Projects

Augusta, J.B. White's Department Store

Closing Date: December 18, 2007
In December 2007, the Foundation provided a $250,000 loan to the Augusta Downtown Development Authority for the renovation of the former J.B. White's department store in downtown Augusta.

Project Details

Loan Recipient
Augusta Downtown Development Authority

Sub-Recipient
Whites Building, LLC

Project Cost
$5,139,500

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
N.A.

Project Use
Office/Retail/Residential
After
Before
Foundation Project Impacts
335 New Downtown Businesses
2196 New Jobs Downtown
$208 Million in Private Investments
8 Cultural Facilities
347 Downtown Housing Units
157 Hotel Units Downtown
1,600,000 Redevelopment Floor Area sf
229,000 New Construction sf