DOCSLIB.ORG

The Abberley at Ingleside 81 Units | Macon, Ga

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Abberley at Ingleside 81 Units | Macon, Ga THE ABBERLEY AT INGLESIDE 81 UNITS | MACON, GA Significant Interior Renovation in Expanding Macon Economy THE ABBERLEY AT INGLESIDE 2140 INGLESIDE AVENUE | MACON, GA Confidentiality & Disclaimer The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Kirkland Company and should not be made available to any other person or entity without the written consent of The Kirkland Company. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level TABLE OF CONTENTS of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Kirkland Company has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or Property Overview .............................................................................................04 business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Kirkland Company has not verified, and will not verify, any of the information contained herein, nor has The Kirkland Company conducted any investigation regarding these matters and makes no warranty or Investment Rationale .........................................................................................11 representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Location Overview .............................................................................................25 ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR KIRKLAND COMPANY AGENT FOR MORE DETAILS. Financial Analysis ..............................................................................................35 Rent Comparables .............................................................................................39 TKC Assigned Listing Agents William Kirkland Managing Partner [email protected] Tim Ellrich Managing Partner [email protected] 5141 Virginia Way, STE 320 | Brentwood, TN 37027 T: 615.690.3001 | F: 615.523.4990 2 3 EXTERIOR 4 5 INTERIOR 6 7 OFFERING SUMMARY THE ABBERLEY AT INGLESIDE THE ABBERLEY SITE AT INGLESIDE Number of Units 81 Rentable Square Feet 75,825 Average SF Per Unit 936 # of Apartment Buildings 11 Year Built 1947 Macon Acreage 10.64 Density (Units Per Acre) 7.61 Property Address 2140 Ingleside Avenue UNIT BREAKDOWN Type Units Unit SF Total SF 1BD/1BA 16 850 13,600 2BD/1BA 51 925 47,175 3BD/1BA 14 1,075 15,050 Total/Avgs 81 936 75,825 CONSTRUCTION & UTILITIES Exterior Brick / Siding Roof Pitched / Shingles Parking Surface Asphalt THE ABBERLEY AT INGLESIDE Electricity Georgia Power Company Water & Sewer Macon Water Authority 8 9 INVESTMENT RATIONALE 10 11 INVESTMENT RATIONALE MASSIVE INTERIOR RENOVATION UNDERWAY: Current ownership has recently invested roughly $1.3-$1.4 million in both interior and exterior renovations. Exterior renovations include new windows and doors as well as investments in the property’s concrete, paint, roofs, fascia, lighting, and electrical. Interior The Abberley at Ingleside is an 81-unit multifamily community in Macon, GA. Current ownership has recently renovations include new plumbing, electrical, HVAC, water heaters, cabinets, bathrooms, floors, lighting, renovated 60 of these units, while the remaining 21 are currently being renovated. Additionally, new ownership will appliances, and paint. have the potential to increase leasing activity by enhancing the property’s online presence. INCREASED WEB PRESENCE & PROPERTY BRAND: Currently, the subject property is difficult Macon is showing healthy signs of growth in its economy as well as its multifamily segment, with 3 recent job to search for online, returning inaccurate or incomplete information regarding the property’s name and location. New ownership will have the potential to increase the property’s web visibility in order to drive announcements & expansions in its industrial sector in addition to positive rental growth. It also features a growing leasing activity. retail area, highlighted by a new shopping center that is set to open this year. Macon is also home to a wide array of historic landmarks and entertainment venues, and the combination of Macon’s job market, retail segment, and EXPANDING INDUSTRIAL SECTOR: In South Macon, roughly 2 million square feet of industrial entertainment options provide its residents a high quality of life. development is either underway, nearing completion, or recently completed. The three companies expanding its presence are: • Amazon - Opened Summer 2018 / 500 jobs • Tyson Foods - $59 million investment / 100 jobs • Irving Consumer Products - $400 million / 700,000 SF / 200 jobs ROBUST & GROWING RETAIL CORRIDOR: Northwest Macon features two significant retail developments: • The Shoppes at River Crossing - 750,000 SF, 67-acre shopping center anchored by Dillard’s, Belk, Barnes & Noble, DSW, Dick’s Sporting Goods, H&M, PetSmart, & Ulta • North Macon Plaza - 166,465 SF (anticipated opening in Fall 2019) anchored by Old Navy, Michael’s, Marshalls, HomeGoods, & Bealls MACON’S RICH HISTORY & ENTERTAINMENT: Macon is home to several venues and museums that highlight the city’s rich history & entertainment options. These include: • Macon Coliseum - 9,252-seat venue • Georgia Sports Hall of Fame - 43,000 SF • Tubman Museum - Founded in 1981, reconstructed in 2015 • Allman Brothers Museum - Opened in 2009 • Hay House - 24-bedroom Italian Renaissance Revival-style house POSITIVE MULTIFAMILY SUBMARKET INDICATORS: Asking Rent Growth, Vacancy, Absorption, & Sales Volume are all above historic averages, as shown below: • 12-Month Asking Rent Growth - 2.6% • Vacancy Rate - 8.5% • 12-Month Absorption Units - 372 • 5-Year Market Rent Growth - 14.47% 12 13 SIGNIFICANT INTERIOR RENOVATION UNDERWAY Current ownership has spent roughly $1.3-$1.4 million on renovations and improvements to the property’s exteriors, common areas, and interiors. Roughly 75% of the units have been renovated, while the remaining 21 units (as of the 1/18/19 rent roll) are currently being renovated. New ownership will benefit from this soon-to-be repositioned asset. EXTERIOR CAPX: New Windows New Doors Concrete Repair Paint $1.3 - $1.4 Roofs MILLION Fascia Parking Lighting IN CAPX Electrical SPENT INTERIOR CAPX: Plumbing Electrical HVAC Water Heaters Cabinets Bathrooms Floors Lighting Package Appliances Paint 14 15 INCREASE WEB New ownership will have the potential to increase the property’s web presence by PRESENCE solidifying the property’s brand as The Abberley at Ingleside. Instead of identifying the property by its address on Apartments.com, Apartment Finder, and Apartment Guide, new ownership can update and refresh these listings to further the property’s brand. The Abberley at Ingleside is located off Ingleside Avenue with close proximity to major thoroughfare Another option could include creating a property website to showcase the property’s Riverside Drive as well as I-75. Despite its visibility within Macon, the property is challenging to locate amenities, floor plans, directions, and photos. and contact via a web search. A Google search of the property returns different names such as ‘Ingleside Townhomes’ and ‘Regency Townhomes’ or identifies the property by its address. The same Google search also does not immediately bring up a location of the property. By making the property more visible to prospective tenants, new ownership will have the potential to drive leasing activity to the property. The property offers tenants a 5-10 minute drive into Downtown Macon and Mercer University, which could also present a strong selling point to tenants searching online. SUGGESTED: CREATE PROPERTY WEBSITE & APP TO LEGITIMIZE BRANDING (MOCK-UP WEBSITE) CURRENTLY: A GOOGLE SEARCH SHOWS THAT ABBERLY AT INGLESIDE IS NOT FOUND ON VARIOUS APARTMENT PLATFORMS (ACTUAL SCREENSHOT) 16 17 GROWING INDUSTRIAL SEGMENT In South Macon, roughly 2,000,000 SF of industrial real estate is underway, nearing completion, or recently opened. The three companies accounting for this transformation are described below: TYSON FOODS In June 2017, Tyson Foods announced it will invest $59 million into its distribution center that will add 152,000 square feet and 100 jobs with an anticipated opening in late 2018. AMAZON In October 2017, Amazon and the Macon-Bibb Industrial Authority announced a new facility was coming to south Macon. The facility opened in the Summer of 2018 and is in the process of hiring 500 positions. IRVING CONSUMER PRODUCTS In August 2017, Canada-based Irving Consumer Products announced it is investing $400 million into a 700,000 square foot tissue and paper towel manufacturing plant in South Macon that will create 200 jobs. The project is expected to be completed
Load more

Recommended publications
  • City of Macon Georgia 12-31-13
