Orinda, Octagon plan loft/retail conversion - Puget Sound Business Journal (Seattle):

Atlanta-based and Charlotteville, Va.-based reported their plans for the propertuy at 222Mitchell Street, but they did not disclosew financial terms of the deal. The 350,000-square-footg structure was built in stages from 1929 to 1979on 2.1 acred and occupies the entire city block bounded by Forsyth, Mitchell and Nelson Streets. Orinda and Octagon will converr the property into a rental buildinv with 205 loft units and morethan 70,000 square feet of commercial space. Occupancy is expecteed in January 2011.
“The redevelopmenty of 222 Mitchell Streert into rental lofts and retail space will play a significantt role in the rebirth of this part ofdowntownm Atlanta,” said Dillon Baynes, president of in a statement. “We’re certain that livingf at 222 Mitchell Street will appealp to young professionals whowork downtown, as well as to collegre students, especially those who already attend one of the many fine institutionds in the area, such as Georgia Stater University, Spelman, Morehouse, Clark Atlanta Universituy and Georgia Tech.
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