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Thomasville, 117 W. Jefferson Street
Closing Date: January 6, 2016
In January 2016, GCF provided a $250,000 RLF loan to the Thomasville DDA for the acquisition and renovation of a commercial building located at 117 W. Jefferson Street in downtown Thomasville. The DDA provided a simultaneous loan to Jefferson & Madison, LLC, the project’s developers. The completed project houses leasable office space. Thomasville National Bank and the Georgia Department of Community Affairs also provided financing for this project. The total project cost is $1,300,000.
Project Details
Loan Recipient
Thomasville DDA
Sub-Recipient
N/A
Project Cost
$1,300,000
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
$250,000
Project Use
Office Space
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