Arrive Hotel
Category: Projects
Arrive Hotel
477 S Main St
Memphis, TN
The adaptive reuse and renovation of two adjacent historic buildings in the heart of the South Main district into a boutique hotel with multiple dining concepts. The primary building is 477 S. Main, a warehouse building that was most recently used as the Memphis College of Art graduate school.
| Property Name | Memphis College of Art (Lewis Building) |
|---|---|
| Project Cost | $14,206,000 |
| District | South CBID |
| Type | Renovation |
| Developer | Wessman Holdings, LLC |
| Architect | Chris Pardo Design |
| Total MWBE | $2,524,113 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Hotel Rooms | 62 |
| Approval Date | 2017-02-14 |
| Expected Completion | 2019 |
| Year Opened | 2019 |
PILOT Details
| Lessee | South Main Hotel, LLC |
|---|---|
| Lessee Address | 5715 N Figueroa St, Suite 201, Los Angeles, CA 90042 213-415-1984 |
| Term | 15 Years |
| Approval Date | February 14, 2017 |
| Close Date | 8/10/2018 0:00:00 |
| Extension | 0 |
| Term Mos | 180.00 |
| Status From Date | Active |
| Expected Term Date | 8/10/2033 0:00:00 |
| Remaining PILOT Years | 8.67 |
| Pilot Documents | Instrument #18081656 August 10, 2018 Instrument #18081657 August 8, 2018 |