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LaGrange, Ellis & Ellis Realty Project
Closing Date: August 28, 2008
In August 2008, the Foundation provided a $250,000 loan to the Downtown LaGrange Development Authority for the acquisition of a dilapidated building on Broome Street in downtown LaGrange.
Project Details
Loan Recipient
Downtown LaGrange Development Authority
Sub-Recipient
Ellis & Ellis Realty, LLC
Project Cost
$1,300,648
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
$250,000
Project Use
Office
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