Court Square Center

Memphis,
TN
(2006)

Court Square Center

Community, Mixed-use, Schools

The renovation of two historically-significant buildings and the construction of the green, LEED gold certified “Court Annex 2” building to create an urban center that offers 74 live/work units, 40,500 sq. ft. of commercial space and 44 on-site parking spaces.

Investment

NMTC Amount: $36,350,000
Total Project Cost: $50,938,403

IMPACT

88 FTE jobs
691 construction jobs
40,500 sq. ft. of real estate

CDEs

Enterprise Community Partners, Grow America

Investor

US Bank

Project Description

Court Square Center involved the renovation of two historically-significant buildings and the construction of the green, LEED gold certified “Court Annex 2” building to create an urban center that offers 74 live/work units, 40,500 sq. ft. of commercial space and 44 on-site parking spaces. The project has served to reduce blight, spur local investment and improve conditions in the central business district. Commercial tenants include the Plough Foundation, The New Consortium of Law and Business, Servicemasters and a law office. The New Consortium of Law and Business is a charter school for students who test at high levels in math and business. Enrollment is limited to 30-50 students to ensure each student gets plenty of one-on-one instruction. In addition to NDC’s investment, the development was also awarded a HUD BEDI Grant and Section 108 Loan package from the City of Memphis.