154 GE Patterson (DeSoto Lofts)
Category: Projects
154 GE Patterson (DeSoto Lofts)
154 E G E Patterson Ave
Memphis, TN
A complete renovation of 154 GE Patterson, a historic commercial building most recently used as a Prince Hall Masonic Lodge. The building will be converted into a mixed-use development, with ground floor office space for local architecture firm UrbanARCH, and apartments on the floors above.
| Project Cost | $432,000 |
|---|---|
| District | South CBID |
| Type | Renovation |
| Developer | Brian Bullard (UrbanARCH) |
| Architect | UrbanARCH |
| SF Developed | 14,000 |
| Status | Planned |
| Apartment Units | 8 |
| Office SF | 4,500 |
| Approval Date | 2023-07-11 |
| Expected Completion | 2023 |
PILOT Details
| Lessee | AOD Properties, LLC |
|---|---|
| Lessee Address | 498 S. Main St, Memphis, TN 38119 |
| Term | 10 Years |
| Approval Date | July 11, 2023 |
| Extension | 0 |
| Term Mos | 120.00 |
| Status From Date | Approved |
| Remaining PILOT Years | 0.00 |
CCDC Grant Details
| Grant Program | Exterior Improvement Grant |
|---|---|
| Grant Recipient | Brian Bullard |
| Grant Amount | $60,000 |
| Grant Status | Cancelled |
| Grant Approval Date | June 15, 2022 |
| Grant MWBE Est | $108,000 |