Orion FCU Headquarters (Bakery Redevelopment)
Category: Projects
Orion FCU Headquarters (Bakery Redevelopment)
400 Monroe Ave
Memphis, TN
The renovation of a portion of the historic Wonderbread bakery into office space for Orion Federal Credit Union. This project is a component of the larger Edge Redevelopment project that included the construction of The Rise, a new parking garage, the Orion and Leo Events headquarters, and the renovation of the Cycle Shop and Glass Factory buildings.
| Project Cost | $14,242,479 |
|---|---|
| District | Medical District |
| Type | Renovation |
| Developer | Gary Prosterman, Development Services Group (DSG) |
| Architect | Looney Ricks Kiss |
| SF Developed | 75,000 |
| Status | Completed |
| Office SF | 60,000 |
| Approval Date | 2017-08-08 |
| Expected Completion | 0 |
| Year Opened | 2019 |
PILOT Details
| Lessee | Orion Federal Credit Union |
|---|---|
| Lessee Address | 7845 Highway 64, Memphis, TN 38133 |
| Term | 20 Years |
| Approval Date | August 8, 2017 |
| Close Date | 1/31/2018 0:00:00 |
| Extension | 0 |
| Term Mos | 240.00 |
| Status From Date | Active |
| Expected Term Date | 1/31/2038 0:00:00 |
| Remaining PILOT Years | 13.35 |
| Pilot Documents | Instrument #18010263 January 31, 2018 |