    CITY OF MACON, GEORGIA FINANCIAL REPORT FOR THE SIX MONTHS ENDED DECEMBER 31, 2013 Megan McMahon Director of Finance CITY OF MACON, GEORGIA FINANCIAL REPORT FOR THE SIX MONTHS ENDED DECEMBER 31, 2013 TABLE OF CONTENTS FINANCIAL SECTION Page Independent Auditor's Report ................................................................................................................................ 1 - 3 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ............................................................................................................................... 4 Statement of Activities .......................................................................................................................... 5 and 6 Fund Financial Statements: Balance Sheet – Governmental Funds .......................................................................................................... 7 Reconciliation of Governmental Fund Balances to the Government-Wide Statement of Net Position ............................................................................................. 8 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ....................................................................................................... 9 Reconciliation of the Statement of Revenues, Expenditures and Changes In Fund Balances of Governmental Funds to the Statement of Activities ............................................. 10 Statement of Revenues, Expenditures
    [Show full text]
  • Ocmulgee National Monument Visitor Center Historic Structure Report
    Ocmulgee National Monument Visitor Center Historic Structure Report December 2008 for Cultural Resoources Division Southeast Region, National Park Service by Joseph K. Oppermann - Architect, P.A. Winston-Salem, NC The historic structure report presented here exists in two formats. A traditional, printed version is available for study at the park, the Southeastern Regional Office of the NPS (SERO), and at a variety of other repositories. For more widespread access, the historic structure report also exists in a web-based format through ParkNet, the website of the National Park Service. Please visit www.nps.gov for more Cultural Resources information. Southeast Region National Park Service 100 Alabama St. SW Atlanta, GA 30303 2008 Historic Structure Report Visitor Center Ocmulgee National Monument LCS#: 091399 Cover image: Visitor Center, 2008 (photograph by author) THE VISITORS CENTER HISTORIC STRUCTURE REPORT Ocmulgee National Monument, Macon, GA Table of Contents TABLE OF CONTENTS MANAGEMENT SUMMARY Executive Summary…………………………………….....………………………..…..1 Administrative Data…………………………………………………………..…….…..3 PART I – DEVELOPMENTAL HISTORY A. Historical Background and Context……………………………………….. I.A.1-12 B. Chronology of Development and Use…………………………………....…I.B.1-40 C. Physical Description……………………………………………………….. I.C.1-73 PART II – TREATMENT & USE A. Ultimate Treatment & Use…………………………….………………..……II.A.1-3 B. Requirements for Treatment ………………………………………………....II.B.1-1 C. Alternatives for Treatment..………………………………...………………...II.C.1-2 D. Recommendations………………………………………………………….…II.D.1-2 REFERENCES APPENDICES A. Ocmulgee Superintendents B. Interview Transcripts C. 2008 As-found Measured Drawings D. Paint Analysis and Color Evaluation 2008 • JOSEPH K. OPPERMANN – ARCHITECT, P.A. • Page v THE VISITOR CENTER HISTORIC STRUCTURE REPORT Ocmulgee National Monument, Macon, GA Table of Contents 2008 • JOSEPH K.
    [Show full text]
  • The Massee Apartments 347 College Street, Macon, Georgia
    100% LEASED Designed by famed architect, Neel Reed and located in the heart of Law School Campus HISTORIC APARTMENT BUILDING FOR SALE Macon, Georgia The Massee Apartments 347 College Street, Macon, Georgia Brannen Goddard Commercial Real Estate Services, Worldwide. 404 812 4000 | F 404 816 3939 | www.naibg.com BRAD COOPER TODD ELLIS Suite 1100 | 5555 Glenridge Connector | Atlanta GA 30342 404 812 4042 404 812 4009 Information is deemed from reliable sources. No warranty is made as to its accuracy. [email protected] [email protected] TABLE OF CONTENTS Section One | Executive Summary Two | Property Overview Three | Location Summary Four | Appendix - Property Photos - Neel Reed, Architect - Demographics The information contained herein was obtained from sources we believe to be reliable. However, neither Broker nor Owner has verified all of the information and makes no representation, warranty or guarantee of its accuracy Brannen Goddard or completeness. This Offering Memorandum is provided subject to the possibility of errors, omissions, change of Commercial Real Estate Services, Worldwide. price, prior sale or withdrawal from sale without notice. EXECUTIVE SUMMARY We are pleased to submit our offering memorandum for The Massee Apartments in Historic Downtown Macon, Georgia. We share with you the following information to highlight key points of this great opportunity. Conveniently located in Macon’s downtown historical district, The Massee offers a unique way of life for the resident who appreciates character and charm. This 78-year-old building is a tribute to the skills of Neel Reid, the region’s foremost architect of the 1920’s who designed the building to be beautiful as well as functional.
