Skip to Main Content

492 South 2nd

Category: Projects

492 South 2nd

492 S 2nd St
Memphis, TN

The building is proposed to be renovated into three (3) sections: two sections as rental studio spaces for artists and a common gallery space, and the balance marketed as restaurant space.

Project Cost$261,581
DistrictSouth CBID
SF Developed9,000
Total MWBE$49,379
EBO Percent CTD1.00
Retail SF9,000
Approval Date2011-09-21
Year Opened2012


CCDC Loan Details

Loan ProgramDevelopment Loan
Loan RecipientPeri Motamedi
Loan Amount$52,000
Loan StatusClosed
Loan Approval DateSeptember 21, 2011
Loan Approval Close DateDecember 31, 2012
Loan MWBE Est$28,136