1736 Magazine - Fall 2018

DOWNTOWN
AUGUSTA GEORGIA
Nearly $1 billion in public and private investment is poised to help transform
Augusta’s urban core during the next several years, including these 11 projects:
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7 SunTrust Building
Location: 801 Broad St.
Description: Renovation of 50-year-old building’s
compartmentalized office suites into modern shared-space
work environments ranging from 1,000- to 20,000-sqft spaces
Owner/Developer: Broad & Eleventh Street LLC
Investment: $4.5 million
Timeline: Renovations started July 2017 ; completed Sept. 2018
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Lamar Building
Location: 753 Broad St.
Description: The 102,000-square-foot historic
skyscraper’s new owner, a real estate investor from Charleston, S.C.,
is said to be exploring redevelopment of the property as a residential
and office complex, possibly in conjunction with the nearby Marion
Building
Owner/Developer: Park Meridian Holdings Investment:
$820,000 for building; renovation cost unknown
Timeline: Unknown
Marion Building
Location: 739 Broad St.
Description: The 10-story building, vacant and
mostly gutted for more than 40 years, could be redeveloped as
residential space, possibly in conjunction with the nearby Lamar
Building, with which it shares a parking lot
Owner/Developer: Marion Partners LLC
Investment: Unknown Timeline: Unknown
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Location: 709-711 Broad St.
Description: Museum would double in size by relocating from
the Augusta Riverfront Center to the nearly 58,000-square-foot
neo-classical former bank building
Owner/Developer: Morris Museum of Art
Investment: Unknown Timeline: Possibly 2021
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Morris
Museum of Art
Riverfront at
the Depot
Location: 511 Reynolds St.
Description: Six acres of city-owned riverfront property is being
marketed to a private developer with plans to build a large-scale
mixed-use complex that would include residential
Owner/Developer: BLOC Global Group; city of Augusta
Investment: $94 million
Timeline: Project announced Oct. 2018
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