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MegadealsSubsidy Tracker Individual Entry
Company: Sobu Flats, LLC
Parent Company:
Subsidy Source: local
Location: Georgia
County: Fulton
Project Description: Finance the redevelopment of an existing, dilapidated 8-story condominium property into an approximately 216-key hotel, including 5,000 square feet of food and beverage uses, 5,000 square feet of meeting space, a pool, fitness center, and 90 parking spaces to be located at 374 East Paces Ferry Road in Buckhead, Atlanta
Year: 2019
Value of Loan, Loan Guarantee or Bailout Assistance: $82,300,000
Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information.
Program Name: Fulton County: Bond Financing Program
Awarding Agency: Development Authority of Fulton County
Type of Subsidy: loan or bond financing
Number of Jobs or Training Slots: 149
Source of Data: Direct from agency; not on web
Notes: Year is year of award issuance. Subsidy is the amount of bond. Jobs are projected permanent jobs. The bonds are tied to property tax abatements.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.