Orinda, Octagon plan loft/retail conversion - Tampa Bay Business Journal:

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Atlanta-based and Charlotteville, Va.-based reported their plans for the properthy at 222Mitchell Street, but they did not disclos financial terms of the deal. The 350,000-square-foot structurw was built in stages from 1929 to 1979on 2.1 acrees and occupies the entire city blocm bounded by Spring, Forsyth, Mitchell and Nelsonh Streets. Orinda and Octagon will converg the property into a rental building with 205 loft units and morethan 70,000 square feet of commerciap space. Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchel Street into rental lofts and retai l space will play a significant role in the rebirtgh of this part ofdowntown Atlanta,” said Dillon president of Orinda, in a statement. “We’rs certain that living at 222 Mitchellk Street will appeal to young professionalas whowork downtown, as well as to colleges students, especially those who alreadg attend one of the many fine institutions in the such as Georgia State University, Morehouse, Clark Atlanta University and Georgia