Macon-Bibb County, 497 Second Street

Closing Date: March 31, 2020
On March 31, 2020, the Foundation provided a $200,000 loan to the Macon-Bibb County Urban Development Authority to assist in financing renovations to a two-story commercial building located at 497 Second Street in downtown Macon. The Authority provided a simultaneous loan to G&A Central Georgia Properties, LLC, the project’s developer. The completed project houses a restaurant/bar on the first floor and an axe-throwing establishment on the second floor. The total project cost is $500,000. Additional project financing was provided by Renasant Bank.

Project Details

Loan Recipient
Macon-Bibb County Urban Development Authority

G&A Central Georgia Properties, LLC

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
Leasable Commercial Space
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