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

Mark Donahue

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
Residential Apartments
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