The Vic on Union (785 Union)
Category: Projects
The Vic on Union (785 Union)
785 Union Ave
Memphis, TN
A new-construction multifamily building with 286 apartment units. The five-story building will also have a seven-level parking structure with around 320 spaces. The building will be located directly to the south of Health Sciences Park, on the former site of an Office Depot.
| Project Cost | $46,444,797 |
|---|---|
| District | Medical District |
| Type | New Construction |
| Developer | Huntington Properties, Inc |
| SF Developed | 146,326 |
| Status | Planned |
| Apartment Units | 286 |
| Parking Spaces | 320 |
| Approval Date | 2022-10-11 |
| Expected Completion | 2025 |
PILOT Details
| Lessee | The Vic on Union LLC |
|---|---|
| Lessee Address | Huntington Residential, 3773 Richmond Ave., Suite 800, Houston, TX 77046 |
| Term | 12 Years |
| Approval Date | October 11, 2022 |
| Extension Approval Date | 1/9/2025 0:00:00 |
| Extension | 0 |
| Term Mos | 144.00 |
| Status From Date | Approved |
| Remaining PILOT Years | 0.00 |