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Rome, 215 Broad Street
Closing Date: January 27, 2017
In January 2017, GCF provided a $250,000 loan to the Downtown Development Authority of the City of Rome for the rehabilitation of a commercial building located at 215 Broad Street in downtown Rome. The Authority provided a simultaneous loan to Rome Preservation, LLC, the project's developer. The completed project houses five leasable commercial spaces and eight residential apartments. Other project financing was provided by Heritage First Bank and the Georgia Department of Community Affairs.
Project Details
Loan Recipient
Downtown Development Authority of the City of Rome
Sub-Recipient
Rome Preservation, LLC
Project Cost
$2,217,377
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
$250,000
Project Use
Mixed-Use
After
Foundation Project Impacts
299 New Downtown Businesses
1728 New Jobs Downtown
$147 Million in Private Investments
8 Cultural Facilities
288 Downtown Housing Units
157 Hotel Units Downtown
1,352,805 Redevelopment Floor Area sf
200,267 New Construction sf