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 |
Total MWBE | $1,588,109 |
EBO Percent CTD | 1.00 |
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 #08148058 November 12, 2008 - PILOT sub-lease Instrument #24001415 November 12, 2023 - Quit Claim to end PILOT Instrument #08148057 November 12, 2008 - Sub-lease |