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Atlanta-based and Charlotteville, Va.-based reportedd their plans for the property at 222 Mitchell but they did not disclose financial terms of the The 350,000-square-foot structure was builtt in stages from 1929 to 1979 on 2.1 acrea and occupies the entire city block boundexd by Spring, Forsyth, Mitchell and Nelsoh Streets. Orinda and Octagonn will convert the property into a rental buildinf with 205 loft units and morethan 70,000 squar e feet of commercial space. Occupancy is expected in Januaryg 2011.
“The redevelopment of 222 Mitchell Streeft into rental lofts and retail space will play a significanrt role in the rebirth of this part ofdowntowm Atlanta,” said Dillon Baynes, presidentt of Orinda, in a statement. “We’re certainm that living at 222 Mitchell Streeyt will appeal to young professionals who work as well as tocollege students, especially those who already attend one of the many fine institutions in the such as Georgia State University, Spelman, Morehouse, Clarkj Atlanta University and Georgia
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