100 N Main Redevelopment (Woods)
Category: Projects
100 N Main Redevelopment (Woods)
100 N Main St
Memphis, TN
A project that will redevelop the entire 100 N Main block, including the adaptive reuse of the primary tower, and new infill on the block to the south. The tower will include multifamily and hotel space, as well as a renovated parking garage, office space, and restaurant / retail space on the ground floor. An infill building on the south side of the block will include apartments, an additional parking faciility, and some ground floor retail.
| Project Cost | $309,000,000 |
|---|---|
| District | Core |
| Type | Renovation & New Construction |
| Developer | 100 N. Main Development Partners (Kevin Woods & Billy Orgel) |
| Contractor | Cleveland Construction |
| Architect | HBG Design |
| Status | Under Construction |
| Apartment Units | 200 |
| Hotel Rooms | 200 |
| Office SF | 60,000 |
| Parking Spaces | 772 |
| Retail SF | 3,000 |
| Restaurant SF | 38,000 |
| Approval Date | 2024-02-13 |
| Expected Completion | 2027 |
PILOT Details
| Lessee | 100 North Main, LLC |
|---|---|
| Lessee Address | 100 North Main, LLC 495 Tennessee Street, Suite 152 Memphis, TN 38103 |
| Term | 30 Years |
| Approval Date | February 13, 2024 |
| Extension | 0 |
| Term Mos | 360.00 |
| Status From Date | Approved |
| Remaining PILOT Years | 0.00 |
CCRFC Loan Details
| Incentive Program | Bond Financing |
|---|---|
| Incentive Recipient | 100 N Main, LLC |
| Incentive Amount | $30 |
| Incentive Status | Approved |
| Incentive Approval Date | March 12, 2024 |
| Incentive MWBE Est | $0 |
CCRFC Loan Details
| Incentive Program | TDZ Surcharge |
|---|---|
| Incentive Recipient | 100 N Main, LLC |
| Incentive Amount | $30 |
| Incentive Status | Approved |
| Incentive Approval Date | February 13, 2024 |
| Incentive MWBE Est | $0 |