220 Claybrook
Category: Projects
220 Claybrook
220 S Claybrook St
Memphis, TN
A new multifamily building in the Medical District with 83 apartment units and on-site parking. The building will be four-stories, and feature a mix of studios, one-bedroom, and two-bedroom apartments. A small amount of commercial space will be located on the ground floor of the building. Parking for the building will be located in the development's basement, and a small surface lot behind the building.
| Project Cost | $13,000,000 |
|---|---|
| District | Medical District |
| Type | New Construction |
| Developer | CTLP, LLC (Patton & Taylor) |
| Contractor | Patton & Taylor |
| Architect | Shapiro and Company |
| Status | Under Construction |
| Apartment Units | 83 |
| Office SF | 1,000 |
| Parking Spaces | 84 |
| Retail SF | 800 |
| Approval Date | 2021-10-12 |
| Expected Completion | 2026 |
PILOT Details
| Lessee | 220 South Partners, LLC |
|---|---|
| Lessee Address | 7960 Wolf River Blvd, Germantown, TN 38138 |
| Term | 12 Years |
| Approval Date | October 12, 2021 |
| Close Date | 8/24/2023 0:00:00 |
| Extension | 0 |
| Term Mos | 144.00 |
| Status From Date | Active |
| Expected Term Date | 8/24/2035 0:00:00 |
| Remaining PILOT Years | 10.91 |
| Pilot Documents | Instrument #23071475 August 24, 2023 Instrument #23078989 September 8, 2023 - Scrivener's Affidavit to add survey to lease Instrument #23071474 August 16, 2023 |