Tue
May 24 2016
10:36 pm
Who is South Shore LLC?
from WATE.com ...
Gilby says he’s paid $650 in rent for the building since the 1980s but in April he received a letter stating the building was sold to new owners called South Shore LLC. Gilby says he met with a representative for South Shore and rent could be going up to $2,000.
Some South Knoxville businesses forced to move as rent increases
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from City of Knoxville
from City of Knoxville website:
December 11, 2007 - The City of Knoxville and Southshore Properties LLC announced plans today for a major project located in the city’s 20-year South Waterfront redevelopment plan area.
The cooperative effort includes construction of 137 new residential units with an estimated value of $58.6 million by Southshore Properties - a newly-formed partnership between Mike and Kelly Conley and Mike Stevens - north of the intersection of Barber Street and Langford Avenue in conjunction with $10.7 million worth of street and park improvements by the city.
Looks like South Shore
(in reply to michael kaplan)
Looks like South Shore Properties is a a new LLC registered earlier this year. Same address, so probably the same people.
Re. the deal announced in 2007, didn't they sell some (most? all?) of that property back to the city for the park?
Some. The original plan was
(in reply to R. Neal)
Some. The original plan was that the City would build the park and the developers (at the time, Kelly & Mike Conley) would build across the street to the south. They even had renderings.
Then the recession hit and nothing happened, nothing happened, nothing happened. So the City decided to go ahead with the park.
Time to pay the piper
Knoxville has long been renowned for cheap rents for businesses, not just residential properties. These corporations do their comps not on the neighborhood level, but on what they charge in other cities like Chattanooga, Asheville, etc. Someone out there is saying "I told you so."
SoS Website
From the secretary of state's website, it appears that it is a 2 person LLC, and the registered agent is Amy Enderle. I am willing to bet the other member is her husband Brant Enderle, who appears to be a developer. Does anyone know what other projects they are involved with?
Interesting discussion
(in reply to DubV)
Interesting discussion here...
(link...)
Developers discuss future of Morristown College site
Developers discuss future of Morristown College site
Hope he finds a place, but
$650 for 3,000 sq/ft is undervalued in 2016.