Peabody Place
Category: Projects
Peabody Place
149 Union Ave
Memphis, TN
Mixed-use hotel, entertainment & retail
| Property Name | Peabody Hotel |
|---|---|
| Project Cost | $56,975,000 |
| District | Core |
| Type | New Construction |
| Status | Completed |
| Hotel Rooms | 464 |
| Retail SF | 300,000 |
| Approval Date | 1997-12-16 |
| Year Opened | 1998 |
PILOT Details
| Lessee | Hotel Peabody, LP |
|---|---|
| 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 | 12/31/1997 0:00:00 |
| Extension | 1 |
| Extension Term Years | 15 |
| Term Mos | 300.00 |
| Extension Term Mos | 180 |
| Status From Date | Active |
| Expected Term Date | 12/31/2037 0:00:00 |
| Remaining PILOT Years | 14.28 |
| Pilot Documents | Instrument #21126779 October 6, 2021 - Fourth Amendment to Lease Instrument #JN9707 September 1, 1999 - Second amendment to lease Instrument #16095871 September 19, 2016 - Third amendment to lease Instrument #JP3069 August 1, 1999 - Assignment of rents Instrument #JM5808 July 1, 1999 - Amendment to lease Instrument #HB6476 December 31, 1997 |