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Macon-Bibb County, 369 Second Street
Closing Date: November 24, 2014
In November 2014, the Foundation provided a $250,000 loan to the Macon-Bibb County Urban Development Authority for the renovation of a historic building located at 369 Second Street in downtown Macon. The Georgia Department of Community Affairs also provided a $250,000 loan for the project. The completed project houses three street-level commercial spaces and twelve residential apartments. The total project cost is $1,455,452.
Project Details
Loan Recipient
Macon-Bibb County Urban Development Authority
Sub-Recipient
369 Second Street, LLC
Project Cost
$1,455,452
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
$250,000
Project Use
Mixed-Use
After
Before
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