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 Name | Merchants Row |
|---|---|
| Project Cost | $3,894,600 |
| District | Core |
| Type | Renovation |
| SF Developed | 23,206 |
| Total MWBE | $671,986 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Apartment Units | 16 |
| Restaurant SF | 7,240 |
| Approval Date | 2014-11-11 |
| Year Opened | 2015 |
PILOT Details
| Lessee | Cendown, ltd., L.P. |
|---|---|
| Lessee Address | Therese H. Morris, c/o D. Canale & Co., 79 S. Second Street, Memphis, TN 38103 |
| Term | 10 Years |
| Approval Date | November 11, 2014 |
| Close Date | 2/13/2015 0:00:00 |
| Extension | 0 |
| Term Mos | 120.00 |
| Status From Date | Active |
| Expected Term Date | 2/13/2025 0:00:00 |
| Remaining PILOT Years | 1.39 |
| Pilot Documents | Instrument #15015395 February 13, 2015 - Original lease Instrument #15015394 February 13, 2015 - Quit claim to CCRFC |