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Merchants Row

Category: Projects

Merchants Row

91 S 2nd St
Memphis, TN

The applicant owns the five (5) buildings located in a continuous row from 77-91 South Second St. About half of these buildings have been redeveloped and are in use. Remaining half of the buildings to be redeveloped to include ground-floor restaurant space (total of 7,240 sf) and sixteen (16) market-rate apartments above.

Property NameMerchants Row
Project Cost$3,894,600
SF Developed23,206
Total MWBE$671,986
EBO Percent CTD1.00
Apartment Units16
Restaurant SF7,240
Approval Date2014-11-11
Year Opened2015


PILOT Details

LesseeCendown, ltd., L.P.
Lessee AddressTherese H. Morris, c/o D. Canale & Co., 79 S. Second Street, Memphis, TN 38103
Term10 Years
Approval DateNovember 11, 2014
Close Date2/13/2015 0:00:00
Term Mos120.00
Status From DateActive
Expected Term Date2/13/2025 0:00:00
Remaining PILOT Years0.88
Pilot Documents
Instrument #15015394
February 13, 2015 - Quit claim to CCRFC
Instrument #15015395
February 13, 2015 - Original lease