The Walk (Union Row) - Phase 1
Category: Projects
The Walk (Union Row) - Phase 1
283 Gayoso Ave
Memphis, TN
A master-planned mixed-use development, spanning a large area of land on Union, Beale, and Monroe. The project is planned to take place in three phases, and include office, retail, hotel, and apartment spaces, as well as a grocery store.
| Project Cost | $741,173,922 |
|---|---|
| District | Core |
| Type | New Construction |
| Developer | J. Kevin Adams - Big River Partners, LLC |
| Contractor | Montgomery Martin |
| Architect | LRK |
| Status | Planned |
| Apartment Units | 1,105 |
| Hotel Rooms | 550 |
| Office SF | 364,500 |
| Parking Spaces | 2,664 |
| Retail SF | 88,106 |
| Approval Date | 2020-08-11 |
| Expected Completion | 2022 |
PILOT Details
| Lessee | Union Row LB, LLC |
|---|---|
| Lessee Address | 2724 Central Ave, Memphis TN 38111 |
| Term | 30 Years |
| Approval Date | August 11, 2020 |
| Close Date | 12/13/2022 0:00:00 |
| Extension | 0 |
| Term Mos | 360.00 |
| Status From Date | Active |
| Expected Term Date | 12/13/2052 0:00:00 |
| Remaining PILOT Years | 29.24 |
CCRFC Loan Details
| Incentive Program | TIF |
|---|---|
| Incentive Recipient | Big River Partners, LLC |
| Incentive Amount | $30 |
| Incentive Status | Cancelled |
| Incentive Approval Date | December 6, 2018 |
| Incentive MWBE Est | $154,939,766 |