MEMPHIS, TN (April 18, 2016) – The development of the Artspace South Main Lofts project in Downtown Memphis received another major boost this week, thanks to a grant of $25,000 from the Tennessee Arts Commission.
Artspace South Main Lofts, to be located at 138 St. Paul Avenue in the South Main Arts District, will be a 58-unit development that includes both adaptive reuse of an existing warehouse and new construction. When complete, the $17M project will be the only affordable housing development intended purely for artists and creative professionals in the greater Memphis area. Rents will range from $450 for efficiency units to $770 for three-bedroom units. South Main Lofts will be the first Artspace facility in the Southeastern United States.
“I am a strong supporter of the arts and the Artspace South Main Lofts is a great example of how the arts can drive economic development and community activity,” stated Senate Majority Leader Mark Norris. “The project’s funding reflects strong support from throughout the Memphis community, as well as state and national support leveraged by Artspace.”
This grant from the Commission, which will be administered locally by ArtsMemphis, will be used to design the public plaza area facing the buildings. ArtsMemphis will serve as a convening sponsor and planning facilitator. To enhance the value of this cultural asset, ArtsMemphis will work with the South Main Artspace Lofts to use the space for performances and public art exhibits, and connect to neighborhood events including the weekly farmer’s market, South Main’s Trolley Nights, and the annual RiverArtsFest.
“The South Main Artspace Lofts will have significant positive economic and community impacts on the South Main neighborhood, the greater Memphis area and will be a model for other communities across Tennessee,” said Anne B. Pope, Tennessee Arts Commission Executive Director, “This project will engage arts and culture in continuing to brand this Memphis neighborhood, reach underserved populations, and cement a high value partnership for Tennessee with the national nonprofit Artspace.”
“South Main is thriving right now thanks to visionary and creative efforts of so many people” says Elizabeth Rouse, President and CEO of ArtsMemphis. “The plaza at Artspace South Main Lofts will be a dynamic, vibrant public place for everyone who lives and works in the district. ArtsMemphis and the Tennessee Arts Commission are proud to help bring it to life.”
The Tennessee Arts Commission’s support leverages additional funds as part of a challenge grant and joins major contributions from the Educational Foundation of America, the First Tennessee Foundation, AutoZone, Southern Sun Asset Management, Loeb Properties, Assisi Foundation of Memphis, Pyramid Peak Foundation, the City of Memphis, Downtown Memphis Commission, Ford Foundation and the Hyde Family Foundations.
“The arts and culture in Tennessee can be engines of economic growth and vitality through creative place making. This project is an example of creative placemaking at its best, serving as a catalyst for artistic achievements and adding vibrancy to the neighborhood,” said Stephanie Conner, Tennessee Arts Commission Chair.
For more information how to support the South Main Artspace Lofts, please contact Kathleen Kvern, Senior Director, National Advancement, at (612) 465-0219.