Poplar Art Lofts
Category: Projects
Poplar Art Lofts
1957 Poplar Ave
Memphis, TN
A new six-story apartment development with ground-floor retail. The building will be built on the former Memphis College of Art space at the Southeast corner of Poplar and Tucker in Midtown.
| Project Cost | $16,065,000 |
|---|---|
| District | Outside CBID |
| Type | New Construction |
| Developer | Vince Smith |
| Architect | Renaissance group. |
| Total MWBE | $4,902,840 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Apartment Units | 111 |
| Parking Spaces | 114 |
| Retail SF | 1,700 |
| Approval Date | 2019-04-09 |
| Expected Completion | 2021 |
| Year Opened | 2021 |
PILOT Details
| Lessee | Poplar Arts, L.P. |
|---|---|
| Lessee Address | 1437 Central Ave Ste 1200, Memphis, TN 38104-4905 |
| Term | 15 Years |
| Approval Date | April 9, 2019 |
| Close Date | 3/11/2020 0:00:00 |
| Extension | 0 |
| Term Mos | 180.00 |
| Status From Date | Active |
| Expected Term Date | 3/11/2035 0:00:00 |
| Remaining PILOT Years | 10.45 |
| Pilot Documents | Instrument #20026555 March 11, 2020 Instrument #20026554 March 11, 2020 |