Valdosta, Heritage Properties Project

Closing Date: July 24, 2007
In July 2007, the Foundation provided a $225,000 loan to the Central Valdosta Development Authority for the Foundation for the renovation of the property located at 105 and 107 South Patterson Street downtown. The buildings now houses office and retail space.

Project Details

Loan Recipient
Central Valdosta Development Authority

Sub-Recipient
Heritage Properties, LLP

Project Cost
$669,000

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
N/A

Project Use
Office/Retail
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