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The Rise Apartments (Bakery Redevelopment)

Category: Projects

The Rise Apartments (Bakery Redevelopment)

0 Monroe Ave
Memphis, TN

A new construction apartment building with 286 units on the site of the former Wonderbread bakery in the Edge district. This project is a component of the larger Edge Redevelopment project that included the construction of The Rise, a new parking garage, the Orion and Leo Events headquarters, and the renovation of the Cycle Shop and Glass Factory buildings.

Project Cost$33,850,092
DistrictMedical District
TypeNew Construction
DeveloperGary Prosteram Development Services Group
ArchitectLooney Ricks Kiss
SF Developed199,482
Apartment Units286
Expected Completion0
Year Opened2020


PILOT Details

LesseeWH Bakery, LLC
Lessee Addressc/o Worthington Hyde Partners, 3930 East Jones Bridge Road, Suite 145, Norcross, Georgia, 30092
Term20 Years
Close Date9/13/2018 0:00:00
Term Mos240.00
Status From DateActive
Expected Term Date9/13/2038 0:00:00
Remaining PILOT Years14.22
Pilot Documents
Instrument #18093645
September 13, 2018
Instrument #18093646
September 13, 2018