46 Keel Ave (Conwood Phase 1)
Category: Projects
46 Keel Ave (Conwood Phase 1)
46 Keel Ave
Memphis, TN
The adaptive reuse of a portion of the historic American Snuff Company property as apartments and office space. The project will include over 100 apartment units, 78,000 SF of office space, and 10,000 SF of ground-floor commercial.
| Project Cost | $45,958,275 |
|---|---|
| District | North CBID |
| Type | Renovation |
| Developer | Wolf River Harbor Holdings, LLC (Billy Orgel) |
| Architect | Fleming Architects |
| SF Developed | 287,780 |
| Status | Completed |
| Apartment Units | 105 |
| Office SF | 78,000 |
| Retail SF | 10,000 |
| Approval Date | 2019-12-10 |
| Expected Completion | 2023 |
| Year Opened | 2023 |
PILOT Details
| Lessee | Wolf River Harbor Holdings, LLC |
|---|---|
| Lessee Address | 495 Tennessee Street, Suite 152, Memphis, TN 38103 |
| Term | 20 Years |
| Approval Date | December 10, 2019 |
| Close Date | 1/14/2021 0:00:00 |
| Extension | 0 |
| Term Mos | 240.00 |
| Status From Date | Active |
| Expected Term Date | 1/14/2041 0:00:00 |
| Remaining PILOT Years | 16.30 |
| Pilot Documents | Instrument #21005833 January 14, 2021 Instrument #21005834 January 14, 2021 |