Mercer University will renovate the historic Capricorn Studio building in downtown Macon and reposition it as a hub for music and musicians through a new arrangement announced on December 10th.
A pair of developers, Sierra Development and Southern Pines, recently purchased the property, and will donate it to the school, along with a cash contribution. Mercer intends to raise an additional $1 million to fully restore the building, which in its 1970s heyday was where many of Capricorn Records’ acts such as the Allman Brothers Band and Elvin Bishop recorded. More recently, however, the structure sat vacant and fell into disrepair.
Plans are for the building to house a live music venue, spaces for private rentals, special events and classes, and multiple rehearsal rooms for rent. Sierra Development will also build a combination apartment/loft and retail/office complex surrounding the studio building, occupying most of the block bounded by Martin Luther King Jr. Blvd., Plum Street, Poplar Street and 5th Street.