Thursday, February 17, 2011

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

http://icscontrolplus.com/articles/getagrip.php
Atlanta-based and Charlotteville, Va.-based reported thei r plans for the property at 222Mitchell Street, but they did not disclosre financial terms of the The 350,000-square-foot structure was built in stages from 1929 to 1979 on 2.1 acrees and occupies the entire city block bounded by Forsyth, Mitchell and Nelson Orinda and Octagon will convert the property into a rental building with 205 loft units and more than 70,000 square feet of commercial Occupancy is expected in January 2011.
“Thew redevelopment of 222 Mitchell Street into rentakl lofts and retail space will play a significangt role in the rebirtu of this part ofdowntown Atlanta,” said Dillon president of Orinda, in a statement. “We’re certaimn that living at 222 Mitchell Street will appeal to younfg professionals who work as well as to college students, especially those who already attenrd one of the many fine institutionzs in the area, such as Georgi State University, Spelman, Morehouse, Clark Atlanta University and Georgi Tech.

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