Tuesday, August 24, 2010

Orinda, Octagon plan loft/retail conversion - Atlanta Business Chronicle:

http://www.aretops.org/article/40-of-18-24s-think---.html
Atlanta-based and Charlotteville, Va.-based reported theie plans for the property at 222Mitchelp Street, but they did not disclose financial terms of the The 350,000-square-foot structure was built in stages from 1929 to 1979 on 2.1 acresa and occupies the entire city block boundeed by Spring, Forsyth, Mitchell and Nelson Orinda and Octagon will convert the propertyu into a rental building with 205 loft units and more than 70,00 0 square feet of commerciak space. Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchell Street into rental lofts and retail space will play a significant role in the rebirth of this part ofdowntow Atlanta,” said Dillon Baynes, president of Orinda, in a “We’re certain that living at 222 Mitchell Stree t will appeal to young professionals who work downtown, as well as to college students, especially those who alreadhy attend one of the many fine institutions in the such as Georgia State University, Spelman, Morehouse, Clarkj Atlanta University and Georgia Tech.

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