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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
DistrictNorth CBID
TypeNew Construction
DeveloperBilly Orgel
StatusUnder Construction
Apartment Units292
Parking Spaces420
Retail SF10,900
Approval Date2021-03-09
Expected Completion2025


PILOT Details

LesseeWolf River Harbor Holdings, LLC
Lessee Address495 Tennessee Street, Suite 152,
Term20 Years
Approval DateMarch 9, 2021
Close Date10/31/2023 0:00:00
Term Mos240.00
Status From DateActive
Expected Term Date10/31/2043 0:00:00
Remaining PILOT Years19.60
Pilot Documents
Instrument #22121129
October 31, 2023 - Assignments of rents and leases
Instrument #22121130
October 31, 2023 - Sublease with DPA
Instrument #22121128
October 31, 2023