1030 Poplar Ave
Category: Projects
1030 Poplar Ave
1030 Poplar Ave
Memphis, TN
The renovation of an existing vacant multifamily property on Poplar Ave, adjacent to Legends Park. The property is currently vacant and blighted, and will receive a complete interior and exterior renovation.
| Project Cost | $6,191,391 |
|---|---|
| District | Outside CBID |
| Type | Renovation |
| Developer | Amin Zaki |
| Status | Completed |
| Apartment Units | 84 |
| Approval Date | 2021-02-09 |
| Expected Completion | 2022 |
| Year Opened | 2022 |
PILOT Details
| Lessee | 1030 Poplar LLC |
|---|---|
| Lessee Address | 7842 Farmington Blvd, Germantown, TN 38138 |
| Term | 13 Years |
| Approval Date | February 9, 2021 |
| Close Date | 6/15/2021 0:00:00 |
| Extension | 0 |
| Term Mos | 156.00 |
| Status From Date | Active |
| Expected Term Date | 6/15/2034 0:00:00 |
| Remaining PILOT Years | 9.51 |
| Pilot Documents | Instrument #21072328 June 10, 2021 - Quit claim to CCRFC Instrument #21072329 June 15, 2021 - PILOT lease |