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Loganville, Merritt Properties
Closing Date: September 16, 2019
On September 16, 2019, the Foundation provided a $250,000 loan to the Loganville Development Authority for the acquisition of property at 76 Bay Creek Road in Loganville. The Authority made a simultaneous loan to Merritt Properties, Inc., the project's developer. The completed project will continue to operate as a commercial / light industrial park.
Project Details
Loan Recipient
Loganville Development Authority
Sub-Recipient
Merritt Properties, Inc.
Project Cost
$1,600,000
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
N/A
Project Use
Commercial/Light Industrial Park
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