80 Virginia
Category: Projects
80 Virginia
80 E Virginia Ave
Memphis, TN
The renovation of a 3-story industrial building on the South End into a 24-unit residential building with 1,000 square feet of commercial space on the ground floor.
| Project Cost | $3,847,082 |
|---|---|
| District | South CBID |
| Type | Renovation |
| Developer | Mike Kennedy |
| Status | Completed |
| Apartment Units | 24 |
| Office SF | 1,000 |
| Approval Date | 2018-09-04 |
| Expected Completion | 2022 |
| Year Opened | 2022 |
PILOT Details
| Lessee | National Rose Memphis, LLC |
|---|---|
| Lessee Address | 1350 Concourse Avenue Memphis Tennessee, 38104 |
| Term | 8 Years |
| Approval Date | September 4, 2018 |
| Close Date | 10/13/2020 0:00:00 |
| Extension Approval Date | 1/14/2020 0:00:00 |
| Extension | 0 |
| Term Mos | 102.00 |
| Status From Date | Active |
| Expected Term Date | 4/13/2029 0:00:00 |
| Remaining PILOT Years | 4.34 |
| Pilot Documents | Instrument #20112119 October 13, 2020 Instrument #20112118 October 13, 2020 Instrument #23075189 September 5, 2023 - Trust deed release for Financial Federal Bank Instrument #22124665 November 11, 2022 - Assignment to National Rose Memphis, LLC |