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 Name | The Medicine Factory |
|---|---|
| Project Cost | $385,000 |
| District | South CBID |
| Type | Renovation |
| Developer | Joseph & Phillip Lewis |
| Architect | Five One |
| Total MWBE | $37,034 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Approval Date | 2019-01-16 |
| Expected Completion | 2019 |
| Year Opened | 2019 |
CCDC Loan Details
| Loan Program | Development Loan |
|---|---|
| Loan Recipient | The Medicine Factory, LLC (Joseph and Phillip Lewis) |
| Loan Amount | $150,000 |
| Loan Status | Closed |
| Loan Approval Date | January 16, 2019 |
| Loan Approval Close Date | November 5, 2019 |
| Loan MWBE Est | $38,250 |