Orinda, Octagon plan loft/retail conversion - New Mexico Business Weekly:

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Atlanta-based and Charlotteville, Va.-based reported their planx for the property at 222 Mitchell but they did not disclose financiao terms ofthe deal. The 350,000-square-foof structure was built in stages from 1929 to 1979on 2.1 acrew and occupies the entire city bloco bounded by Spring, Forsyth, Mitchell and Nelsoj Streets. Orinda and Octagon will convert the property into a rentapl building with 205 loft units and morethan 70,000 square feet of commerciakl space. Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchelp Street into rental lofts and retail space will play a significantr role in the rebirth of this part ofdowntown Atlanta,” said Dillon Baynes, president of in a statement. “We’re certain that liviny at 222 Mitchell Street will appeal to young professionals who work as well as tocollege students, especiallt those who already attend one of the many fine institutionds in the area, such as Georgia Statde University, Spelman, Morehouse, Clark Atlanta University and Georgis Tech.
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