    [Show full text]
  • Capricorn Sound Studios the Mercerian, Spring 2020
    The SPRING 2020 A PUBLICATION OF MERCER UNIVERSITY • WWW.MERCER.EDU CELEBRATING THE REBIRTH OF CAPRICORN SOUND STUDIOS THE MERCERIAN, SPRING 2020 MACON | ATLANTA | SAVANNAH | COLUMBUS FEATURE Douglas County, Henry County, Warner Robins CAPRICORN VOLUME 30, NO. 1 RETURNS PRESIDENT 16 William D. Underwood, J.D. CHANCELLOR DEPARTMENTS R. Kirby Godsey, Ph.D. PROVOST 2 BEARINGS D. Scott Davis, Ph.D. EXECUTIVE VICE PRESIDENT FOR 30 BEARS ROUNDUP ADMINISTRATION AND FINANCE 36 MERCER HEALTH SCIENCES James S. Netherton, Ph.D. SENIOR VICE PRESIDENT FOR STRATEGIC 41 ALUMNI CLASS NOTES INITIATIVES 48 ADVANCEMENT UPDATES Kellie Raiford Appel, J.D. SENIOR VICE PRESIDENT FOR MARKETING COMMUNICATIONS AND CHIEF OF STAFF Larry D. Brumley SENIOR VICE PRESIDENT FOR ENROLLMENT MANAGEMENT Penny L. Elkins, Ph.D. SENIOR VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT John A. Patterson SENIOR VICE PRESIDENT AND GENERAL COUNSEL William G. Solomon IV, J.D. EDITOR Rick Cameron ART DIRECTOR Steve Mosley STAFF WRITER Kyle Sears CLAS ’09 CONTRIBUTORS Jennifer Borage, Laura Botts, Shawna Dooley CLAS ’97, Kraig Doremus, Andrea Honaker, Jill Kinsella CLAS ’85, Mary Beth Kosowski, Erin Lones CLAS ’00, Jesika Moore, Travis Rae, Stephen Waldman, Kathryn B. Wright SPECIAL DESIGN Ginger Harper, Alex Keller PHOTOGRAPHY COORDINATOR Janet Crocker CPA ’09 PHOTOGRAPHERS Peggy Cozart, Paula Heller, Bekah Howard, Roger Idenden, John Knight, Christopher Ian Smith, Matthew Smith, TerryAllenPhotography.com, Leah Yetter DIGITAL PRODUCTION Matthew Smith, Jennifer Borage, Andrea Honaker, Rob Saxon, Todd Sayre VIDEO PRODUCTION Bekah Howard EDITORIAL OFFICE The Mercerian, 1501 Mercer University Drive, Macon, Georgia 31207-0001, (478) 301-4024 JOIN THE MAILING LIST! CONTACT [email protected] TO UPDATE YOUR ADDRESS AND TO SUPPORT MERCER UNIVERSITY, CALL: (478) 301-2715 or 1-800-MERCER-U, x2715 THE MERCERIAN is published by the Office of Marketing Communications at Mercer University.
    [Show full text]
  • Friday, March 27
    FRIDAY, MARCH 27 THE FESTIVAL AT CENTRAL CITY PARK Presented by: Drew Exposition and Coca-Cola Time: Noon-10:00 pm Location: The Festival at Central City Park, 115 Willie Smokie Glover Drive, Macon, GA 31201 Admission: $5.00, Children 10 and under FREE! Exciting shows, concerts, fair food, amusement rides, vendors, exhibits, and more! See page 14-20 for more information. SENIORS DAY AT CENTRAL CITY PARK Presented by: AARP Time: Noon-10:00 pm Location: The Festival at Central City Park, 115 Willie Smokie Glover Drive, Macon, GA 31201 All guests 55 and older will receive $1 off admissions at the Festival at Central City Park. Media Partner: The Monroe County Reporter OPENING CEREMONY AT CENTRAL CITY PARK Time: Noon -1:00 pm Location: The Festival at Central City Park, 115 Willie Smokie Glover Drive, Macon, GA 31201 Admission: FREE WITH PARK ADMISSION! International, state, and local dignitaries celebrate the 39th International Cherry Blossom Festival as they conduct the ribbon-cutting to open the 2020 Cherry Blossom Festival. 21 PASTA ON POPLAR Presented by: Cox Communications, Vein Specialists of the South, CenterState Bank, Piedmont Brewery & Kitchen Time: 6:00-9:00 pm; Cocktail Attire Location: 665 Poplar Street, Macon, GA 31201 Admission: Tickets are $75 per person; Reservations required; Includes open bar; Four-course dinner by the Perfect Pear Catering: purchase tickets at cherryblossom. com Revel in an exquisite harvest-table dining experience on Poplar Street. Enjoy beautiful decor by Canaan Marshall, music, and cocktails under the stars. Cocktail hour begins at 6:00 pm. Dinner is served by the Perfect Pear at 7:00 pm.
