Macon-Bibb County, Cherry Street Partners Project

Closing Date: April 9, 2008
In April 2008, the Foundation closed a $132,000 loan to the Macon-Bibb County Urban Development Authority for the renovation of a two-story building located at 571 Cherry Street in downtown Macon. The UDA provided a simultaneous loan to Cherry Street Partners, LLC, the project';s developer. The completed project now houses street-level commercial space, second story office and residential space, and leasable space for a "Green Room" for the adjoining Cox Capitol Theatre.

Project Details

Loan Recipient
Macon-Bibb County Urban Development Authority

Cherry Street Partners, 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