Barboro Flats & Garage
Category: Projects
Barboro Flats & Garage
100 S Main St
Memphis, TN
Construction of a 5-story building for mixed residential and commercial use; will include 92 apartments, 7,000sf of ground floor commercial space ($9,397,000). Construction of garage ($10,340,000).
| Property Name | Barboro Flats |
|---|---|
| Project Cost | $19,737,000 |
| District | Core |
| Type | New Construction |
| Developer | 100 South Main Partners |
| Contractor | Montgomery Martin |
| Architect | Looney Ricks Kiss Architects |
| Total MWBE | $3,115,809 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Apartment Units | 92 |
| Parking Spaces | 215 |
| Retail SF | 7,000 |
| Approval Date | 2008-08-12 |
| Year Opened | 2010 |
PILOT Details
| Lessee | 100 South Main Partners |
|---|---|
| Lessee Address | c/o Henry Turley Company, 65 Union Avenue, Suite 1200, Memphis, TN 38103 |
| Term | 15 Years |
| Approval Date | August 12, 2008 |
| Close Date | 12/23/2008 0:00:00 |
| Extension | 0 |
| Term Mos | 180.00 |
| Status From Date | Terminated |
| Expected Term Date | 12/23/2023 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #08161181 December 23, 2008 Instrument #11121783 August 1, 2011 - Assignment of lease (Unit 3) Instrument #11121782 August 1, 2010 - First amendment |
PILOT Details
| Lessee | Parking Authority of the City of Memphis and the County of Shelby |
|---|---|
| Lessee Address | Parking Authority, 114 N. Main, Memphis, TN 38103 |
| Term | 15 Years |
| Approval Date | August 12, 2008 |
| Close Date | 12/23/2008 0:00:00 |
| Extension | 0 |
| Term Mos | 180.00 |
| Status From Date | Terminated |
| Expected Term Date | 12/23/2023 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #08161180 December 23, 2008 |