Printer's Alley Annex Lofts
Category: Projects
Printer's Alley Annex Lofts
345 S Front St
Memphis, TN
Renovate 2-story former grocery distribution into 22 rental apartments (all one-bedroom units), approximately 500 square feet of ground-floor commercial/retail space, 12 basement-level parking spaces, and an interior courtyard. Adjacent to another development project, Printers Alley Lofts.
| Property Name | Printers Alley Annex Lofts |
|---|---|
| Project Cost | $3,115,000 |
| District | South CBID |
| Type | Renovation |
| SF Developed | 40,120 |
| Total MWBE | $652,000 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Apartment Units | 22 |
| Retail SF | 500 |
| Approval Date | 2013-12-10 |
| Year Opened | 2015 |
PILOT Details
| Lessee | Alpha Front Street Properties, LLC |
|---|---|
| Lessee Address | 322 North Shore Drive Bldg G 1B, Suite #200 Pittsburgh, PA 15212 |
| Term | 9 Years |
| Approval Date | December 10, 2013 |
| Close Date | 5/30/2014 0:00:00 |
| Extension | 0 |
| Term Date | 11/30/2023 0:00:00 |
| Term Mos | 114.00 |
| Status From Date | Terminated |
| Expected Term Date | 11/30/2023 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #14055463 May 30, 2014 Instrument #17024736 March 9, 2017 - Assignment Instrument #23101192 November 30, 2023 - PILOT termination QC |
CCDC Loan Details
| Loan Program | Development Loan |
|---|---|
| Loan Recipient | Printers Alley Annex, LLC |
| Loan Amount | $85,000 |
| Loan Status | Closed |
| Loan Approval Date | December 18, 2013 |
| Loan Approval Close Date | December 30, 2015 |