Legends Park
Category: Projects
Legends Park
198 N Pauline St
Memphis, TN
Phased Hope VI development and revitalization of former Dixie Homes public site; phase I commercial development consists of construction of a 3-story building that will include 24 market-rate apts, 9,000sf of retail space, and 5,500sf of office space
| Property Name | Legends Park |
|---|---|
| Project Cost | $8,362,676 |
| District | Outside CBID |
| Type | New Construction |
| Developer | Memphis Housing Authority; Quimby Bayou Place, LLC |
| Status | Completed |
| Apartment Units | 24 |
| Office SF | 5,500 |
| Retail SF | 9,000 |
| Approval Date | 2008-07-08 |
| Year Opened | 2009 |
PILOT Details
| Lessee | Legends Park Commercial I, LP |
|---|---|
| Lessee Address | c/o Hillary B. Zimmerman, McCormack Baron Salazar, Inc., 1415 Olive Street, Suite 310, St. Louis, Mi |
| Term | 15 Years |
| Approval Date | July 8, 2008 |
| Close Date | 11/12/2008 0:00:00 |
| Extension | 0 |
| Term Date | 11/12/2023 0:00:00 |
| Term Mos | 180.00 |
| Status From Date | Terminated |
| Expected Term Date | 11/12/2023 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #08148057 November 12, 2008 - Sub-lease Instrument #08148058 November 12, 2008 - PILOT sub-lease Instrument #24001415 November 12, 2023 - Quit Claim to end PILOT |