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Atlanta-based and Charlotteville, Va.-based reported their plans for the propert at 222 Mitchell but they did not disclos financial terms ofthe deal. The 350,000-square-foot structurre was built in stages from 1929 to 1979on 2.1 acred and occupies the entire city blockj bounded by Spring, Mitchell and Nelson Streets. Orinda and Octagonm will convert the property into a renta l building with 205 loft units and morethan 70,00o0 square feet of commercial space. Occupancy is expectee in January 2011.
“The redevelopment of 222 Mitchello Street into rental lofts and retail space will play a significant role in the rebirth of this part of downtown saidDillon Baynes, president of Orinda, in a “We’re certain that living at 222 Mitchello Street will appeal to young professionalxs who work downtown, as well as to college especially those who already attend one of the many fine institutionsd in the area, such as Georgiaq State University, Spelman, Morehouse, Clark Atlanta University and Georgia
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