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81 Monroe Renovation

Category: Projects

81 Monroe Renovation

81 Monroe Ave
Memphis, TN

The 6-story historic building is located on the south side of Monroe Avene, in the block between Main Street and Front Street. It is currently being used as an office building with 3 commercial office tenants. The building owner has identified the following capital improvements and repairs needed to retain existing tenants and attract new tenants to keep the building fully occupied and stable.

Property NameBusiness Men's Club
Project Cost$1,086,587
DeveloperHenry Turley Company
SF Developed19,520
Office SF19,520
Approval Date2024-04-17
Expected Completion2024


CCDC Loan Details

Loan ProgramDevelopment Loan
Loan RecipientHenry Turley Company
Loan Amount$100,000
Loan StatusApproved
Loan Approval DateApril 17, 2024