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 |
|---|---|
| District | North CBID |
| Type | Renovation |
| Developer | Billy Orgel |
| SF Developed | 28,000 |
| Status | Completed |
| Approval Date | 2019-09-10 |
| Expected Completion | 2021 |
| Year Opened | 2022 |
PILOT Details
| Lessee | Aquaserve, LLC |
|---|---|
| Lessee Address | 495 Tennessee Street, Suite 152, Memphis, TN 38103 |
| Term | 15 Years |
| Approval Date | September 10, 2019 |
| Close Date | 3/5/2021 0:00:00 |
| Extension | 0 |
| Term Mos | 180.00 |
| Status From Date | Active |
| Expected Term Date | 3/5/2036 0:00:00 |
| Remaining PILOT Years | 11.24 |
| Pilot Documents | Instrument #21026625 March 5, 2021 - PILOT lease Instrument #21026624 March 5, 2021 - Warranty Deed assigning title to CCRFC |