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A. Schwab

Category: Projects

A. Schwab

163 Beale St
Memphis, TN

Renovate and lease it to A. Schwab Trading Company (a separate entity composed of the same ownership group), whom will then continue to operate the business as an A. Schwab store, but enhanced, and with more offerings, as detailed in the applicant's application. The improvements planned for the building include but are not limited to repairing or replacing the following: roof, exterior windows, HV AC, fas:ade, and electrical.

Property NameA. Schwab
Project Cost$2,440,000
SF Developed20,000
Total MWBE$64,500
EBO Percent CTD1.00
Retail SF20,000
Approval Date2012-03-21
Year Opened2013


CCDC Loan Details

Loan ProgramDevelopment Loan
Loan RecipientA. Schwab Real Estate Company, LLC
Loan Amount$66,000
Loan StatusClosed
Loan Approval DateMarch 21, 2012
Loan Approval Close DateJune 18, 2013
Loan MWBE Est$72,000