Augusta, 912 Ellis Street

Closing Date: October 29, 2015
In October 2015, GCF provided a $216,500 loan to the Augusta DDA to partially finance the renovation of a historic building located at 912 Ellis Street in downtown Augusta. The DDA provided a simultaneous loan to Mark Donahue, the project’s developer. The completed project houses nineteen residential apartments. The total project cost is $1,314,500.

Project Details

Loan Recipient
Augusta DDA

Sub-Recipient
Mark Donahue

Project Cost
$1,314,500

GCF Loan Amount
$216,500

DD RLF Loan Amount, if any
N/A

Project Use
Residential Apartments
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