Printer's Alley Lofts
Category: Projects
Printer's Alley Lofts
347 S Front St
Memphis, TN
Renovation of an existing 24,600 sqft building into 20 loft style apartments and new construction of a 3-story building to include 9 townhome units and 750 sqft of ground floor retail space.
| Property Name | Printer's Alley |
|---|---|
| Project Cost | $3,150,000 |
| District | South CBID |
| Type | Renovation |
| Developer | Vince Smith, Jr.; Robert Mallory |
| Architect | Renaissance Group |
| SF Developed | 24,600 |
| Total MWBE | $495,000 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Apartment Units | 29 |
| Retail SF | 750 |
| Approval Date | 2012-03-13 |
| Year Opened | 2016 |
PILOT Details
| Lessee | Alpha Front Street Properties, LLC |
|---|---|
| Lessee Address | 44 ABELE RD STE 304, BRIDGEVILLE PA 15017- 3487 |
| Term | 10 Years |
| Approval Date | March 13, 2012 |
| Close Date | 8/7/2012 0:00:00 |
| Extension | 0 |
| Term Mos | 120.00 |
| Status From Date | Terminated |
| Expected Term Date | 8/7/2022 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #12088675 August 7, 2012 Instrument #17024734 March 9, 2017 - Lease assignment |
CCDC Loan Details
| Loan Program | Development Loan |
|---|---|
| Loan Recipient | Printers Alley, LLC |
| Loan Amount | $85,000 |
| Loan Approval Date | March 21, 2012 |