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425 - 427 Madison (Preserver Partners)

Category: Projects

425 - 427 Madison (Preserver Partners)

427 Madison Ave
Memphis, TN

A historic 2-story building in the Edge, which will be renovated into the offices of Preserver Partners, an investment management firm, as well as two rental apartments.

Project Cost$876,500
DistrictMedical District
DeveloperPreserver Partners, LLC
ArchitectSelf Tucker
SF Developed5,034
Total MWBE$200,850
EBO Percent CTD1.00
Apartment Units2
Office SF3,369
Approval Date2019-04-24
Expected Completion2019
Year Opened2020


CCDC Grant Details

Grant ProgramExterior Improvement Grant
Grant RecipientPreserver Partners, LLC
Grant Amount$60,000
Grant StatusClosed
Grant Approval DateApril 24, 2019
Grant Approval Close DateMarch 12, 2021
Grant MWBE Est$122,375

CCDC Loan Details

Loan ProgramDevelopment Loan
Loan RecipientPreserver Partners, LLC
Loan Amount$200,000
Loan StatusClosed
Loan Approval DateApril 24, 2019
Loan Approval Close DateMarch 12, 2021
Loan MWBE Est$122,375