Milledgeville, 101 S. Wayne Street

Closing Date: March 26, 2015
In March 2015, the Foundation provided a $171,974 loan to the Downtown Development Authority of the City of Milledgeville for the acquisition and rehabilitation of a commercial building located at 101 South Wayne Street in downtown Milledgeville. The DDA provided a simultaneous loan to 101 S. Wayne, LLC, the project’s developer. The completed project houses three commercial businesses on the street-level and four lodging suites on the second floor. The Georgia Department of Community Affairs also provided financing for this project. The total project cost is $861,019.

Project Details

Loan Recipient
Downtown Development Authority of the City of Milledgeville

101 S. Wayne, LLC

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
Commercial and Lodging Suites
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