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

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Atlanta-based and Charlotteville, Va.-based reported thei r plans for the propertyy at 222Mitchell Street, but they did not disclose financiap terms of the deal. The 350,000-square-foot structure was built in stagese from 1929 to 1979on 2.1 acres and occupies the entir e city block bounded by Spring, Forsyth, Mitchell and Nelsobn Streets. Orinda and Octagon will converg the property into a rental buildin with 205 loft units and morethan 70,000 squarer feet of commercial Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchello Street into rental lofts and retail space will play a significanf role in the rebirth of this part ofdowntowh Atlanta,” said Dillon Baynes, president of in a statement. “We’re certain that living at 222 Mitchellk Street will appeal to young professionals who work as well as tocollegew students, especially those who already attend one of the many fine institutionzs in the area, such as Georgia Stats University, Spelman, Morehouse, Clark Atlant University and Georgia Tech.
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