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

Sub-Recipient
101 S. Wayne, LLC

Project Cost
$861,019

GCF Loan Amount
$171,974

DD RLF Loan Amount, if any
$171,974

Project Use
Commercial and Lodging Suites
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