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Avondale Estates, Brewkraft L.L.C.
Closing Date: August 13, 2019
On August 13, 2019, the Foundation provided a $250,000 loan to the Downtown Development Authority of Avondale Estates to assist in constructing an infill building located at 2866 Washington Street and 165 Pine Street in downtown Avondale Estates. The Authority provided a simultaneous loan to Brewkraft L.L.C., the project's developer. The completed project houses a craft brewery, The Lost Druid. Fifth Third Bank and the Georgia Department of Community Affairs also provided financing for the project.
Project Details
Loan Recipient
Downtown Development Authority of Avondale Estates
Sub-Recipient
Brewkraft L.L.C.
Project Cost
$2,395,538
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
$250,000
Project Use
Craft Brewery
After
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