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2035 Madison Mixed-Use Development

Category: Projects

2035 Madison Mixed-Use Development

2035 Madison Ave
Memphis, TN

A new mixed-use development near Overton Square in Midtown. The development includes two new buildings with 29 apartment units and 4,000 sq. ft. of commercial space.

Project Cost$6,662,200
DistrictOutside CBID
TypeNew Construction
DeveloperCaruthers Group
SF Developed22,400
StatusUnder Construction
Apartment Units29
Parking Spaces50
Retail SF4,000
Approval Date2020-06-09
Expected Completion2023


PILOT Details

LesseeCaruthers Group, LLC
Lessee AddressCaruthers Group, LLC, 2075 Madison Avenue, Memphis, TN 38104
Term10 Years
Approval DateJune 9, 2020
Close Date6/30/2021 0:00:00
Term Mos120.00
Status From DateActive
Expected Term Date6/30/2031 0:00:00
Remaining PILOT Years7.77
Pilot Documents
Instrument #21080105
June 28, 2021 - Quit Claim to CCRFC
Instrument #21080106
June 30, 2021 - PILOT lease