Search for:
About
Board of Directors
Staff
Contribute
Programs & Services
Revolving Loan Fund
Georgia Downtown Renaissance Partnership Programs
Renaissance Strategic Visioning & Planning (RSVP) Program
Downtown Renaissance Fellows Program
Georgia Economic Placemaking Collaborative
Heart & Soul Downtown Workshop
Awards
The Development Sessions
Projects
Search
Projects
Covington, City Pharmacy
Closing Date: May 3, 2018
On May 3, 2018, GCF provided a $250,000 loan to the City of Covington Downtown Development Authority for the renovation of a commerical building located at 1105 Church Street in downtown Covington. The Authority provided a simultaneous loan to City Concept Group Ltd. Co., the project's developer. The completed project houses an upscale restaurant, City Pharmacy. The restaurant bears the name of the pharmacy that was located in this building for many decades.
Project Details
Loan Recipient
City of Covington Downtown Development Authority
Sub-Recipient
City Concept Group Ltd. Co.
Project Cost
$1,621,776
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
$250,000
Project Use
Restaurant
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