492 South Main
Category: Projects
492 South Main
492 S Main St
Memphis, TN
Split into two PILOTs. Original parcel was 002114 00001C.
| Property Name | Rizzo's (formerly Café Soul) |
|---|---|
| Project Cost | $85,000 |
| District | South CBID |
| Type | Renovation |
| Status | Completed |
| Year Opened | 1996 |
PILOT Details
| Lessee | Melvin Daniel |
|---|---|
| Lessee Address | Melvin Daniel, 492 South Main, Memphis, TN 38103 (Returned to sender) |
| Term | 10 Years |
| Close Date | 12/29/1995 0:00:00 |
| Extension | 1 |
| Extension Term Years | 15 |
| Term Mos | 120.00 |
| Extension Term Mos | 180 |
| Status From Date | Terminated |
| Expected Term Date | 12/29/2020 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #FN8171 December 29, 1995 Instrument #KT5124 December 28, 2000 - Assignment |
PILOT Details
| Lessee | Michael R. Burr and Mary Anne Burr |
|---|---|
| Lessee Address | 549 S. Front Street, Memphis, TN 38103 |
| Term | 10 Years |
| Close Date | 12/29/1995 0:00:00 |
| Extension | 1 |
| Extension Term Years | 15 |
| Term Mos | 120.00 |
| Extension Term Mos | 180 |
| Status From Date | Terminated |
| Expected Term Date | 12/29/2020 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #JA3475 December 30, 1998 - Amendment to lease agreement w/ D'Army Bailey Instrument #KF4876 April 5, 2000 - Partial release of assignment of leases and rents Instrument #KD4879 April 5, 2000 - Revised and restated lease agreement with Richard Glassman Instrument #KD4878 April 5, 2000 - Revised and restated lease agreement with Melvin Daniel Instrument #JP3069 August 1, 1999 - Assignment of rents Instrument #KT5124 October 22, 2000 - Assignment of leasehold interest and consent thereto by MCCRFC Instrument #HZ8575 December 17, 1998 - Assignment of lease and rents (492 South Main) by Richard Glassman to Regions Bank Instrument #HZ8573 December 17, 1998 - Assumption, Modification and Subordination Agreemen Instrument #HZ8572 December 17, 1998 - Assignment of leasehold interest and consent thereto by MCCRFC to Richard Glassman Instrument #FN8171 December 29, 1995 Instrument #05008328 January 12, 2005 - Assignment of leasehold interest (Daniel to Burr) Instrument #KD4872 April 5, 2000 - Partial assignment of leasehold interest and consent thereto by MCCRFC |