122 S. Main St. (Dream Hotel)
Category: Projects
122 S. Main St. (Dream Hotel)
122 S Main St
Memphis, TN
A renovation of the Royal Furniture building on South Main into a 181-key hotel with multiple food & beverage concepts, and ten residential units. In addition to renovating the existing structure, the developer plans to build a new tower above the existing building.
Property Name | Royal Furniture |
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Project Cost | $99,300,000 |
District | Core |
Type | Renovation & New Construction |
Developer | Tom Intrator |
Architect | LRK & LMDA |
SF Developed | 156,900 |
Status | Planned |
Apartment Units | 10 |
Hotel Rooms | 181 |
Approval Date | 2019-11-12 |
Expected Completion | 2025 |
PILOT Details
Lessee | 122 S Main, LLC |
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Lessee Address | 5384 Poplar Ave #400, Memphis, TN 38119 |
Term | 20 Years |
Approval Date | November 12, 2019 |
Extension Approval Date | 11/8/2022 0:00:00 |
Extension | 1 |
Term Mos | 240.00 |
Status From Date | Approved |
Remaining PILOT Years | 0.00 |