47 S. Main
Category: Projects
47 S. Main
47 S Main St
Memphis, TN
The renovation of a historic 2-story commercial building on Main Street into a mixed-use development with over 12,000 SF of leasable commercial space on the ground floor and basement, and 6,750 SF of office space on the upper level.
| Project Cost | $2,149,507 |
|---|---|
| District | Core |
| Type | Renovation |
| Developer | Nat Newburger |
| Contractor | Alexander Construction |
| Architect | cnct. |
| SF Developed | 23,290 |
| Status | Under Construction |
| Office SF | 6,750 |
| Retail SF | 13,500 |
| Approval Date | 2022-11-08 |
| Expected Completion | 2025 |
PILOT Details
| Lessee | Nat D. Newburger |
|---|---|
| Lessee Address | P.O. Box 945, Memphis, TN 38101 |
| Term | 10 Years |
| Approval Date | September 17, 2024 |
| Close Date | 2/12/2025 0:00:00 |
| Extension | 0 |
| Term Mos | 120.00 |
| Status From Date | Active |
| Expected Term Date | 2/12/2035 0:00:00 |
| Remaining PILOT Years | 9.93 |
| Pilot Documents | Instrument #25017135 February 12, 2025 - PILOT lease agreement Instrument #25017134 February 12, 2025 - QC to CCRFC |