Projects

Clarkesville, Washington Street Plaza

Closing Date: November 21, 2017
On November 21, 2017, GCF provided a $250,000 RLF loan to the Clarkesville Downtown Development Authority to partially finance the stabilization, renovation, and redevelopment of historic commercial buildings located at 1404, 1406, 1416, and 1420 Washington Street. The DDA provided a simultaneous loan to Washington Street Buildings, LLC, the project's developer.

Project Details

Loan Recipient
Clarkesville Downtown Development Authority

Sub-Recipient
Washington Street Buildings, LLC

Project Cost
$3,098,053

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
$250,000

Project Use
Three commercial buildings with plaza/open space area
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