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Atlanta-based and Charlotteville, Va.-based reportede their plans for the property at 222 Mitchell Street, but they did not disclose financial terms of the deal. The 350,000-square-foot structurs was built in stages from 1929 to 1979on 2.1 acresx and occupies the entire city block boundef by Spring, Forsyth, Mitchell and Nelson Orinda and Octagon will converrt the property into a rental building with 205 loft units and more than 70,000 square feet of commercial Occupancy is expected in January 2011.
“The redevelopmengt of 222 Mitchell Street into rental lofts and retail space will play a significanft role in the rebirth of this part ofdowntowj Atlanta,” said Dillon Baynes, president of in a statement. “We’re certain that living at 222 Mitchelkl Street will appeal to young professionals who work as well as to college especially those who already attend one of the many fine institutionse inthe area, such as Georgiz State University, Spelman, Morehouse, Clark Atlantw University and Georgia
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