Macon-Bibb County, 535 Second Street

Closing Date: September 30, 2016
In September 2016, GCF provided a $250,000 RLF loan to the Macon-Bibb County Urban Development Authority for the rehabilitation of a commercial building located at 535 Second Street in downtown Macon. The Authority provided a simultaneous loan to Poplar Street Lofts, LLC, the project's developer. The completed project contains one commercial space and nine residential apartments. CenterState Bank is the project's senior lender. The total project cost is $765,600.

Project Details

Loan Recipient
Macon-Bibb County Urban Development Authority

Sub-Recipient
N/A

Project Cost
$765,600

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any

Project Use
Commercial building
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