Cabinet Shop Lofts
Category: Projects
Cabinet Shop Lofts
436 S Front St
Memphis, TN
Renovation of an existing building into 25 apartments and 1,500sf ground-floor retail space
| Property Name | Cabinet Shop Lofts |
|---|---|
| Project Cost | $2,525,000 |
| District | South CBID |
| Type | Renovation |
| Developer | Greenbrier Partners, LLC |
| Architect | Archimania |
| Total MWBE | $1,640,000 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Apartment Units | 25 |
| Retail SF | 1,500 |
| Approval Date | 2010-04-13 |
| Year Opened | 2013 |
PILOT Details
| Lessee | Alpha Front Street Properties, LLC |
|---|---|
| Lessee Address | 322 North Shore Drive Bldg G 1B, Suite #200 Pittsburgh, PA 15212 |
| Term | 10 Years |
| Approval Date | April 13, 2010 |
| Close Date | 9/30/2010 0:00:00 |
| Extension | 0 |
| Term Mos | 120.00 |
| Status From Date | Terminated |
| Expected Term Date | 9/30/2020 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #16097463 September 22, 2016 - Lease assigned to Alpha Front Street Partners Instrument #10102470 September 30, 2010 |
CCDC Loan Details
| Loan Program | Development Loan |
|---|---|
| Loan Recipient | Greenbrier Partners, LLC |
| Loan Amount | $77,000 |
| Loan Status | Closed |
| Loan Approval Date | May 19, 2010 |
| Loan Approval Close Date | July 15, 2013 |