Decatur, Savi Provisions

Closing Date: July 19, 2018
On July 19, 2018, GCF provided a $250,000 loan to the Downtown Development Authority of the City of Decatur to assist with the redevelopment of leasable commercial space at 180 West Ponce de Leon Avenue in Downtown Decatur. The DDA provided a simultaneous loan to Savi@Ponce West, LLC, the project's developer. The completed project houses an urban market and package store, Savi Provisions. Ameris Bank was the project's senior lender.

Project Details

Loan Recipient
Downtown Development Authority of the City of Decatur

Sub-Recipient
Savi@Ponce West, LLC

Project Cost
$1,050,000

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
N/A

Project Use
Urban Market and Package Store
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