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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
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