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Announced
June 2009-
This development is located right behind
this property on Trinity Avenue.
Future Potential is UNBELIEVABLE!
Two real estate developers have bought the former
NationsBank/Bank of America Operations Center
in downtown Atlanta and plan to convert it into
lofts and retail space.
Atlanta-based Orinda Corp. and Charlotteville,
Va.-based Octagon Capital Partners reported their
plans for the property at 222 Mitchell Street,
but they did not disclose financial terms of the deal.
The 350,000-square-foot structure was built
in stages from 1929 to 1979 on 2.1 acres
and occupies the entire city block bounded by
Spring, Forsyth, Mitchell and Nelson Streets.
Orinda and Octagon will convert the property
into a rental building with 205 loft units and
more than 70,000 square feet of commercial 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 of downtown Atlanta,”
said Dillon Baynes, president of Orinda,
in a statement.
“We’re certain that living at 222 Mitchell Street
will appeal to young professionals who work downtown,
as well as to college students,
especially those who already attend
one of the many fine institutions in the area,
such as Georgia State University, Spelman,
Morehouse, Clark Atlanta University
and Georgia Tech.”
The larger Shaded Red Area is the New Development,
The smaller Shaded Red Area
indicated this property for Sale.
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