Augusta, 1033 Broad Street

Closing Date: September 16, 2015
In September 2015, GCF provided a $250,000 loan to the Augusta DDA to partially finance the renovation of a commercial building located at 1033-1041 Broad Street in downtown Augusta. The DDA provided a simultaneous loan to 1033 Broad Street, LLC, the project’s developer. The completed project houses a restaurant, Sole Augusta, on the first floor, keeping intact ten residential apartments on the second and third floors. The total project cost is $1,399,370.

Project Details

Loan Recipient
Augusta DDA

1033 Broad Street, LLC

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
Mixed 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