Mixed-use project on Georgia Tech campus scores financing to proceed

Josh Green

Mon, 04/28/2025 – 13:14

Significant changes around Georgia Tech’s campus show few signs of slowing down.

Real estate investment company CCI Real Estate has secured financing to move forward with a five-story, mixed-use project at 740 Techwood Drive, less than a block from the Yellowjackets’ football stadium, according to company officials.

The $18-million construction loan from Alabama-based Southern States Bank, inked with assistance from CCI’s debt capital advisor Lance Thurman of Summerhill CRE, will allow developers to replace the longstanding Baptist College Ministries building with residential, retail, and ministry spaces. The project is moving forward in partnership with the Georgia Baptist Mission Board, which has had a presence on Tech’s campus for 75 years.

CCI’s plans for the half-acre site call for 55 one-and two-bedroom apartments spread across 64,000 square feet.

The mixed-use components include 12,000 square feet of retail and student community space at the ground level, and an upgraded ministry facility, according to project leaders.

“This project presents a rare opportunity to bring vibrant, top-of-the-line residential offerings to students in a prime area of campus,” noted CCI CEO Jeff Warwick in an announcement, “with curated retail and updated ministry spaces complementing the housing component.”

The current Baptist Collegiate Ministry building on Techwood Drive. Google Maps

Techwood Drive frontage for the mixed-use proposal. Courtesy of CCI Real Estate

The construction schedule calls for breaking ground this summer and opening the building in the summer of 2027, CCI officials have said. True North Companies is on board as general contractor.

CCI’s broader goal is to create “missional impact and community transformation.” To that end, it’s also redeveloping the Baptist College Ministry buildings at the University of Georgia in Athens and Georgia Southern University in Statesboro with similar mixed uses.

Just down the street, Georgia Tech athletics kicked off a $500-million fundraising campaign last year called Full Steam Ahead that could produce upgraded facilities for Ramblin’ Wreck football fans, along with basketball and volleyball players. As part of those efforts, Bobby Dodd Stadium’s transformation is set to include a massive videoboard at the south end, new clubs and a speakeasy, along with an array of deluxe suites.

Meanwhile, vertical construction on the stadium’s Fanning Center expansion is well underway.

Near the western fringes of campus, Tech’s first new on-campus residence hall in 50 years is also rising, with nearly 900 new beds for first-year Yellow Jackets scheduled to open in August 2026 for fall semester.

The project’s location on Georgia Tech’s campus, in relation to Bobby Dodd Stadium and the Connector. Google Maps