757 Court Ave
Category: Projects
757 Court Ave
0 Court Ave
Memphis, TN
A new multi-family building in the medical district with 49 apartment units and 1800 square feet of leasable retail on the ground floor. An existing 1-story building on the site will be demolished and replaced with a contemporary architectural design.
| Project Cost | $7,289,170 |
|---|---|
| District | Medical District |
| Type | New Construction |
| Developer | 757 Court, LLC |
| Architect | BRG3S |
| SF Developed | 35,960 |
| Status | Under Construction |
| Apartment Units | 49 |
| Parking Spaces | 14 |
| Retail SF | 1,800 |
| Approval Date | 2021-11-18 |
| Expected Completion | 2025 |
PILOT Details
| Lessee | 757 Court LLC |
|---|---|
| Lessee Address | 6060 Poplar Ave, Suite 400 |
| Term | 10 Years |
| Approval Date | November 18, 2021 |
| Close Date | 6/28/2024 0:00:00 |
| Extension | 0 |
| Term Mos | 120.00 |
| Status From Date | Active |
| Expected Term Date | 6/28/2034 0:00:00 |
| Remaining PILOT Years | 9.75 |
| Pilot Documents | Instrument #24059444 June 28, 2024 - QC to CCRCFC Instrument #24059449 July 12, 2024 - Lease agreement with 757 Court, LLC |