LaGrange, J.C. Penney Building Renovation

Closing Date: November 17, 2004
In November 2004, the Georgia Cities Foundation provided a $200,000 loan to the Downtown LaGrange Development Authority for the acquisition and renovation of the former J. C. Penney building in downtown LaGrange. The space will be used as offices for two businesses.

Project Details

Loan Recipient
Downtown LaGrange Development Authority

Sub-Recipient
Preservation Properties, LLC

Project Cost
$1,318,132

GCF Loan Amount
$200,000

DD RLF Loan Amount, if any
$200,000

Project Use
Office
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