Augusta, Mullis Project

Closing Date: November 25, 2008
On November 25, 2008, the Foundation provided a $53,000 loan to the Augusta DDA for the renovation of a historic building located at 428 Fifth Street in downtown Augusta. The completed project will house a street-level retail space and an upper-level apartment.

Project Details

Loan Recipient
Augusta Downtown Development Authority

Sub-Recipient
Robert and Kathy Mullis

Project Cost
$195,000

GCF Loan Amount
$53,000

DD RLF Loan Amount, if any
N/A

Project Use
Retail/Residential
After
Before
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