Blue Ridge, Hampton Square

Closing Date: March 14, 2003
The Foundation provided a $179,000 loan in March 2003 to assist in the acquisition and renovation of a historic building in downtown Blue Ridge. The facility, known as Hampton Square, houses retail shops, offices, a restaurant, a 132-seat community theatre, and a processing facility for alpaca fibers.

Project Details

Loan Recipient
Fannin County Industrial Development Authority

Sub-Recipient
Blue Ridge Mountain Holdings, LLC

Project Cost
$1,145,000

GCF Loan Amount
$179,000

DD RLF Loan Amount, if any
$179,000

Project Use
Retail/Office/Restaurant/Community Theatre/Alpaca Processing Facility
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