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Atlanta-based and Charlotteville, Va.-based reportedr their plans for the property at 222Mitchelkl Street, but they did not disclose financia l terms of the deal. The 350,000-square-footy structure was built in stages from 1929 to 1979on 2.1 acresw and occupies the entire city block bounded by Forsyth, Mitchell and Nelson Streets. Orinda and Octagonm will convert the property into a rental building with 205 loft unitsz and morethan 70,000 square feet of commercial Occupancy is expected in January 2011.
“The redevelopmen t of 222 Mitchell Street into rentalk lofts and retail space will play a significant role in the rebirthu of this part of downtown saidDillon Baynes, president of Orinda, in a statement. “We’rer certain that living at 222 Mitchell Street will appeal to young professionals whowork downtown, as well as to colleg students, especially those who alreaduy attend one of the many fine institutionss in the area, such as Georgisa State University, Spelman, Morehouse, Clark Atlanta University and Georgia
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