    [Show full text]
  • Historic Structure Report
    Ocmulgee National Monument Dunlap House Historic Structure Report Tommy H. Jones Steven Bare Cultural Resources Division Southeast Region National Park Service March 2011 The historic structure report presented here exists in two formats. A traditional, printed version is available for study at the park, the Southeast Regional Offi ce of the NPS and at a variety of other repositories. For more widespread access, the historic Cultural Resources structure report also exists in a web-based Southeast Region format through ParkNet, the website of the National Park Service National Park Service. Please visit www. 100 Alabama St. SW cr.nps.gov/ for more information. 2011 Historic Structure Report Dunlap House Ocmulgee National Monument LCS#: 005090 Cover Image: Tommy Jones Contents Management Summary 1 Administrative Data 2 Locational Data 2 Related Studies: 2 Cultural Resource Data 2 Historical Background and Context 3 Dunlap Plantation 3 Ocmulgee National Monument 5 Chronology of Development and Use 9 Original Construction 9 Possible Post-Civil War Alterations 12 Ocmulgee National Monument 12 Rehabilitation, 1936-1938 13 1941 Rehabilitation for Temporary Residence 16 Rehabilitation, 1952-1953 19 Late Twentieth Century Alterations 20 Plan of Existing House 23 Physical Description 25 Site 25 Foundation 26 Chimneys 26 Structure 26 Exterior Finishes 27 Roofi ng 28 Windows 28 Exterior Doors 30 Siding and Trim 30 Porches 31 Interior 31 Flooring 31 Walls and Ceilings 32 Woodwork 33 Historical and Architectural Signifi cance 33 Character-Defi ning Features 34 Treatment and Use 37 Ultimate Treatment and Use 37 Requirements for Treatment and Use 37 Alternatives for Treatment and Use 37 Recommendations for Treatment 37 Additional Historical Research 38 Additional Building Investigation 38 References 39 Management Summary This Historic Structure Report was compiled in a few other sources provided documentation for direct response to an arson fi re at the house on a general understanding of the historical context February 8, 2011.
