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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 NameLegends Park
Project Cost$8,362,676
DistrictOutside CBID
TypeNew Construction
DeveloperMemphis Housing Authority; Quimby Bayou Place, LLC
Total MWBE$1,588,109
EBO Percent CTD1.00
Apartment Units24
Office SF5,500
Retail SF9,000
Approval Date2008-07-08
Year Opened2009


PILOT Details

LesseeLegends Park Commercial I, LP
Lessee Addressc/o Hillary B. Zimmerman, McCormack Baron Salazar, Inc., 1415 Olive Street, Suite 310, St. Louis, Mi
Term15 Years
Approval DateJuly 8, 2008
Close Date11/12/2008 0:00:00
Term Date11/12/2023 0:00:00
Term Mos180.00
Status From DateTerminated
Expected Term Date11/12/2023 0:00:00
Remaining PILOT Years0.00
Pilot Documents
Instrument #08148057
November 12, 2008 - Sub-lease
Instrument #24001415
November 12, 2023 - Quit Claim to end PILOT
Instrument #08148058
November 12, 2008 - PILOT sub-lease