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South Junction Phase II

Category: Projects

South Junction Phase II

7 E Georgia Ave
Memphis, TN

Originally new construction of 197 apartments with 264 on-site parking spaces on two parcels at the intersection of Carolina and Florida at a cost of $17.6M. After developer was able to acquire adjacent lots, project was expanded to be 281 apartments at a cost of $26.1M.

Property NameSouth Junction Phase II
Project Cost$8,100,000
DistrictSouth CBID
TypeNew Construction
ContractorMontgomery Martin
ArchitectLRK., Inc
SF Developed73,000
Total MWBE$1,672,178
EBO Percent CTD1.00
Apartment Units84
Approval Date2014-09-09
Year Opened2015


PILOT Details

LesseeSouth Junction Partners II
Lessee Addressc/o Henry Turley Company, 65 Union Avenue, Suite 1200, Memphis, TN 38103
Term13 Years
Approval DateSeptember 9, 2014
Close Date8/14/2015 0:00:00
Term Mos156.00
Status From DateActive
Expected Term Date8/14/2028 0:00:00
Remaining PILOT Years4.13
Pilot Documents
Instrument #15084774
August 14, 2015
Instrument #15081750
August 14, 2015