19th century boarding house being renovated

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The Marshall House at 901 Broad St. has served many purposes in its more than 120 years, but renovations are bringing it back to its role as a mixed-use residential and commercial space.

According to Historic Augusta research, the Marshall House was built in 1884 and served as a hotel, grocery store, boarding house and mercantile store in the 19th and 20th centuries. The building is now occupied by Guarantee Finance and Sit-A-Spell Coffee.

The $1.2 million renovation will create nine apartments and 4,300 square feet of commercial space.

“The mixed-use facility is very much the historic pattern of Broad Street,” said Tom Robertson, one of six partners at Marshall House Partners LLC, which owns the building. “We want to take the building back
to one of its historical appearances.”

The building’s location at the corner of Broad Street and James Brown Boulevard was a significant asset, Robertson said, especially in light of the expected completion of the Trade, Exhibit and Event Center later this summer.

“We’ve always been very interested in downtown revitalization, and this is one thing we can do to help that along,” Robertson said.

The partners have been approved for a $250,000 Georgia Cities Foundation loan by the Downtown De­velopment Authority, and authority Exec­u­tive Director Margaret Wood­ard said the project is great news for downtown.

“With a 99 percent occupancy rate downtown, this is a great addition to our inventory,” she said.

The loan is the 10th by the Georgia Cities Foundation loan to a downtown Augusta project, and Woodard said the program has been extremely helpful to developers. Banks are not able to loan as much as they have in pre­vious years, she said, so developers have relied on the foundation loans to make up the difference.

“It’s been excellent. It really helps in the crunch we’re in right now,” Woodard said.

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floridasun
279
Points
floridasun 06/04/12 - 05:12 pm
2
0
Good News

Thanks to the investors for returning a historic Broad Street building to its original appearance as well as creating new living space downtown

countyman
19068
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countyman 06/04/12 - 05:53 pm
1
1
Central Business District improving daily

Mix-use developments are the best way to create vibrant live, work, and play environments in limited amounts of space.. Hopefully we continue to create live, work, and play environments in the urban core, but outside of the CBD.. If you live near downtown then you shouldn't have to drive, or visit the CBD in order to experience nightlife.. I should be able to catch the bus at 11pm and go downtown, or walk from my home in Olde Town to numerous establishments.. Let's offer people local restaurants, bars, coffee shops, bookstores, etc within walking distance.. Kings Way, Central Ave, and Monte Sano are the perfect example in Midtown and Summerville.. Laney Walker(Laney Walker Boulevard), Olde Town(Broad & Green), Harrisburg(Walton Way & Broad), and the Medical District(15th street & RA Dent/Wrightsboro) can follow behind Summerville/Midtown...

The CBD is on a roll in terms of new residential in the year 2012... This is excluding 834 Greene street, 556 Broad, 1225 Greene, 220-222 6th street, 586 Broad, 566 Broad, and 307 9th street...

JB Whites = 34 new condos(51 total)
901 Broad= 9 apts
1120 Jones street= 8 apts
920 Greene street= 6 apts
967 Broad street= 4 apts

Glad to see the several mix-use developments recently opening/underway too.. JB Whites building, 586 Broad, 566 Broad, 556 Broad, 901 Broad street, 307 9th street, etc

TrulyWorried
12199
Points
TrulyWorried 06/04/12 - 06:40 pm
2
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901 Broad Street

No picture? Would be nice to see before and after!

countyman
19068
Points
countyman 06/04/12 - 06:47 pm
1
1
The building is still under

The building is still under construction at the moment... The Chronicle should have included the picture in the article..

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