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120 Monroe (124 Newsroom)

Category: Projects

120 Monroe (124 Newsroom)

120 Monroe Ave
Memphis, TN

A complete renovation of 118 - 124 Monroe by the owners of McEwen's restaurant, the longtime ground-floor tenant of the building. McEwen's will expand into a currently vacant retail bay of the building, while the remaining bay and upper floors will be used for six rental apartments of various sizes.

Project Cost$1,856,286
Developer124 Newsroom, LLC (John Littlefield and Bert Smythe)
ArchitectArch Inc.
SF Developed13,260
StatusUnder Construction
Apartment Units6
Restaurant SF4,000
Approval Date2019-06-19
Expected Completion2021


CCDC Grant Details

Grant ProgramExterior Improvement Grant
Grant Recipient124 Newsroom, LLC
Grant Amount$80,000
Grant StatusClosed
Grant Approval DateJune 19, 2019
Grant Approval Close DateMay 26, 2023
Grant MWBE Est$348,425

CCDC Loan Details

Loan ProgramDevelopment Loan
Loan Recipient124 Newsroom, LLC
Loan Amount$200,000
Loan Approval DateJune 19, 2019
Loan MWBE Est$348,425

Project Documents