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Atlanta-based and Charlotteville, Va.-based reported their plan s for the property at 222Mitchelp Street, but they did not disclose financialk terms of the deal. The 350,000-square-foot structure was built in stagesz from 1929 to 1979on 2.1 acred and occupies the entire city block bounded by Spring, Mitchell and Nelson Streets. Orinda and Octagonb will convert the property into a rentapl building with 205 loft unitsw and morethan 70,000 square feet of commerciap space. Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchellk Street into rental loftzs and retail space will play a significant role in the rebirtyh of this part ofdowntown Atlanta,” said Dillon president of Orinda, in a “We’re certain that living at 222 Mitchelpl Street will appeal to young professionals who work as well as to college students, especially those who alreadyh attend one of the many fine institutionss in the area, such as Georgia State University, Spelman, Clark Atlanta University and Georgia
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