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61 Keel Ave

Category: Projects

61 Keel Ave

61 Keel Ave
Memphis, TN

The conversion of a historic industrial building into a commercial event space. The building is adjacent to the larger Snuff District project that is currently being planned.

Project Cost$2,581,151
DistrictNorth CBID
DeveloperBilly Orgel
SF Developed28,000
Approval Date2019-09-10
Expected Completion2021
Year Opened2022


PILOT Details

LesseeAquaserve, LLC
Lessee Address495 Tennessee Street, Suite 152, Memphis, TN 38103
Term15 Years
Approval DateSeptember 10, 2019
Close Date3/5/2021 0:00:00
Term Mos180.00
Status From DateActive
Expected Term Date3/5/2036 0:00:00
Remaining PILOT Years11.94
Pilot Documents
Instrument #21026625
March 5, 2021 - PILOT lease
Instrument #21026624
March 5, 2021 - Warranty Deed assigning title to CCRFC