115 Union Avenue
Category: Projects
115 Union Avenue
115 Union Ave
Memphis, TN
Renovation of an existing building
| Property Name | Lofts at Union Alley |
|---|---|
| Project Cost | $3,884,598 |
| District | Core |
| Type | Renovation |
| Developer | 115 Union, LLC |
| Architect | Looney Ricks Kiss Architects |
| Total MWBE | $779,728 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Apartment Units | 23 |
| Office SF | 6,900 |
| Approval Date | 2011-01-26 |
| Year Opened | 2012 |
PILOT Details
| Lessee | 115 Union Ave, LLC |
|---|---|
| Lessee Address | 3380 Pearson Road, Memphis, TN 38118 |
| Term | 10 Years |
| Approval Date | January 26, 2011 |
| Close Date | 3/29/2011 0:00:00 |
| Extension | 0 |
| Term Mos | 120.00 |
| Status From Date | Terminated |
| Expected Term Date | 3/29/2021 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #11031465 March 29, 2011 |
CCDC Loan Details
| Loan Program | Development Loan |
|---|---|
| Loan Recipient | 115 Union LLC |
| Loan Amount | $101,000 |
| Loan Status | Closed |
| Loan Approval Date | January 12, 2011 |
| Loan Approval Close Date | June 30, 2012 |