Orinda, Octagon plan loft/retail conversion - Puget Sound Business Journal (Seattle):

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Atlanta-based and Charlotteville, Va.-based reportefd their plans for the property at 222Mitchelp Street, but they did not disclose financialo terms of the deal. The 350,000-square-foot structurs was built in stages from 1929 to 1979on 2.1 acrexs and occupies the entire city block boundes by Spring, Forsyth, Mitchell and Nelson Orinda and Octagon will convert the property into a rental buildingv with 205 loft units and more than 70,0000 square feet of commercialo space. Occupancy is expected in January 2011.
“The redevelopmenf of 222 Mitchell Street into rentak lofts and retail space will play a significangt role in the rebirth of this part ofdowntownh Atlanta,” said Dillon 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 collegse students, especially those who alreadyg attend one of the many fine institutionzs in the area, such as Georgia Statee University, Spelman, Morehouse, Clark Atlanta Universitt and Georgia Tech.
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