Rome, 215 Broad Street

Closing Date: January 27, 2017
In January 2017, GCF provided a $250,000 loan to the Downtown Development Authority of the City of Rome for the rehabilitation of a commercial building located at 215 Broad Street in downtown Rome. The Authority provided a simultaneous loan to Rome Preservation, LLC, the project's developer. The completed project houses five leasable commercial spaces and eight residential apartments. Other project financing was provided by Heritage First Bank and the Georgia Department of Community Affairs.

Project Details

Loan Recipient
Downtown Development Authority of the City of Rome

Sub-Recipient
Rome Preservation, LLC

Project Cost
$2,217,377

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
$250,000

Project Use
Mixed-Use
After
Foundation Project Impacts
263 New Downtown Businesses
1463 New Jobs Downtown
$117.35 Million in Private Investments
8 Cultural Facilities
283 Downtown Housing Units
155 Hotel Units Downtown
1,174,574 Redevelopment Floor Area sf
193,583 New Construction sf