The Citizen
Category: Projects
The Citizen
1835 Union Ave
Memphis, TN
The Union Avenue Mixed-Use Development is proposed to be constructed at the corner of Union Avenue and McLean Avenue. The building at the corner will be demolished and replaced by ground-up cnostruction, while two adjacent buildings will be renovated.
| Property Name | Union at McLean |
|---|---|
| Project Cost | $33,583,182 |
| District | Outside CBID |
| Type | Renovation & New Construction |
| Developer | Belz Enterprises |
| SF Developed | 218,000 |
| Total MWBE | $7,380,624 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Apartment Units | 175 |
| Parking Spaces | 288 |
| Retail SF | 26,500 |
| Approval Date | 2015-10-13 |
| Expected Completion | 2019 |
| Year Opened | 2019 |
PILOT Details
| Lessee | Belz Harbour LLC |
|---|---|
| Lessee Address | c/o Belz Enterprises, 100 Peabody Place, Suite 1400, Memphis, TN 3 8103 |
| Term | 15 Years |
| Approval Date | October 13, 2015 |
| Close Date | 12/28/2017 0:00:00 |
| Extension Approval Date | 2/14/2017 0:00:00 |
| Extension | 0 |
| Term Mos | 180.00 |
| Status From Date | Active |
| Expected Term Date | 12/28/2032 0:00:00 |
| Remaining PILOT Years | 9.27 |
| Pilot Documents | Instrument #17132473 December 28, 2017 Instrument #19104681 October 8, 2019 Instrument #17132474 December 28, 2017 - PILOT lease Instrument #17132479 December 28, 2017 - Landlord's estoppel certificate and agreement |