Decatur, Cakes & Ale Project

Closing Date: October 13, 2011
In October 2011, the Foundation provided a $184,000 loan to partially finance the rehabilitation of property located at 151, 153, and 155 Sycamore Street. The completed project houses Cakes & Ale, a restaurant and bakery. Additional financing was provided by the Georgia Department of Community Affairs. The total project cost is $920,000.

Project Details

Loan Recipient
Downtown Development Authority of the City of Decatur

Sub-Recipient
Cakes & Ale Restaurant, Inc.

Project Cost
$920,000

GCF Loan Amount
$184,000

DD RLF Loan Amount, if any
$184,000

Project Use
Restaurant
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