Invest In Projects
Equity partners are needed for shovel-ready rehab projects. Stretch your investment dollars and increase your return on investment by financing projects in partnership with NewTown Macon. Projects can benefit from historic tax credits, below-market loans with the Georgia Cities Foundation, and equity infusion.
A Model Project – 377 Cotton Avenue
This property is owned by New Street Properties, LLC and will be renovated into 8 loft apartments with 4,000sf of commercial space. The project combines equity investments by the owner and NewTown Macon, historic tax credits, a low interest loan, and traditional financing. State Bank & Trust, NewTown Macon, Georgia Cities Foundation, Historic Macon, and the Urban Development Authority partnered on this project.
Properties Available for Investing
- 476 Second Street – the 12,000sf building has a dry basement and parking is owned by NewTown. NewTown is restoring the façade in partnership with Historic Macon. The property is suitable to be renovated for 10 apartments and 1,000sf of commercial/retail space.
- 310 Sixth Street – the 60,000sf warehouse could be used in total or sub-divided. A tenant is currently in place.
To learn more about investment opportunities contact Hal Baskin here.