Macon-Bibb County, Telephone Exchange Building

Closing Date: July 23, 2007
On July 23, 2007, the Georgia Cities Foundation closed a $250,000 loan to the Macon-Bibb County Urban Development Authority for the rehabilitation of the former Telephone Exchange building in downtown Macon. Upon completion, the project into result in seven residential condominiums and two commercial condominiums.

Project Details

Loan Recipient
Macon-Bibb County Urban Development Authority

Sub-Recipient
Gerhardt Properties, LLC

Project Cost
$1,300,000

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
N/A

Project Use
Residential/Commercial
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