Island Park Apartments & Harbor Town Square
Category: Projects
Island Park Apartments & Harbor Town Square
60 Harbor Town Sq
Memphis, TN
Construction of 296 market rate apartments.
| Property Name | Harbor Town Square Apartments |
|---|---|
| Project Cost | $16,500,000 |
| District | North CBID |
| Type | New Construction |
| Developer | Island Park, LLC |
| Status | Completed |
| Apartment Units | 296 |
| Approval Date | 1996-04-16 |
| Year Opened | 1998 |
PILOT Details
| Lessee | Island-Harbor Corp. |
|---|---|
| Lessee Address | Sentinel Real Estate Corporation, Attn: Kathleen Cawley, 1251 Avenue of the Americas, 35th Floor, N |
| Term | 10 Years |
| Approval Date | April 16, 1996 |
| Close Date | 11/1/1996 0:00:00 |
| Extension | 1 |
| Extension Term Years | 15 |
| Term Mos | 120.00 |
| Extension Term Mos | 180 |
| Status From Date | Terminated |
| Expected Term Date | 11/1/2021 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #GE6206 November 1, 1996 Instrument #JR6099 August 26, 1999 - Amended and restated lease Instrument #JR6098 August 26, 1999 - Assignment of lease and assumption agreement by Island-Harbor Corp Instrument #JK6859 March 15, 1999 - Amendment to lease Instrument #JR6097 August 26, 1999 - Assignment of lease and assumption agreement to Mid-South Development, LLC, Brooks Road Associates & Henry M. Turley |