47 S. Main Redevelopment
Category: Projects
47 S. Main Redevelopment
47 S Main St
Memphis, TN
Historic 2-story commerical building on Main Street will be redeveloped into a mixed-use development with over 13,500 SF of leaseable commerical 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 | John Halford, cnct |
| SF Developed | 20,250 |
| Status | Under Construction |
| Office SF | 3,750 |
| Retail SF | 13,500 |
| Approval Date | 2025-09-17 |
| Expected Completion | 2026 |
PILOT Details
| Lessee | Nat D. Newburger |
|---|---|
| Lessee Address | P.O. Box 945 |
| Term | 10 Years |
| Approval Date | September 17, 2025 |
| 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 | 8.84 |