    [Show full text]
  • 2019 – 2020 Catalog
    2019 – 2020 CATALOG 1501 Mercer University Drive Macon, Georgia 31207 FEDERAL DISCLOSURE REQUIREMENTS Mercer University’s Federal Disclosure Requirements are available from the University web site at http://disclosure.mercer.edu/. This report contains the following information: Campus Security: Jeanne Clery Disclosure for Campus Security, campus crime statistics, Campus Sex Crime Prevention Act, and fire safety Campus Emergency Procedures Drug and Alcohol Policies Financial Assistance and Cost of Attendance Information Health and Safety Information: immunization and missing persons information Institutional Information: accreditation, characteristics of students, degree programs, degree program improvement plans, disability support services, FERPA information, retention and graduation rates, peer-to-peer file sharing, post-graduate employment information, readmission of veterans, transfer of credit, withdrawal procedures, voter registration, and satisfactory progress standards. Paper copies of these reports are available upon request. Please contact the Office of Institutional Effectiveness by mailing inquiries to: Office of Institutional Effectiveness Mercer University 1501 Mercer University Drive Macon, Georgia 31207 EQUAL OPPORTUNITY POLICY Mercer University is committed to providing equal educational and employment opportunities to all qualified students, employees, and applicants, without discrimination on the basis of race, color, national or ethnic origin, sex, sexual orientation, age, or disability, as a matter of University
    [Show full text]
  • Budget-Book-2017.Pdf
    List of Principal Officials Mayor Robert A. B. Reichert Mayor Pro‐Tem Bert Bivins III County Commissioners Gary Bechtel Ed DeFore Mallory Jones Elaine Lucas Larry Schlesinger Warren “Scotty” Shepherd Al Tillman Virgil Watkins hhd Constitutional and Elective Officers Constitutional Officers Sheriff David Davis Probate Court Judge Sarah Harris Tax Commissioner Wade McCord Superior Court Clerk Erica Woodford Elected Officials Public Defender Rick Waller Coroner Leon Jones Chief Superior Court Judge Tilman Self Superior Court Judge Edgar Ennis, Jr Superior Court Judge Howard Simms Superior Court Judge Philip Raymond Superior Court Judge Verda Colvin State Court Solicitor General Rebecca Grist State Court Judge William Adams State Court Judge Jeffrey Hanson District Attorney David Cooke Civil & Magistrate Judge William P. Randall ii List of Principal Officials Administrative Administration County Manager Dale M. Walker Assistant County Manager Charles L. Coney Assistant to County Manager Julie Moore Assistant to County Manager Chris Floore Director of Human Resources Ben Hubbard Director of Finance Christy Iuliucci County Attorney Judd Drake Fire Chief Marvin Riggins Director of E‐911 Donnie Self Emergency Management Agency Director Spencer Hawkins Director of Business Development Services Vacant Director of Facilities Management Robert Ryals Director of Recreation Reginald Moore Director of Vehicle Maintenance Sam Hughley Economic & Community Dev. Manager Wanzina Jackson Director of Parks and Beautification Vacant Director of Information
    [Show full text]
  • Chapman's Retreat
    ASHLEY TOWERS 60 UNITS | MACON, GA Significant Upside Potential in Revitalized Downtown Macon CHAPMAN’S RETREAT 82 UNITS | SPRING HILL, TN OFFERING SUMMARY SITE CONSTRUCTION & UTILITIES Number of Units 60 Exterior Brick Rentable Square Feet 29,250 Roof Flat Average SF Per Unit 488 Parking Surface Asphalt ASHLEY TOWERS # of Apartment Buildings 1 Electricity Georgia Power Company Year Built 1951 Water & Sewer Macon Water Authority Acreage 0.58 Gas Georgia Natural Gas Density (Units Per Acre) 103.45 Access Type New Street UNIT BREAKDOWN Type Units Unit SF Total SF Studio 10 300 3,000 1BD/1BA 19 450 8,550 1BD/1BA B 20 500 10,000 2BD/1BA 10 700 7,000 2BD/1BA Corp 1 700 700 Total/Avgs 60 488 29,250 4 5 FLOOR PLANS 2BD/1BA 700 Sq. Ft. Studio 300 Sq. Ft. 1BD/1BA 450 Sq. Ft. 1BD/1BA B FEATURES & 500 Sq. Ft. AMENITIES • Cable TV / Satellite Ready • Laundry Room • Central Heat & Air • Gas Ranges • Refrigerators • Disposals • 2” Blinds • Ceiling Fans • Secured Building • 42 Parking Spots & Off-Street Parking Available • Fitness & Community Lounge Area • Built In Bookcases • Quiet Environment • Wi-Fi high speed internet connections ($10 per month access fee) 6 7 INVESTMENT RATIONALE Ashley Towers is a 60-unit loft apartment building primed for value-add opportunities in Macon, GA. The HIGHLIGHTS downtown area has seen several new and recently renovated loft apartments with similar locations in the past 6 years, with top-of-the-market rental rates eclipsing $2,000 per month. Ashley Towers is currently 100% occupied and has seen minimal rent growth over the past 3 or 4 years.
