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DIA board approves $24.67 million Laura Street Trio loan package | Jax Daily Record | Jacksonville Daily Record

DIA board approves $24.67 million Laura Street Trio loan package | Jax Daily Record | Jacksonville Daily Record
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DIA committee advances Laura Street Trio loan package | Jax Daily Record | Jacksonville Daily Record

The proposed $24.67 million taxpayer-backed deal to partially finance SouthEast Development Group LLC’s planned historic Laura Street Trio renovation Downtown cleared its first hurdle March 15.
The Downtown Investment Authority’s Strategic Implementation Committee voted 3-0 to advanced the deferred and forgivable loan package for the full board’s consideration March 17.
If approved, City Council could take the final vote on the incentive agreement by the end of June for SouthEast’s $70.48 million proposal to adapt the vacant structures into a 145-room Marriott Autograph Hotel with a restaurant, lounge and ground-floor retail.
SouthEast Managing Director Steve Atkins said March 15 that the 4,401-square-foot, ground-floor bodega grocery store that will be in the Trio’s Bisbee Building has been leased to a retired Winn-Dixie employee. He did not release any additional information about the operator at the meeting. ....

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Proposal Laura Street Trio deal includes $24.67 million in forgivable, deferred loans | Jax Daily Record | Jacksonville Daily Record

SouthEast Development Group LLC’s plans to renovate the historic Laura Street Trio Downtown could receive $24.67 million in city-backed incentives under a proposed deal with the Downtown Investment Authority.
The pending agreement negotiated by DIA staff includes forgivable and deferred loans for SouthEast’s $70.48 million project.
The project will adapt the vacant historic structures into a Marriott Autograph Hotel with a restaurant, lounge and ground-floor retail, according to documents submitted for the DIA Strategic Implementation Committee’s March 15 meeting.
If approved, the nearly $25 million package would be the largest awarded from the DIA’s Downtown Preservation and Revitalization Program authorized by City Council in October. ....

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City approved 2 new designs for downtown developments

City approved 2 new designs for downtown developments
Another plan was presented to renovate First Baptist Church.
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JACKSONVILLE, Fla. – This week the Downtown Development Review Board approved the historic Laura Street Trio project, according to News4Jax partners at the Jax Daily Record.
The meeting Thursday advanced the $70.4 million plan that will convert three vacant urban core structures into a 146-room hotel with restaurant and retail spaces.
Laura Street Trio project designs. (Copyright 2021 by WJXT News4Jax - All rights reserved.)
Project architect Tom Hurst said there will be a steak and seafood house inside the hotel along with a rooftop bar on the eighth floor. When it comes to the ground floor, guests can expect outdoor seating, public art and valet parking. The hotel will be run by Winegardner & Hammons Hotel Group LLC., which operates a Marriott Hotel in Clearwater Beach. ....

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Laura Street Trio design granted conceptual approval | Jax Daily Record | Jacksonville Daily Record

The Downtown Development Review Board voted 8-0 to advance the estimated $70.4 million plan to renovate the historic Downtown structures into hotel and retail space. ....

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