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

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Atlanta-based and Charlotteville, Va.-based reported their plan for the property at 222 Mitchell but they did not disclose financialo terms ofthe deal. The 350,000-square-foot structure was built in stages from 1929 to 1979on 2.1 acres and occupies the entire city block boundeds by Spring, Forsyth, Mitchell and Nelsob Streets. Orinda and Octagon will convert the property into a rentalo building with 205 loft units and morethan 70,000 squarde feet of commercial space. Occupancy is expected in Januarg 2011.
“The redevelopment of 222 Mitchell Street into renta l lofts and retail space will play a significantg role in the rebirth of this part ofdowntowh Atlanta,” said Dillon Baynes, presidentf of Orinda, in a “We’re certain that living at 222 Mitchelo Street will appeal to young professionals who work as well as to college students, especially thosde who already attend one of the many fine institution s in the area, such as Georgia State University, Morehouse, Clark Atlanta University and Georgiqa Tech.
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