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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
DistrictOutside CBID
TypeNew Construction
DeveloperVince Smith
ArchitectRenaissance group.
Total MWBE$4,902,840
EBO Percent CTD1.00
Apartment Units111
Parking Spaces114
Retail SF1,700
Approval Date2019-04-09
Expected Completion2021
Year Opened2021


PILOT Details

LesseePoplar Arts, L.P.
Lessee Address1437 Central Ave Ste 1200, Memphis, TN 38104-4905
Term15 Years
Approval DateApril 9, 2019
Close Date3/11/2020 0:00:00
Term Mos180.00
Status From DateActive
Expected Term Date3/11/2035 0:00:00
Remaining PILOT Years10.71
Pilot Documents
Instrument #20026555
March 11, 2020
Instrument #20026554
March 11, 2020