The Washburn
Category: Projects
The Washburn
60 S Main St
Memphis, TN
Renovation of historic 66,000sf, five-story building will include 42 (900 - 1200sf) apartments and approximately 5,000sf of ground floor commercial space
| Property Name | The Washburn |
|---|---|
| Project Cost | $7,865,000 |
| District | Core |
| Type | Renovation |
| Developer | Downtown Developers LLC |
| Contractor | Naylor Construction |
| Architect | Habiterra |
| SF Developed | 66,000 |
| Total MWBE | $1,272,411 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Apartment Units | 42 |
| Retail SF | 5,000 |
| Approval Date | 2008-07-08 |
| Year Opened | 2010 |
PILOT Details
| Lessee | Washburn Partners, LLC |
|---|---|
| Lessee Address | 429 N. Main Street, 2nd Floor, Memphis, TN 38103 |
| Term | 15 Years |
| Approval Date | July 8, 2008 |
| Close Date | 10/14/2008 0:00:00 |
| Extension | 0 |
| Term Mos | 180.00 |
| Status From Date | Active |
| Expected Term Date | 10/14/2023 0:00:00 |
| Remaining PILOT Years | 0.06 |
| Pilot Documents | Instrument #08135783 October 14, 2008 Instrument #16035403 April 12, 2016 - Assignment and Assumption of lease from Downtown Developers LLC to Washburn Partners LLC |