10:30 AM EST Share The full Downtown Investment Authority board is scheduled to vote on a $1.55 million REV Grant to mitigate COVID-19 retail market conditions for Vista Brooklyn.
JWB Real Estate Capital’s request for nearly $9 million in forgivable and deferred loans to help finance the redevelopment of two historic structures will move on to the full Downtown Investment Authority Board.
The DIA Strategic Implementation Committee voted 4-0 on Jan. 14 to support $8,706,356 for the developer’s proposal for the Florida Baptist Convention Building at 218 W. Church St. and the Old Federal Reserve Bank Building at 424 N. Hogan St.
The project is scheduled for a full DIA board vote Jan. 20. From there, it moves to City Council for final approval.
The owner of two historic buildings in the Downtown Central Core District is seeking nearly $9 million in forgivable and deferred loans from the city to help finance simultaneous redevelopment of the properties.
The Downtown Investment Authority Strategic Implementation Committee will consider the request at its meeting at 10 a.m. Jan. 14 at the Main Library Conference Center.
JWB Real Estate Capital is applying for $8,706,356 to assist with redevelopment of the Florida Baptist Convention Building at 218 W. Church St. and the Old Federal Reserve Bank Building at 424 N. Hogan St.
The redevelopment plan for the Church Street building includes 24 studio and one-bedroom market-rate apartments. In addition, the property is slated to house two restaurant spaces at just over 2,000 square feet each and two retail spaces of 655 square feet and 492 square feet. The restaurant and retail spaces are on the first floor and in the basement.