Augusta, 1151-1155 Broad Street

Closing Date: December 17, 2012
In December 2012, the Foundation provided a $193,780 loan to the Downtown Development Authority of Augusta to partially finance the rehabilitation of a commercial building located at 1151-1155 Broad Street and 1130 Jones Street in downtown Augusta. The completed project now houses four residential apartments and 2,400 square feet of improved commercial space.

Project Details

Loan Recipient
Downtown Development Authority of Augusta

Sub-Recipient
N/A

Project Cost
$484,452

GCF Loan Amount
$193,780

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