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James Lee House Bed & Breakfast

Category: Projects

James Lee House Bed & Breakfast

690 Adams Ave
Memphis, TN

Renovation of the historic 19th c James Lee House into a 5-suite bed and breakfast inn.

Property NameJames Lee House
Project Cost$2,225,000
DistrictMedical District
DeveloperJose Velazquez
ContractorMontgomery Martin
ArchitectFleming Associates
Total MWBE$434,448
EBO Percent CTD1.00
Hotel Rooms5
Approval Date2013-01-08
Year Opened2014


PILOT Details

LesseeThe James Lee House, LLC
Lessee Address690 Adams Ave, Memphis, TN 38105
Term10 Years
Approval DateJanuary 8, 2013
Close Date6/4/2013 0:00:00
Term Mos120.00
Status From DateTerminated
Expected Term Date6/4/2023 0:00:00
Remaining PILOT Years0.00
Pilot Documents

CCDC Loan Details

Loan ProgramDevelopment Loan
Loan RecipientJames Lee House, LLC
Loan Amount$130,000
Loan StatusClosed
Loan Approval DateJanuary 16, 2013
Loan Approval Close DateMarch 1, 2014