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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 s...
United States Dasher Hurst Steve Atkins Lori Boyer Tom Hurst Marble Bank

Downtown Development Review Board to consider Laura Street Trio designs | Jax Daily Record | Jacksonville Daily Record

Share The estimated $70.4 million project will redevelop the historic buildings into a hotel with restaurant and retail spaces. Laura Street Trio developer SouthEast Development Group LLC submitted its historic renovation project to the Downtown Development Review Board for conceptual review. The estimated $70.4 million plan to convert the three vacant urban core structures into a 146-room hotel with restaurant and retail spaces is scheduled at the board Feb. 11, according to a...
United States Matt Brockelman Steve Atkins Lori Boyer Danis Construction Marble Bank

Council approves $3 million historic preservation grant for Independent Life Building | Jax Daily Record | Jacksonville Daily Record

08:10 PM EST Share An Augustine Development Group LLC subsidiary plans 135 apartment units, a grocery store and restaurant at the 19-story Downtown tower. The Jacksonville City Council approved a $3 million historic preservation grant Jan. 26 for Augustine Development Group LLC’s proposed $30 million renovation to Downtown’s Independent Life Building. The Council voted 18-0 to commit money from the city’s Historic Preservation Trust Fund to help finance Augustine Developme...
Dasher Hurst Bryan Greiner National Park Service Augustine Development Group Augustine Development Downtown Development Review Board

Independent Life $3 million historic preservation grant heads to final Council vote | Jax Daily Record | Jacksonville Daily Record

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. Th...
Dasher Hurst Bryan Greiner Matt Carlucci Lori Boyer Ambassador Hotel Augustine Development

New Laura Street Trio renderings show redevelopment in two phases | Jax Daily Record | Jacksonville Daily Record

Laura Street Trio developer SouthEast Development Group LLC released its latest designs for a two-phase redevelopment of the Downtown property. The renderings and site plan for the estimated $70.4 million first phase of the project likely will go before the Downtown Development Review Board for conceptual review in March, Southern Group lobbyist and SouthEast Development representative Matt Brockelman said Jan. 21.  The designs show the restored former Florida Life, Bisbee and Marble Bank buil...
United States Duval County Matt Brockelman Steve Atkins Steve Kelley Lori Boyer

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