Skip to Main Content

400 S Main St

Category: Projects

400 S Main St

400 S Main St
Memphis, TN

A renovation project that will convert a building previously used as a single family home into a mixed-use building with 18 apartments and 3 retail bays on the ground floor. The developer plans to rent out the apartments via short-term rental services like AirBNB, with the option of converting to traditional apartment rentals.

Project Cost$4,811,794
DistrictSouth CBID
DeveloperBlue Suede Properties (Kenny Lipshutz)
ArchitectArch Inc.
SF Developed30,600
Apartment Units18
Parking Spaces18
Retail SF3,500
Approval Date2020-01-14
Expected Completion2021
Year Opened2021


PILOT Details

LesseeBlue Suede Properties, LLC
Lessee Address24 Washington Square North, New York, NY 10011
Term15 Years
Approval DateJanuary 14, 2020
Close Date7/30/2020 0:00:00
Term Mos180.00
Status From DateActive
Expected Term Date7/30/2035 0:00:00
Remaining PILOT Years11.09
Pilot Documents
Instrument #20079580
July 30, 2020 - PILOT lease
Instrument #20079579
July 30, 2020 - Quitclaim to CCRFC