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McDonough, Southern Roots Tavern & Eatery
Closing Date: September 27, 2019
On September 27, 2019, the Foundation provided a $212,500 loan to the Downtown Development Authority of the City of McDonough to assist in financing renovations to a commercial building located at 15 Griffin Street in downtown McDonough. The DDA provided a simultaneous loan to Southern Investment Group, LLC, the project's developer. The completed project houses a restaurant, Southern Roots Tavern & Eatery.
Project Details
Loan Recipient
Downtown Development Authority of the City of McDonough
Sub-Recipient
Southern Investment Group, LLC
Project Cost
$1,035,000
GCF Loan Amount
$212,500
DD RLF Loan Amount, if any
$212,500
Project Use
Restaurant
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