CCI Secures $18M in Financing for Georgia Tech Mixed-Use Redevelopment
Summary
The Baptist College Ministries building on Techwood Drive near Bobby Dodd Stadium is set to be reimagined into a residential community with retail and ministry spacesCCI Real Estate, a real estate investment company centered on missional impact and community transformation, announced today that it has closed on a $18 million construction loan for a mixed-use project on the campus of the Georgia Institute of Technology in Atlanta, Georgia. This project presents a rare opportunity to bring vibrant, top-of-the-line residential offerings to students in a prime area of campus, with curated retail and updated ministry spaces complementing the housing component. We are proud to contribute to Georgia Techs campus in a meaningful and lasting way and look forward to announcing more milestones for this project ahead of its 2027 opening.Located at 740 Techwood Drive, the 64,000-square-foot building will sit on a half-acre site and span five floors, with 12,000 square feet of retail and student gathering space at the ground level. It will offer 55 one- and two-bedroom residences, upgraded ministry facilities, an on-site coffee house and additional lounge space.BCM has maintained a strong presence at Georgia Tech for over 75 years, and the new mixed-use project will expand its influence within the community for years to come by bringing quality housing options close to Bobby Dodd Stadium, a prime location on campus. CCI creates investor value through community transformational and missional impact partnerships and monetizes non-earning fixed assets for municipal and charity organizations.