An artistic rendering of the '290 Lumpkin' redevelopment project at the University of Georgia, showcasing its architectural design and community amenities.
CCI Real Estate has secured $67 million in construction financing for the redevelopment of the Baptist Collegiate Ministries building at the University of Georgia. The project, named ‘290 Lumpkin,’ will feature an eight-story mixed-use facility with 240 residential units, amenities including a parking deck, rooftop deck, student lounge, and retail spaces. Scheduled for completion by June 2027, this redevelopment will enhance campus life and provide essential resources for students and faculty.
CCI Real Estate has successfully obtained $67 million in construction financing for a significant redevelopment project at the University of Georgia (UGA) in Athens. This funding will transform the Baptist Collegiate Ministries (BCM) building into a modern mixed-use facility.
The financing for this initiative comes from Affinius Capital, a relevant partner in the construction financing realm. Designed to enhance the campus environment, this redevelopment effort will be managed by New South Construction, serving as the general contractor for the ambitious project.
The redevelopment endeavor is named “290 Lumpkin” and will comprise an eight-story building that not only accommodates BCM’s new location but also introduces a wide range of residential units. Specifically, the project will feature a total of 240 residential units, available as one- and two-bedroom apartments. These new living spaces aim to provide students and faculty with modern, comfortable residences close to the heart of campus life.
In addition to residential accommodations, 290 Lumpkin is poised to offer numerous amenities that appeal to the UGA community. Planned onsite features include:
The ground floor of the structure is particularly exciting, featuring:
The original BCM site was located at 450 S. Lumpkin St. and has been a part of the UGA campus since 1961. This relocation and redevelopment represent a significant step forward for BCM, providing enhanced facilities while deepening their commitment to student support and community engagement.
This redevelopment is not CCI Real Estate’s first venture in collegiate spaces. The company is also engaged in similar projects at the Georgia Institute of Technology in Atlanta and Georgia Southern University in Statesboro, Georgia. These developments indicate a growing trend of enhancing student life through modern facilities that cater to the needs of today’s learners.
The project is set for completion by June 2027, aligning with the increasing demand for student housing and service spaces at UGA. As the plans unfold, it is anticipated that “290 Lumpkin” will significantly impact the UGA campus and surrounding community, providing essential resources and modern living options for the future generations of students.
In summary, the redevelopment of the Baptist Collegiate Ministries building marks an important milestone in the evolution of the University of Georgia’s architectural landscape, positioning itself as a hub for student activity and community engagement.
News Summary The Joyce Kilmer Logistics Center in New Brunswick, NJ, has secured $33 million…
News Summary Volvo Financial Services displayed mixed financial results in the second quarter, with retail…
News Summary The commercial real estate borrowing landscape is becoming increasingly complex as interest rates…
News Summary Florida and the U.S. Army Corps of Engineers have reached an agreement to…
News Summary Three students from Corliss Early College STEM High School will participate in an…
News Summary Recent data indicates a varied performance within the U.S. construction industry. While single-family…