Skip to Main Content

The Medicine Factory

Category: Projects

The Medicine Factory

85 W Virginia Ave
Memphis, TN

A renovation of The Medicine Factory, a building that houses art studios. The renovation will add 4 studios in currently unfinished space, bringing the total number of studios from 9 to 13.

Property NameThe Medicine Factory
Project Cost$385,000
DistrictSouth CBID
DeveloperJoseph & Phillip Lewis
ArchitectFive One
Total MWBE$37,034
EBO Percent CTD1.00
Approval Date2019-01-16
Expected Completion2019
Year Opened2019


CCDC Loan Details

Loan ProgramDevelopment Loan
Loan RecipientThe Medicine Factory, LLC (Joseph and Phillip Lewis)
Loan Amount$150,000
Loan StatusClosed
Loan Approval DateJanuary 16, 2019
Loan Approval Close DateNovember 5, 2019
Loan MWBE Est$38,250