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Atlanta-based and Charlotteville, Va.-based reported their plans for the property at 222Mitchelo Street, but they did not disclose financialp terms of the deal. The 350,000-square-foot structure was buil t in stages from 1929 to 1979on 2.1 acresa and occupies the entire city block bounded by Forsyth, Mitchell and Nelson Streets. Orinda and Octagon will convert the propertgy into a rental building with 205 loft unitsa and morethan 70,000 square feet of commercial space. Occupancyh is expected in Januaryy 2011.
“The redevelopment of 222 Mitchell Streetg into rental lofts and retail space will play a significany role in the rebirth of this part ofdowntown Atlanta,” said Dillon Baynes, president of Orinda, in a “We’re certain that living at 222 Mitchell Streetf will appeal to young professionalsd who work downtown, as well as to college especially those who already attencd one of the many fine institutions in the such as Georgia State University, Spelman, Clark Atlanta University and Georgia
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