The 100 Prince project is the redevelopment of the former St. Joseph’s Catholic Church into a mixed‐use site to include: 34 housing units (10 units will be affordable @ 80% AMI); a grocery space; three small shop spaces. The retail portion of the project consists of construction and development of 20,357 sq. ft. of retail space with subsidized rent space for a Piggly Wiggly Express (10,000 sq. ft.) and other subsidized retail/restaurant space (10,357 sq ft). The lead tenant, Piggly Wiggly is known as a low‐price food provider. They will provide fresh produce, meat, baker and dairy areas, as well as other standard food. The store will be a franchise store owned by a minority business enterprise that already operates several Georgia stores. Downtown Athens is a food desert. The ability for local residents to find fresh and healthy food alternatives has been limited. – none CBA: yes, the project is located in a severely underserved community and the availability of NMTCs has enabled lenders to provide the loan on terms and conditions that are flexible and non-traditional; and provide Residential rental units to income restricted (80% of MFI) individuals. Prince Avenue Market is the new construction of a four-story, mixed-use building with 20,500 square feet of retail and commercial space and 34 homes in Athens, Georgia. The retail space is anchored by the first full-service urban grocery store in the area, providing much needed access to affordable fresh food. The project is part of a larger multi-phase development and adaptive reuse of the former St. Joseph’s Catholic Church adjacent and surrounding properties.
