18 S. Main St. Redevelopment
Category: Projects
18 S. Main St. Redevelopment
18 S Main St
Memphis, TN
Most recently the building stood as an incomplete construction project to renovate two adjacent historic structures as a 3-story commercial building. The previous owner started a process to fully renovate two adjacent historic buildings (ca. 1910) but was unable to move forward to complete construction as outlined in the PILOT lease agreement leading to a PILOT cancellation. Now, the project can move forward under new ownership.
| Project Cost | $590,000 |
|---|---|
| District | Core |
| Type | Renovation |
| Developer | Private Mortgage Investments, LLC |
| Contractor | Alexander Construction |
| Architect | John Halford |
| SF Developed | 24,800 |
| Status | Planned |
| Office SF | 7,500 |
| Retail SF | 17,300 |
| Approval Date | 2025-06-18 |
| Expected Completion | 2026 |
CCDC Loan Details
| Loan Program | Development Loan |
|---|---|
| Loan Recipient | Private Mortgage Investments, LLC |
| Loan Amount | $200,000 |
| Loan Status | Approved |
| Loan Approval Date | June 18, 2025 |