12:08 PM EST Share City lawmakers held a side policy debate on when to budget and allocate award money from the Historic Preservation Trust Fund.
Four City Council committees voted 7-0 this week to advance a $3 million historic preservation grant for Augustine Development Group LLC’s proposed $30 million renovations to Downtown’s Independent Life Building for a final vote.
The Jan. 20 support by the Finance and Rules committees advances Ordinance 2020-0707 to the Council. The legislation includes city-backed financing for Augustine Development subsidiary PEP10 LLC’s plans for a 135-unit apartment development at the historic 19-story tower.
The Neighborhoods, Community Services, Public Health Committee and Safety and Transportation, Energy and Utilities Committees approved the legislation Jan. 19.
The city is reviewing a permit application for Realco Recycling Co. Inc. to remove interior finishes at the proposed Lofts at Cathedral Downtown at 325 E. Duval St.
It’s an early step toward Vestcor Inc.’s plan to turn the former Community Connections building into a multifamily project.
Ryan Hoover, president of Vestcor’s TVC Development Inc.
“We are just doing the interior demo so we can get a better idea of what we are working with on the inside for design,” said Ryan Hoover, president of Vestcor’s TVC Development Inc.
The permit application involves the “removal of interior finish systems to reveal structure for future design for building remodel for future use.”
06:30 PM EST Share The estimated $30 million mixed-use project would restore the building and add 135 apartments, a grocery store and sky lounge to the historic tower.
The Downtown Development Review Board approved the final design Dec. 10 for Augustine Development Group affiliate PEP10 LLC’s $30 million Independent Life Building renovation in Jacksonville.
The DDRB voted 7-1 for the plan to convert the 1950s-era, 19-story office tower at 233 W. Duval St. into a 135-unit residential building.
The project includes a 21,000-square-foot grocery store on the ground floor, according to Augustine Development Group President Bryan Greiner and plans submitted to DDRB staff.
Plans also show a 10,000-square-foot restaurant and executive sky lounge on the top floor and a pool deck for residents on the 17th floor.