Hotel Construction: 30-Year Ground Lease Approved
City of MemphisCity · Memphis, TN- Document date
- Jul 23, 2024
The 30-second brief
The City Council is considering a resolution to approve a 30-year ground lease for the construction and operation of a hotel. The project will be located within The District @ Liberty Park.
Capstone Development holds this lease contract with City of Memphis. Its other public contracts on record include work for Town of Robinson and University Of South Florida-Sarasota-Manatee.
Term as filed: 30-year Ground Lease, with Four (4) Ten Year renewal options.
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Contract details
- Contract type
- Lease
- Document date
- July 23, 2024
- Term
- 30-year Ground Lease, with Four (4) Ten Year renewal options
- Vendor
- Capstone Development
- Agency
- City of Memphis
- Source document
- city-of-memphis-agenda-2024-07-23_cbe.pdf (Agenda)
Capstone Development's other public contracts
More City of Memphis contracts
Questions about this contract
Who was awarded the lease contract by City of Memphis?
Capstone Development was awarded this lease contract by City of Memphis, as recorded on July 23, 2024.
What type of contract is this?
This is a Lease contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-memphis-agenda-2024-07-23_cbe.pdf (Agenda), dated July 23, 2024 from City of Memphis. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Capstone Development hold?
Capstone Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
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What is City of Memphis currently buying?
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