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Macon-Bibb County, Garbutt-Belote Project
Closing Date: January 27, 2009
On January 27, 2009, the Foundation provided a $188,000 loan to the Macon-Bibb County Urban Development Authority for the rehabilitation of property located at 617 Cherry Street in downtown Macon. The completed project now houses a street-level commercial space and two upper-level loft apartments.
Project Details
Loan Recipient
Macon-Bibb County Urban Development Authority
Sub-Recipient
Garbutt-Belote, LLC
Project Cost
$534,220
GCF Loan Amount
$188,000
DD RLF Loan Amount, if any
N/A
Project Use
Mixed-Use
After
Before
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