Historic Lamar Developing renovations could start out in downtown by 2022

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Renovations costing much more than $12 million could begin as shortly as the close of the year on Augusta’s historic Lamar Developing.  Its new owner, Albany, Ga., developer Tempo Burt, aims to build 70 marketplace-level flats and floor-floor commercial area in the city’s 1st skyscraper, much more than a century […]

Renovations costing much more than $12 million could begin as shortly as the close of the year on Augusta’s historic Lamar Developing. 

Its new owner, Albany, Ga., developer Tempo Burt, aims to build 70 marketplace-level flats and floor-floor commercial area in the city’s 1st skyscraper, much more than a century old. 

“This constructing has been looked at by so numerous persons who could not make the quantities work, and he has,” explained Augusta Downtown Advancement Authority Margaret Woodard. “It will be so wonderful not to see it mothballed.” 

Southern To start with Lender foreclosed on the property in 2014 and offered it in 2016 to Park Meridian Holdings of Augusta, a constrained-legal responsibility company in Aiken. Burt purchased the Lamar previously this month for $2.15 million. 

The Lamar is Burt’s next historic renovation project in Augusta. In 2018, he acquired numerous dozen cotton warehouses for $800,000 on 25 acres going through Slaton Street, which he intends to transform into 160 units of workforce housing. 

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