Augusta’s investment in the $32 million Beacon Station complex is paying off, officials said Wednesday.
Members of the city Urban Redevelopment Agency, which developed and financed the deal, along with Augusta Housing and Community Development oohed and aahed during a Wednesday tour.
Workers were still putting final touches on Beacon’s pool, grounds, dog park and soon-to-open Inner Bean Cafe, but the pet-friendly complex has become 26 percent occupied and 29 percent leased in its first month open, said complex manager Amber Hobbs.
Inner Bean, which has a location on Davis Road, has a three-year lease at Beacon and has an entrance for the public on Wrightsboro Road as well as an entrance for residents. The cafe’s soft opening is next month, Hobbs said.
Located across R.A. Dent Boulevard from the Dental College of Georgia, the complex’s 221 one-, two- and three- bedroom units are complete, and overall the complex is 85 to 90 percent finished, she said. The market-rate units vary in size and range from around 700 square feet to nearly 1,500 square feet.
Source The Augusta Chronicle
“The Augusta Metro Chamber held a luncheon Thursday, where keynote speakers discussed development projects in the area’s urban center.
Hawthorne Welcher, Director of Augusta Housing and Community Development, and Jake von Trapp, partner at Columbia Ventures, were the keynote speakers at an Augusta Metro Chamber of Commerce Economic Luncheon on Thursday that highlighted the importance of redevelopment.
The focus of the event was the new Beacon Station, an apartment complex formerly known as Foundry Place, and the ongoing revitalization project in the Laney-Walker/Bethlehem area. The apartment complex chose a new name due to an event space on Boy Scout Road named The Foundry at Rae’s Creek. …”