CCI Real Estate, a real estate investment company centered on missional impact and community transformation, announced today that it has closed on a mutually beneficial property transaction with the Board of Regents of the University System of Georgia on the University of Georgia (UGA) campus in Athens, Georgia. This move is part of a long-term partnership with the Georgia Baptist Mission Board (GBMB) and follows a rezoning approval from Athens-Clarke County to move forward with a mixed-use development at the southern corner of S Lumpkin Street and Wray Street.
The land swap includes 1.3 acres and BCM building, previously owned by GBMB and CCI at 450 S Lumpkin Street, and 1.7 acres, previously owned by UGA at 290 S Lumpkin Street, providing UGA with contiguously owned property for future redevelopment. It also supports CCI’s plans to build a mixed-use development on the newly acquired land that will continue to serve as the home of UGA’s BCM while also offering on-campus residences and retail space.
“As a mission-driven firm, CCI is devoted to keeping the fundamental purpose of BCM’s presence on UGA’s campus at the core of our plans to enhance its new property at 290 S Lumpkin into a residential and gathering space for students and the community alike,” said Jeff Warwick, CEO at CCI. “By integrating residences, retail spaces, and gathering areas, we will create a welcoming environment where faith, fellowship, and everyday life intertwine. We are thankful to the Board of Regents, Athens-Clarke County officials, and our partner, GBMB, for helping us advance this vision.”
BCM has served UGA’s campus since 1961, providing fellowship and worship services in its location at 450 S Lumpkin Street. CCI’s proposed plans at 290 S Lumpkin Street will provide 260 one-bedroom and two-bedroom residences atop street-level retail offerings, all surrounding a 350-space parking deck. The BCM will anchor the new complex and provide abundant gathering space for up to 500 people and serves as a ministry flagship for on-campus events. The project will also offer multiple community gathering places, including a coffee house, student lounge, private courtyard, green roof amenity deck, and sky lounge. The mixed-use project will begin construction in mid-2025 and will open in June 2027.
CCI is also redeveloping the BCM at Georgia Southern University in Statesboro, Georgia, along with BCMs at two additional public college campuses in the state. These projects include the redevelopment of irreplaceable on-campus sites into multi-story developments to provide residential units, support retail, and dynamic gathering spaces for students, faculty, and visitors.
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About CCI Real Estate
CCI Real Estate (CCI) is a middle market investment company that acquires and develops a diverse array of real estate projects throughout the Southeast. CCI focuses on community transformational and missional impact partnerships and monetizes non-earning fixed assets for municipal and charity organizations.
