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VESTECK, Inc Continues to add investors, BioAdvance and Angel Star Ventures Increase Series A investment to >$5 2M

Ambassador Hotel design approved by Downtown Development Review Board | Jax Daily Record | Jacksonville Daily Record

The Downtown Development Review Board on July 15 approved the exterior design for AXIS Hotels LLC’s estimated $17.6 million renovation of the historic Ambassador Hotel. The board voted 5-0 to grant AXIS final design approval for what the developer says will be a 100-room TRYP by Wyndham hotel in the 98-year-old building at 420 N. Julia St. The hotel also will have a restaurant and lounge. Bryan Greiner, president of AXIS parent company Augustine Development Group LLC, said the restaurant will be a “SoHo concept” with an “industrial vibe.” Greiner said the lounge will be a small speakeasy and wine cellar. The restaurant will be operated by Doral-based Victory Hospitality LLC owner Mark Mughabghab. 

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LaVilla town house project wins conceptual design approval  | Jax Daily Record | Jacksonville Daily Record

10:27 AM EST Share Johnson Commons is a 91-unit community planned on 3.45 acres next to Lift Ev’ry Voice and Sing Park. Johnson Commons LLC’s for-sale town house project in LaVilla is a step closer to breaking ground.  The Downtown Development Review Board voted 7-0 on June 10 to grant conceptual design approval for the 91-unit community on 3.45 acres next to Lift Ev’ry Voice and Sing Park. The three-story town houses are a joint project of  JWB Real Estate Capital LLC and Corner Lot Development Group. Johnson Commons finished second to Vestcor Companies Inc. in a 2019 Downtown Investment Authority request for proposals to develop the city-owned site, bounded by Adams, Lee, Houston and Forsyth streets.

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