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

566 Broad Street, LLC

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
Leasable Commercial Space
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