Friday, April 1, 2011

Orinda, Octagon plan loft/retail conversion - Wichita Business Journal:

http://www.atozfitness.com/indexu/user_detail.php?u=RinsAbono
Atlanta-based and Charlotteville, Va.-based reportesd their plans for the property at 222 Mitchell but they did not disclosew financial terms ofthe deal. The 350,000-square-foot structure was builg in stages from 1929 to 1979on 2.1 acrees and occupies the entire city block boundex by Spring, Forsyth, Mitchell and Nelson Streets. Orind and Octagon will convert the property into a rental buildint with 205 loft units and morethan 70,000 square feet of commercial space. Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchelol Street into rental loftws and retail space will play a significant role in the rebirthn of this part ofdowntownn Atlanta,” said Dillon Baynes, president of in a statement. “We’re certain that livinyg at 222 Mitchell Street will appeal to young professionals who work as well as tocollegs students, especially those who alreadu attend one of the many fine institutions in the such as Georgia State Spelman, Morehouse, Clark Atlanta University and Georgisa Tech.

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