First Place Parking Garage
Category: Projects
First Place Parking Garage
21 S 2nd St
Memphis, TN
Parking garage
| Property Name | First Place Parking Garage |
|---|---|
| Project Cost | $6,800,000 |
| District | Core |
| Status | Completed |
| Approval Date | 1996-08-20 |
| Year Opened | 1998 |
PILOT Details
| Lessee | Nine South Second Properties, LLC |
|---|---|
| Lessee Address | J. Gordon Hollingsworth 10 South Main Street, Suite 1408, Memphis, TN 38103 |
| Term | 21 Years |
| Approval Date | August 20, 1996 |
| Close Date | 2/17/1998 0:00:00 |
| Extension Approval Date | 12/16/1997 0:00:00 |
| Extension | 1 |
| Extension Term Years | 15 |
| Term Mos | 252.00 |
| Extension Term Mos | 180 |
| Status From Date | Active |
| Expected Term Date | 2/17/2034 0:00:00 |
| Remaining PILOT Years | 10.41 |
| Pilot Documents | Instrument #JP3069 August 1, 1999 - Assignment of rents Instrument #JD9802 March 2, 1999 - Re-recording to increase term Instrument #HH0266 February 17, 1998 Instrument #06043160 January 9, 2006 - Agreement for lease of parking spaces |