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 Name | James Lee House |
|---|---|
| Project Cost | $2,225,000 |
| District | Medical District |
| Type | Renovation |
| Developer | Jose Velazquez |
| Contractor | Montgomery Martin |
| Architect | Fleming Associates |
| Total MWBE | $434,448 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Hotel Rooms | 5 |
| Approval Date | 2013-01-08 |
| Year Opened | 2014 |
PILOT Details
| Lessee | The James Lee House, LLC |
|---|---|
| Lessee Address | 690 Adams Ave, Memphis, TN 38105 |
| Term | 10 Years |
| Approval Date | January 8, 2013 |
| Close Date | 6/4/2013 0:00:00 |
| Extension | 0 |
| Term Mos | 120.00 |
| Status From Date | Terminated |
| Expected Term Date | 6/4/2023 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #13068620 June 4, 2013 |
CCDC Loan Details
| Loan Program | Development Loan |
|---|---|
| Loan Recipient | James Lee House, LLC |
| Loan Amount | $130,000 |
| Loan Status | Closed |
| Loan Approval Date | January 16, 2013 |
| Loan Approval Close Date | March 1, 2014 |