Monroe, LR Burger

Closing Date: December 5, 2019
On December 5, 2019, the Foundation provided a $211,439 loan to the Downtown Development Authority of the City of Monroe to assist in partially financing the acquisition and build-out of a commercial building located at 202 E. Spring Street in downtown Monroe. The Authority provided a simultaneous loan to Pimento Investments, LLC, the project's developer. The completed project houses a restaurant, LR Burger.

Project Details

Loan Recipient
Downtown Development Authority of the City of Monroe

Pimento Investments, LLC

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
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