Conwood Phase II (47 Keel)
Category: Projects
Conwood Phase II (47 Keel)
47 Keel Ave
Memphis, TN
A new-construction building with 292 apartment units, a 420-space garage, and 10,900 Sq. Ft. of ground floor commercial. The project is the second phase of the Conwood redevelopment project, which includes the adaptive reuse of the historic Conwood building to the south.
| Project Cost | $61,944,405 |
|---|---|
| District | North CBID |
| Type | New Construction |
| Developer | Billy Orgel |
| Status | Under Construction |
| Apartment Units | 292 |
| Parking Spaces | 420 |
| Retail SF | 10,900 |
| Approval Date | 2021-03-09 |
| Expected Completion | 2025 |
PILOT Details
| Lessee | Wolf River Harbor Holdings, LLC |
|---|---|
| Lessee Address | 495 Tennessee Street, Suite 152, |
| Term | 20 Years |
| Approval Date | March 9, 2021 |
| Close Date | 10/31/2023 0:00:00 |
| Extension | 0 |
| Term Mos | 240.00 |
| Status From Date | Active |
| Expected Term Date | 10/31/2043 0:00:00 |
| Remaining PILOT Years | 19.35 |
| Pilot Documents | Instrument #22121128 October 31, 2023 Instrument #22121129 October 31, 2023 - Assignments of rents and leases Instrument #22121130 October 31, 2023 - Sublease with DPA |