Jefferson River Estates
Category: Projects
Jefferson River Estates
1445 River Estates Dr
Memphis, TN
Construction of 400 new units of multi-family apartments in 17 buildings on the north end of Mud Island
| Property Name | Estates at River Pointe |
|---|---|
| Project Cost | $27,435,000 |
| District | North CBID |
| Type | New Construction |
| Developer | JPI Apartment Development, LP |
| Status | Completed |
| Apartment Units | 400 |
| Approval Date | 1999-04-13 |
| Year Opened | 2000 |
PILOT Details
| Lessee | Knickerbocker TN Estates LLC |
|---|---|
| Lessee Address | Sentinel Real Estate Corp., 1251 Avenue of the Americas, 35th Floor, New York, NY 10020 |
| Term | 25 Years |
| Approval Date | April 13, 1999 |
| Close Date | 1/13/2000 0:00:00 |
| Extension | 1 |
| Extension Term Years | 15 |
| Term Mos | 300.00 |
| Extension Term Mos | 180 |
| Status From Date | Active |
| Expected Term Date | 1/13/2040 0:00:00 |
| Remaining PILOT Years | 16.32 |
| Pilot Documents | Instrument #21047693 April 22, 2021 - Assignment to Knickerbocker TN Estates LLC Instrument #21047691 April 22, 2021 Instrument #21047692 April 22, 2021 - Consent and release agreement Instrument #02193605 November 12, 2002 - Assignment and assumption of ground lease agreement to Knickerbocker Properties, Inc. XXXIX Instrument #JY7909 January 13, 2000 |