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 |
|---|---|
| District | Medical District |
| Type | Renovation |
| Developer | Preserver Partners, LLC |
| Architect | Self Tucker |
| SF Developed | 5,034 |
| Total MWBE | $200,850 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Apartment Units | 2 |
| Office SF | 3,369 |
| Approval Date | 2019-04-24 |
| Expected Completion | 2019 |
| Year Opened | 2020 |
CCDC Grant Details
| Grant Program | Exterior Improvement Grant |
|---|---|
| Grant Recipient | Preserver Partners, LLC |
| Grant Amount | $60,000 |
| Grant Status | Closed |
| Grant Approval Date | April 24, 2019 |
| Grant Approval Close Date | March 12, 2021 |
| Grant MWBE Est | $122,375 |
CCDC Loan Details
| Loan Program | Development Loan |
|---|---|
| Loan Recipient | Preserver Partners, LLC |
| Loan Amount | $200,000 |
| Loan Status | Closed |
| Loan Approval Date | April 24, 2019 |
| Loan Approval Close Date | March 12, 2021 |
| Loan MWBE Est | $122,375 |