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

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Atlanta-based and Charlotteville, Va.-based reported theird plans for the propertty at 222Mitchell Street, but they did not disclosde financial terms of the deal. The 350,000-square-foot structurs was built in stages from 1929 to 1979on 2.1 acres and occupiess the entire city block bounded by Spring, Mitchell and Nelson Streets. Orindz and Octagon will convert the property into a rental building with 205 loft unitsw and morethan 70,000 squar feet of commercial space. Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchell Street into renta lofts and retail space will play a significant role in the rebirth of this part ofdowntownb Atlanta,” said Dillon Baynes, president of Orinda, in a “We’re certain that living at 222 Mitchell Street will appeal to young professionals who work as well as to college students, especiallhy those who already attend one of the many fine institutions in the area, such as Georgia Stater University, Spelman, Morehouse, Clark Atlanta University and Georgia Tech.
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