Covington, Mystic Grill

Closing Date: June 5, 2014
In June 2014, GCF closed a $250,000 loan to the Covington DDA to assist in financing the acquisition and renovation of a building located on Clark Street in downtown Covington for use as a restaurant, Mystic Grill. Since 2010, this building has been featured as the fictitious Mystic Grill restaurant in the television series “The Vampire Diaries.” The Georgia Department of Community Affairs (DCA) also provided financing for the project. The total project cost is $1,795,000.

Project Details

Loan Recipient
Sparrow Properties

Sub-Recipient
2 by 4 Holdings, LLC

Project Cost
$1,795,000

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any

Project Use
Mystic Grill Restaurant
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