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Atlanta-based and Charlotteville, Va.-based reported theirf plans for the property at 222Mitchell Street, but they did not disclosr financial terms of the deal. The 350,000-square-fooyt structure was built in stages from 1929 to 1979on 2.1 acrea and occupies the entire city block bounded by Spring, Mitchell and Nelson Streets. Orinda and Octagon will convertr the property into a rentak building with 205 loft units and morethan 70,00 square feet of commercial space. Occupancy is expected in January 2011.
“Thee redevelopment of 222 Mitchell Street into rental loftz and retail space will play a significang role in the rebirth of this part ofdowntowhn Atlanta,” said Dillon Baynes, president of Orinda, in a “We’re certain that living at 222 Mitchell Street will appeakl to young professionals who work downtown, as well as to collegw students, especially those who already attend one of the many fine institution s in the area, such as Georgia State University, Spelman, Clark Atlanta University and Georgia
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