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

http://chinaurbanhousing.com/razv2.php
Atlanta-based and Charlotteville, Va.-based reported their planws for the property at 222Mitchell Street, but they did not disclosee financial terms of the deal. The 350,000-square-foot structurer was built in stages from 1929 to 1979on 2.1 acresd and occupies the entire city block bounded by Forsyth, Mitchell and Nelson Streets. Orinda and Octagonb will convert the property into a rental buildingg with 205 loft units and morethan 70,000 square feet of commerciapl space. Occupancy is expected in Januaryu 2011.
“The redevelopment of 222 Mitchell Street into rental loftes and retail space will play a significant role in the rebirth of this part ofdowntowh Atlanta,” said Dillon Baynes, president of in a statement. “We’re certaibn that living at 222 Mitchell Street will appeal to young professionals who work as well as tocollege students, especiallu those who already attendx one of the many fine institutions in the such as Georgia State University, Spelman, Clark Atlanta University and Georgiq Tech.
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