Waycross, Kress Building Renovation

Closing Date: March 28, 2002
The Foundation provided a $125,000 loan in March 2002 for the acquisition and renovation of the two-story historic Kress Building in downtown Waycross. The first floor houses a real estate office, while the second floor will be renovated for residential uses.

Project Details

Loan Recipient
Downtown Waycross Development Authority

Sub-Recipient
Doris B. Germano

Project Cost
$300,000

GCF Loan Amount
$125,000

DD RLF Loan Amount, if any
$125,000

Project Use
Office/Residential
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