The Saddlery Lofts
Category: Projects
The Saddlery Lofts
505 Tennessee St
Memphis, TN
Multi-family apartment and office complex
| Project Cost | $11,732,000 |
|---|---|
| District | South CBID |
| Type | Renovation |
| Status | Completed |
| Approval Date | 1998-08-18 |
| Year Opened | 2000 |
PILOT Details
| Lessee | THOB, LLC |
|---|---|
| Lessee Address | c/o Henry Turley Company, 65 Union Avenue, Suite 1200, Memphis, TN 38103 |
| Term | 25 Years |
| Approval Date | August 18, 1998 |
| Close Date | 5/6/1999 0:00:00 |
| Extension | 0 |
| Term Mos | 300.00 |
| Status From Date | Active |
| Expected Term Date | 5/6/2024 0:00:00 |
| Remaining PILOT Years | 0.62 |
| Pilot Documents | Instrument #11097613 September 2, 2011 - Fourth lease amendment Instrument #09118307 September 24, 2009 - Third lease amendment Instrument #09005989 November 26, 2008 - Assignment and assumption of lease from THOB, LLC to Tenn Street Partners LLC (Units 112-113) Instrument #06099221 May 30, 2006 - Second lease amendment Instrument #05211402 December 28, 2005 - First lease amendment Instrument #20062430 June 16, 2020 Instrument #20062429 June 16, 2020 - Sixth lease amendment Instrument #JJ4493 May 6, 1999 Instrument #17010143 January 25, 2017 - Fifth lease amendment - reduces PILOT asssessment and minimum payment |
PILOT Details
| Lessee | Tenn Street Partners, LLC |
|---|---|
| Lessee Address | 505 Tennessee Street Suite 108, Memphis, TN 38103 |
| Term | 25 Years |
| Approval Date | August 18, 1998 |
| Close Date | 5/6/1999 0:00:00 |
| Extension | 0 |
| Term Mos | 300.00 |
| Status From Date | Active |
| Expected Term Date | 5/6/2024 0:00:00 |
| Remaining PILOT Years | 0.62 |
| Pilot Documents | Instrument #09005989 November 26, 2008 - Assignment and assumption of lease from THOB, LLC to Tenn Street Partners LLC (Units 112-113) Instrument #JJ4493 May 6, 1999 |