Rome, 313-315 Broad Street

Closing Date: August 23, 2017
On August 23, 2017, GCF provided a $78,000 loan to the Downtown Development Authority of the City of Rome for Phase Two renovations to a commercial building located at 313-315 Broad Street in downtown Rome. The Authority provided a simultaneous loan to Mark and Kim Floyd, the project’s developer. The completed project houses a restaurant on the first floor and a residential apartment on the second floor. The total project cost (Phases One & Two) is $666,515.

Project Details

Loan Recipient
Downtown Development Authority of the City of Rome

Sub-Recipient
Mark & Kim Floyd

Project Cost
$666,515

GCF Loan Amount
$78,000

DD RLF Loan Amount, if any
N/A

Project Use
Restaurant space and one residential apartment
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