Cooper-Young development approved for property-tax incentive
The Cooper, proposed location shown in the photo, will have an additional 40-space parking lot on the new north-south drive from Central Avenue to York Avenue, and about 25 street spaces on York Avenue will help with the increased traffic and demand from the development. (Patrick Lantrip/The Daily Memphian file)
The developer of The Cooper, a $137 million mixed-use development in Cooper-Young, received a 20-year tax incentive Tuesday, Jan. 14.
The Center City Revenue Finance Corp. approved the payment-in-lieu-of-taxes for Cooper Holding Properties LLC, led by Chance Carlisle and Carlisle Development Co.
The Cooper will be on 5.8 acres at Cooper Street and Central Avenue with 250 multifamily apartments, 27 rental townhomes, a 125-room hotel, surface parking and a 325-space parking garage.
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Sophia Surrett
Sophia Surrett is a University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She covers small business, nonprofits, restaurant real estate, hospitality and tourism, manufacturing, and transportation and logistics.
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