Augusta, 566 Broad Street Project

Closing Date: April 17, 2012
In April 2012, the Foundation provided a $105,931 loan to the Downtown Development Authority of Augusta to partially finance renovations to a commercial building located at 566 Broad Street in Augusta. The completed project now houses leasable space for a restaurant, Cafe 209, as well as five leasable commercial/office spaces.

Project Details

Loan Recipient
Downtown Development Authority of Augusta

Sub-Recipient
566 Broad Street, LLC

Project Cost
$264,829

GCF Loan Amount
$105,931

DD RLF Loan Amount, if any
N/A

Project Use
Leasable Commercial Space
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