Bristol Development at Midtown
Category: Projects
Bristol Development at Midtown
1177 Union Ave
Memphis, TN
Construction of 220 luxury apartments and a 400-space parking garage at the corner of Pasadena and Union on 3.06 acres adjacent to Methodist Hospital.
| Property Name | Bristol on Union |
|---|---|
| Project Cost | $20,000,000 |
| District | Medical District |
| Type | New Construction |
| Developer | Bristol Development Group, LLC |
| Status | Completed |
| Apartment Units | 220 |
| Parking Spaces | 400 |
| Approval Date | 2001-12-11 |
| Year Opened | 2004 |
PILOT Details
| Lessee | G&I VIII Bristol LLC |
|---|---|
| Lessee Address | c/o DRA Advisors LLC, 220 East 42nd Street, New York, NY 10017 |
| Term | 20 Years |
| Approval Date | December 11, 2001 |
| Close Date | 3/15/2002 0:00:00 |
| Extension | 0 |
| Term Mos | 240.00 |
| Status From Date | Terminated |
| Expected Term Date | 3/15/2022 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #02046702 March 15, 2002 Instrument #13098926 August 13, 2013 - Assignment of leases and rents Instrument #15066353 May 28, 2015 - Assignment and assumption of lease encroachment agreement Instrument #15051153 May 28, 2015 - Assignment and assumption of ground lease Instrument #06068699 April 18, 2006 - Assignment and assumption of ground lease |