    [Show full text]
  • C. Jack Ellis City Auditorium” in Honor of C
    SPONSORS: MAYOR PRO TEM AL TILLMAN COMMISSIONER LARRY SCHLESINGER COMMISSIONER ELAINE LUCAS A RESOLUTION OF THE MACON-BIBB COUNTY COMMISSION TO RENAME THE MACON CITY AUDITORIUM AS THE “C. JACK ELLIS CITY AUDITORIUM” IN HONOR OF C. JACK ELLIS’S CONTRIBUTIONS TO HIS COMMUNITY; AND FOR OTHER LAWFUL PURPOSES. Purpose: To rename the Macon City Auditorium as the “C. Jack Ellis City Auditorium.” WHEREAS, in accordance with the procedural requirements of Macon-Bibb County’s policy for naming Macon-Bibb County owned parks, facilities, and streets, a request to name the Macon City Auditorium, located at 415 First Street, Macon, Georgia 31201, in honor of C. Jack Ellis has been presented by those Commissioners named as sponsors hereon; and WHEREAS, this request has been submitted so as to honor C. Jack Ellis, who served as the fortieth mayor of the City of Macon, and the first and only African-American mayor of the City of Macon, for two terms, from 1999 to 2007; and WHEREAS, as mayor, C. Jack Ellis celebrated many enduring achievements, including: • Providing approximately $1 Million in disadvantaged business loans • Improving public and affordable housing in Macon • Earning the City of Excellence designation for Macon from the Georgia Municipal Association, as well as numerous other notable awards and designations • Purchasing and revitalizing the Terminal Station • Providing for the construction of the Marriott Convention Center and Hotel • Establishing the College Hill Corridor • Establishing the Macon Dog Park • Establishing the C. Jack Ellis Youth Foundation • Established programs to increase minority participation in government contracting, increase access to technology throughout the community, and reduce crime ; and WHEREAS, C.
    [Show full text]
  • Bibb County, Georgia
    Bibb County, Georgia Pre-Disaster Mitigation Plan Adopted: October 2004 Amended: November 2010 Prepared For: Macon-Bibb Emergency Management Agency 700 Poplar Street Macon, GA 31201 Phone: (478) 751-7214 Fax: (478) 751-7440 Prepared by: Middle Georgia Regional Commission 175 Emery Hwy. Suite C Macon, GA 31217 Phone: (478) 751-6160 Fax: (478) 751-6517 Table of Contents Section Page # Table of Appendices ...................................................................................................3 Stakeholders ................................................................................................................4 Chapter One: Introduction ..................................................................................................5 Chapter Two: Natural Hazard, Risk & Vulnerability Summary .......................................13 Flooding ....................................................................................................................13 Tornado .....................................................................................................................16 Drought .....................................................................................................................18 Thunderstorm Winds ................................................................................................20 Lightning ...................................................................................................................21 Winter Storms ...........................................................................................................22
    [Show full text]
  • Macon's Music History
    SINGING AROUND THE TOWN macon’s music history HISTORIC MACON’S MISSION IS ROCK N’ TO REVITALIZE OUR COMMUNITY BY PRESERVING ARCHITECTURE SOUL Douglass Theatre, ca. 1940. Photo by Thad E. Murphy, courtesy Historic Macon Foundation AND SHARING HISTORY. Historic Macon Foundation is a national leader MACON GUIDED TOURS macon history in preservation and a role model for revitalization Macon was founded on the banks of the Ocmulgee efforts throughout the country. Our innovative River, growing out of the 1806 frontier trading post real estate tactics, state and federal tax credit Fort Hawkins. The fort was named in honor of consulting services, advocacy efforts with the Benjamin Hawkins, Superintendent of Indian Fading Five list of endangered places, educational Affairs for the Southeast territory south of the programming, and low interest loan programs Ohio River for more than two decades. Prior to the allow us to transform our community and establishment of Fort Hawkins, Native Americans demonstrate the powerful impact of saving rockcandytours.com had inhabited the area for as many as 10,000 years. historic places. We’ve completed nearly 150 houses The city of Macon was chartered as the county and kept 25,000 tons of debris out of the landfill. Rock and ROLL through Macon’s music seat of Bibb County in 1823 and named in honor of Since 2014, we’ve attracted $5.8M in investments history with Rock Candy Tours on a two the North Carolina statesman Nathaniel Macon. in our target neighborhood, Beall’s Hill. Our work hour driving tour that traces the journey City planners envisioned “a city within a park” and of southern rock and soul legends and created a town of spacious streets and parks.
    [Show full text]