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

Sub-Recipient
1033 Broad Street, LLC

Project Cost
$1,399,370

GCF Loan Amount
$250,000

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