Memphis’ first C-PACE loan gives assist to Uptown Studio and Storage project

Posted by on March 6, 2023 |

Uptown Studio and Storage, the initial phase of what is planned to eventually convert the former Greyhound bus station at 525 N. Main St. into a mixed-use site, has become the first project to receive C-PACE financing in the City of Memphis and the second in the State of Tennessee.

The project has received $2.3 million in Commercial Property Assessed Clean Energy, commonly known as C-PACE, financing. The lending mechanism provides for water and energy efficiency, renewable energy, and resiliency projects.

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