keyboard_arrow_leftBack to Projects

266 Memphis Lofts

266 S Front St, Memphis, TN, USA

Mixed use development on 1.73 acre site with two residential buildings (75,980 SF and 60,174 SF), and a two-story commercial structure (8,000 SF). Project is split into two phases -- the first phase was completed in 2017, and purchased by Alpha 266 Properties, LLC. The second phase was completed in 2019, and was also purchased by Alpha 266.

Development Loan

Development Loan Details

  • Borrower:
    266 Developer, LLC
  • Amount:
    $325,000
  • Approval Date:
    2/18/2015
  • Extension Approval Date:
    8/19/2015
  • Close Date:
    1/1/1970
  • Status From Date:
    lapsed

PILOT

PILOT Details

  • Lessee:
    Alpha 266 Properties, LLC
  • Lessee Address:
    380 Southpointe Blvd, Plaza II Suite 325, Canonsburg, PA 15317, Attn: Jide Famuagun
  • Term:
    10
  • Approval Date:
    10/14/2014
  • Close Date:
    9/12/2016
  • Extension Approval Date:
    10/14/2017
  • Extension:
    0
  • Extension Term Years:
    0
  • Term Date:
    1/1/1970
  • Status From Date:
    active
  • Expected Term Date:
    9/12/2026
  • Remaining Years:
    5.31506849

PILOT Details

  • Lessee:
    Alpha 266 Properties, LLC
  • Lessee Address:
    380 SouthPointe Blvd, Plaza II Suite 325, Canonsburg, PA, Attn: Jide Famuagun
  • Term:
    10
  • Approval Date:
    10/14/2014
  • Close Date:
    9/12/2016
  • Extension Approval Date:
    10/14/2015
  • Extension:
    0
  • Extension Term Years:
    0
  • Term Date:
    1/1/1970
  • Status From Date:
    active
  • Expected Term Date:
    9/12/2026
  • Remaining Years:
    5.31506849

PILOT Documents