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 Name | Business Men's Club |
|---|---|
| Project Cost | $1,086,587 |
| District | Core |
| Type | Renovation |
| Developer | Henry Turley Company |
| SF Developed | 19,520 |
| Status | Under Construction |
| Office SF | 19,520 |
| Approval Date | 2024-04-17 |
| Expected Completion | 2024 |
CCDC Loan Details
| Loan Program | Development Loan |
|---|---|
| Loan Recipient | Henry Turley Company |
| Loan Amount | $100,000 |
| Loan Status | Approved |
| Loan Approval Date | April 17, 2024 |