Sylvester, Hal Carter Rental Project

Closing Date: June 28, 2013
In June 2013, the Foundation provided an $80,000 loan to the Sylvester DDA to partially finance the acquisition of six neglected commercial buildings in downtown Sylvester. The DDA provided a simultaneous loan to Hal Carter Rental, LP, the project's developer. The completed project will house leasable commercial spaces.

Project Details

Loan Recipient
Sylvester DDA

Sub-Recipient
Hal Carter Rental, LP

Project Cost
$120,000

GCF Loan Amount
$80,000

DD RLF Loan Amount, if any
N/A

Project Use
Leasable Commercial Space
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