Augusta, 1022 Broad Street

Closing Date: May 6, 2015
In May 2015, the Foundation provided a $185,000 loan to the Downtown Development Authority of Augusta to partially finance the renovation of the historic Henry Kennedy Building located at 1022-1026 in downtown Augusta. The DDA provided a simultaneous loan to Henry Kennedy Bldg, LLC, the project’s developer. The completed project houses two street-level commercial spaces and four residential apartments. The total project cost is $464,000.

Project Details

Loan Recipient
Downtown Development Authority of Augusta

Henry Kennedy Bldg, LLC

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
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