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Augusta, 1033 Broad Street
Closing Date: September 16, 2015
In September 2015, GCF provided a $250,000 loan to the Augusta DDA to partially finance the renovation of a commercial building located at 1033-1041 Broad Street in downtown Augusta. The DDA provided a simultaneous loan to 1033 Broad Street, LLC, the project’s developer. The completed project houses a restaurant, Sole Augusta, on the first floor, keeping intact ten residential apartments on the second and third floors. The total project cost is $1,399,370.
Project Details
Loan Recipient
Augusta DDA
Sub-Recipient
1033 Broad Street, LLC
Project Cost
$1,399,370
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
N/A
Project Use
Mixed Use
After
Foundation Project Impacts
335 New Downtown Businesses
2196 New Jobs Downtown
$208 Million in Private Investments
8 Cultural Facilities
347 Downtown Housing Units
157 Hotel Units Downtown
1,600,000 Redevelopment Floor Area sf
229,000 New Construction sf