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Brooklyn Home2 Suites and mixed-use projects approved | Jax Daily Record | Jacksonville Daily Record

The Downtown Development Review Board said a proposed Home2 Suites by Hilton in Brooklyn can have a surface parking lot despite its staff’s objection that it conflicts with the area’s design code.
The board voted 6-0 May 13 to grant final design approval for the six-story, 100-room hotel at 600 Park St. a joint project of Kelco Management and Development Inc. and Corner Lot Development Group.
Driver, McAfee, Hawthorne & Diebenow attorney Cyndy Trimmer, who represents Kelco and Corner Lot, said the structured parking garage required by the Downtown Zoning Overlay would not be feasible or financially viable for the 10,720-square-foot hotel layout. ....

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DDRB to consider final designs for two historic adaptive reuse projects | Jax Daily Record | Jacksonville Daily Record

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JWB Real Estate Capital plans a $18.55 million investment in the Florida Baptist Convention and Federal Reserve Bank buildings.
The projects, at a combined $18.55 million, would create a mixed-use block in Downtown’s North Core connected by a courtyard to JWB’s Seminole Building, home of Sweet Pete’s Candy Shop.
A staff report released May 6 recommends the review board approve both designs at its May 13 meeting.
The development plans by Brooke Robbins of Robbins Design Studio changed little since DDRB voted 5-0 in September for conceptual approval.
The design for the five-story Baptist Convention property at 218 W. Church St. includes a restaurant space on the basement and ground levels, two mercantile suites at the ground-floor entrance and 24 studio and one-bedroom apartments on the upper floors. ....

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DataBank to Issue $658 Million of Secured Notes in Inaugural Securitization Offering

DataBank to Issue $658 Million of Secured Notes in Inaugural Securitization Offering
First-Ever Securitization in Enterprise Data Center Colocation Environment
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DALLAS, March 12, 2021 /PRNewswire/
DataBank, a leading provider of enterprise-class colocation, connectivity, and managed services, today announced that it will issue $658 million of secured notes in its first-ever securitization offering.
The new securitization notes will refinance DataBank s existing credit facility, providing additional capital to support expansion, while substantially reducing financing costs by more than 50%. This securitization and refinancing of previous loans adds more than $200 million in liquidity to DataBank s balance sheet, providing ample funding for general purposes and continued investment in new data center capacity. In addition, the financing locks in rates for five years and provides a powerful launchpad from which the com ....

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DIA to consider new LaVilla town house proposal after Vestcor drops project | Jax Daily Record | Jacksonville Daily Record

06:25 PM EST
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The for-sale residential project was meant to complement the city’s plans to build Lift Ev’ry Voice and Sing Park in the historic Downtown neighborhood.
The Vestcor Companies Inc. has abandoned plans to build town houses in LaVilla, but the project could gain a familiar new developer.
Documents released March 5 by the Downtown Investment Authority state Vestcor will not proceed with the 88 for-sale town houses it planned for the Downtown community, but a partnership of JWB Real Estate Capital and Corner Lot Development is interested in the site.
The city narrowly selected Vestcor for the project over JWB and Corner Lot in 2019. ....

United States , Bryan Hoover , Johnson Commons , Alex Sifakis , Lori Boyer , W Church St , Property Disposition Committee , Downtown Development Review Board , Bank Building , Jacksonville Transportation Authority Regional Center , Downtown Investment Authority , Vestcor Companies Inc , Development Inc , City Council , Seminole Club , Corner Lot Development , Vestcor Companies , Estate Capital , Corner Lot , Lift Ev Ry Voice , Sing Park , Emerald Trail , Estate Capital President Alex Sifakis , Jacksonville Transportation Authority , Jacksonville Regional Transportation Center , Retail Enhancement ,

DataBank Completes zColo Transaction with Closing Acquisition of Five Data Centers in France

Press release content from PR Newswire. The AP news staff was not involved in its creation.
DataBank Completes zColo Transaction with Closing Acquisition of Five Data Centers in France
February 3, 2021 GMT
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DALLAS, Feb. 3, 2021 /PRNewswire/ DataBank, a leading provider of enterprise-class colocation, connectivity, and managed services, announced it has completed its acquisition of zColo with the closing transaction of five data center assets in France from Zayo Group Holdings. The resulting footprint effectively positions the company as a leading edge colocation and interconnect platform.
“We’re excited to finally have all elements of the zColo transaction complete,” states Raul K. Martynek, DataBank’s CEO. “Our integration is moving ahead swiftly and we look forward to unleashing the full power and reach of our integrated edge colocation and interconnect platform for customers in the months ahead.” ....

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