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

Sub-Recipient
Henry Kennedy Bldg, LLC

Project Cost
$464,000

GCF Loan Amount
$185,000

DD RLF Loan Amount, if any
N/A

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