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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 NamePrinters Alley Annex Lofts
Project Cost$3,115,000
DistrictSouth CBID
SF Developed40,120
Total MWBE$652,000
EBO Percent CTD1.00
Apartment Units22
Retail SF500
Approval Date2013-12-10
Year Opened2015


PILOT Details

LesseeAlpha Front Street Properties, LLC
Lessee Address322 North Shore Drive Bldg G 1B, Suite #200 Pittsburgh, PA 15212
Term9 Years
Approval DateDecember 10, 2013
Close Date5/30/2014 0:00:00
Term Date11/30/2023 0:00:00
Term Mos114.00
Status From DateTerminated
Expected Term Date11/30/2023 0:00:00
Remaining PILOT Years0.00
Pilot Documents
Instrument #17024736
March 9, 2017 - Assignment
Instrument #23101192
November 30, 2023 - PILOT termination QC

CCDC Loan Details

Loan ProgramDevelopment Loan
Loan RecipientPrinters Alley Annex, LLC
Loan Amount$85,000
Loan StatusClosed
Loan Approval DateDecember 18, 2013
Loan Approval Close DateDecember 30, 2015