Peabody Place Parking Garage
Category: Projects
Peabody Place Parking Garage
150 Peabody Pl
Memphis, TN
Parking garage w/related retail space
| Property Name | Peabody Place Parking Garage |
|---|---|
| Project Cost | $13,100,000 |
| District | Core |
| Type | New Construction |
| Status | Completed |
| Parking Spaces | 1,000 |
| Retail SF | 15,142 |
| Approval Date | 1997-12-16 |
| Year Opened | 2000 |
PILOT Details
| Lessee | Hotel Peabody GP |
|---|---|
| Lessee Address | Clinton J. Gray, SPTC, CRA, Director of Property Tax, Belz Enterprises, 100 Peabody Place, Suite 140 |
| Term | 25 Years |
| Approval Date | December 16, 1997 |
| Close Date | 7/29/1999 0:00:00 |
| Extension | 0 |
| Term Date | 7/29/2024 0:00:00 |
| Term Mos | 300.00 |
| Status From Date | Terminated |
| Expected Term Date | 7/29/2024 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #KJ4035 July 21, 2000 - Assignment of lease (Unit 1) to Hotel Peabody GP Instrument #24070357 July 29, 2024 - Recorded 08/16/2024. Lease termination for Unit 1. Instrument #24070358 July 29, 2024 - Recorded 08/16/2024. QC for Unit 1. Instrument #24070360 July 29, 2024 - Recorded 08/16/2024. QC for Unit 3. Instrument #24070359 July 29, 2024 - Recorded 08/16/2024. Lease termination for Unit 3. Instrument #KU9403 July 29, 2000 - Recorded 1/29/01. Amendment to lease (Unit 1) Instrument #JP0559 July 29, 1999 Instrument #04112451 July 29, 2000 - Recorded on 7/08/04. Revised amendment to lease (Unit 1). |
PILOT Details
| Lessee | Parking Authority of the City of Memphis and the County of Shelby |
|---|---|
| Lessee Address | Parking Authority, 114 N. Main, Memphis, TN 38103 |
| Term | 25 Years |
| Approval Date | December 16, 1997 |
| Close Date | 7/29/1999 0:00:00 |
| Extension | 0 |
| Term Mos | 300.00 |
| Status From Date | Terminated |
| Expected Term Date | 7/29/2024 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #KU9404 July 29, 2000 - Recorded 1/29/01. Amendment to lease (Unit 2) Instrument #JP0560 July 29, 1999 Instrument #04119812 July 1, 2004 - Recorded 7/21/04. Amendment to lease (Unit 2) |
PILOT Details
| Lessee | Peabody Place Centre GP |
|---|---|
| Lessee Address | Parking Authority, 114 N. Main, Memphis, TN 38103 |
| Term | 25 Years |
| Approval Date | December 16, 1997 |
| Close Date | 7/29/1999 0:00:00 |
| Extension | 0 |
| Term Mos | 300.00 |
| Status From Date | Terminated |
| Expected Term Date | 7/29/2024 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #JP0561 July 29, 1999 Instrument #KU9405 July 29, 2000 - Amendment to lease (Unit 3) Instrument #04112452 July 29, 2000 - Recorded 7/08/04. Revised amendment to lease Instrument #02203464 January 24, 2000 - Recorded 11/27/02. Assignment of lease (Unit 3) to Peabody Place Centre GP |