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South Junction Phase II

0 E Carolina Ave, Memphis, TN, USA

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.

PILOT

PILOT Details

  • Lessee:
    South Junction Partners II
  • Lessee Address:
    c/o Henry Turley Company, 65 Union Avenue, Suite 1200, Memphis, TN 38103
  • Term:
    13
  • Approval Date:
    9/9/2014
  • Close Date:
    8/14/2015
  • Extension Approval Date:
    1/1/1970
  • Extension:
    0
  • Extension Term Years:
    0
  • Term Date:
    1/1/1970
  • Status From Date:
    active
  • Expected Term Date:
    8/14/2028
  • Remaining Years:
    6.68219178

PILOT Documents