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
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