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7 Vance Mixed-Use Development

Category: Projects

7 Vance Mixed-Use Development

7 Vance Ave
Memphis, TN

A new mixed-use development at the corner of Vance Avenue and Wagner Place, at the former location of the Nylon Net Building and 339 S. Front. The new development will consist of two new-construction buildings with 273 multifamily units, 310 parking spaces, and ground floor amenity space.

Property NameNylon Net
Project Cost$87,100,000
DistrictSouth CBID
TypeNew Construction
DeveloperCarlisle Development Company
StatusUnder Construction
Apartment Units273
Parking Spaces310
Approval Date2021-02-09
Expected Completion2025


PILOT Details

Lessee7V Devco, LLC
Lessee Address245 Front Street Hotel Company, LLC, 119 S. Main Street, Suite 800, Memphis, TN 38103
Term19 Years
Approval DateFebruary 9, 2021
Close Date10/27/2021 0:00:00
Term Mos234.00
Status From DateActive
Expected Term Date4/27/2041 0:00:00
Remaining PILOT Years16.84
Pilot Documents
Instrument #21134488
October 26, 2021 - Quitclaim to CCRFC
Instrument #21134490
October 26, 2021 - PILOT lease