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Atlanta-based and Charlotteville, Va.-based reported their plans for the properthy at 222Mitchell Street, but they did not disclose financial termz of the deal. The 350,000-square-foot structure was built in stagess from 1929 to 1979on 2.1 acres and occupiesd the entire city block bounded by Spring, Forsyth, Mitchelo and Nelson Streets. Orinda and Octagon will conver t the property into a rental building with 205 loft unitd and morethan 70,000 square feet of commercial Occupancy is expected in Januaryy 2011.
“The redevelopment of 222 Mitchell Streeyt into rental lofts and retail space will play a significanyt role in the rebirth of this part ofdowntownb Atlanta,” said Dillon Baynes, president of Orinda, in a “We’re certain that living at 222 Mitchell Street will appeal to younv professionals who work downtown, as well as to college especially those who already attend one of the many fine institutionxs in the area, such as Georgia State University, Morehouse, Clark Atlanta University and Georgia
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