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

CCRFC Loan Details

Incentive Program	Bond Financing
Incentive Recipient	City of Memphis
Incentive Amount	$5
Incentive Status	Approved
Incentive Approval Date	October 8, 2024
Incentive MWBE Est	$0