Glass Factory Renovation (Bakery Redevelopment)
Category: Projects
Glass Factory Renovation (Bakery Redevelopment)
435 Madison Ave
Memphis, TN
The renovation of the Glass Factory building in the Edge into a mixed-use commercial property, including a new brewery and taproom for Memphis Made Brewing. This project is a component of the larger Edge Redevelopment project that included the construction of The Rise, a new parking garage, the Orion and Leo Events headquarters, and the renovation of the Cycle Shop and Glass Factory buildings.
| Project Cost | $3,800,000 |
|---|---|
| District | Medical District |
| Type | Renovation |
| Developer | Gary Prosterman, Development Services Group (DSG) |
| Architect | Looney Ricks Kiss |
| SF Developed | 36,000 |
| Status | Under Construction |
| Approval Date | 2017-08-08 |
| Expected Completion | 2023 |
PILOT Details
| Lessee | PGK Properties, LLC |
|---|---|
| Lessee Address | PGK Properties, LLC, c/o Development Services Group, Inc., 40 S Main Street Suite 22000, Memphis, TN |
| Term | 20 Years |
| Approval Date | August 8, 2017 |
| Close Date | 12/31/2018 0:00:00 |
| Extension | 0 |
| Term Mos | 240.00 |
| Status From Date | Active |
| Expected Term Date | 12/31/2038 0:00:00 |
| Remaining PILOT Years | 15.28 |
| Pilot Documents | Instrument #19008716 December 31, 2018 Instrument #19008715 December 31, 2018 |
PILOT Details
| Lessee | PGK Properties, LLC |
|---|---|
| Lessee Address | PGK Properties, LLC, c/o Development Services Group, Inc., 40 S. Main Street Suite 2200, Memphis, TN |
| Term | 20 Years |
| Approval Date | August 8, 2017 |
| Close Date | 12/31/2018 0:00:00 |
| Extension | 0 |
| Term Mos | 240.00 |
| Status From Date | Active |
| Expected Term Date | 12/31/2038 0:00:00 |
| Remaining PILOT Years | 15.28 |
| Pilot Documents | Instrument #19008720 December 31, 2018 Instrument #19008719 December 31, 2018 |