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The Rise of Sustainable Bonds for Affordable Housing
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Competitive deals divert attention from broader market volatility
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Munis underperform UST, remain cautious ahead of new-issues
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Big competitive calendar to guide yields
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Two historic Downtown buildings one with plans for a concert venue and rooftop bar and the other the proposed Lofts at Cathedral apartments now are designated local landmarks.
The Jacksonville City Council voted 19-0 on June 22 to grant both structures local historic designations.
Lofts at Cathedral
The Vestcor Companies subsidiary VC Cathedral LLC wanted the final portion of the former YWCA at 325 E. Duval St. to be designated a historic landmark.
Vestcor wants to convert both portions of the building into 120 apartment units.
Ryan Hoover, president of Vestcor subsidiary TVC Development Inc., said June 21 the company plans to apply for loans and historic incentives through the Downtown Investment Authority to help finance the estimated $28.8 million redevelopment.