Valdosta, 110-114 West Hill Avenue

Closing Date: December 15, 2014
In December 2014, the Foundation provided a $250,000 loan to the Central Valdosta Development Authority for the renovation of the historic Cranford Building located at 110-114 West Hill Avenue in downtown Valdosta. The Georgia Department of Community Affairs also provided a $250,000 loan for this project. The completed project houses three street-level commercial spaces and eleven residential apartments. The total project cost is $2,269,040.

Project Details

Loan Recipient
Central Valdosta Development Authority

Sub-Recipient
West Hill Avenue Properties, LLC

Project Cost
$2,269,040

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
$250,000

Project Use
Mixed-Use
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