MEMPHIS, Tenn. — If all the funding is approved, the Old Greyhound Bus Station in Uptown will be turned into a residential and commercial space with artist studios next door.

Uptown Studio and Storage, LLC, is seeking a $2,185,000 C-PACER loan from Petros PACE Finance, LLC to help revitalize the property in the 500 block of North Main.

500 block of North Main

November 6 Investments plans to convert the 1902 bus terminal into loft apartments and commercial space. The group also wants to build a new $80,000 square-foot building on a vacant lot adjacent to the Greyhound building to put in 450 self-storage units and 20 artist studios.

The total cost of the project is just under $9 million dollars.

The project will go before the Economic Development Growth Engine for Memphis & Shelby County on October 26, at its monthly public board meeting.