08:38 AM EST Share The city issued a permit for Columbia Ventures to start selective demolition at the Eastside area property.
Interior work can begin at the historic Union Terminal Warehouse at 700 E. Union St. in the Eastside area not far from TIAA Bank Field.
The city issued a permit Jan. 6 for WPC – Winter Park Construction – to perform the $2.7 million demolition and concrete restoration of the four-story, 365,434-square-foot building for mixed uses.
Atlanta-based Columbia Ventures LLC intends to convert the structure into apartments through adaptive reuse and a historic tax credit conversion.
The demolition is for a project that involves the remodeling of the warehouse built in 1913.
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Published January 12, 2021 •
Updated on January 12, 2021 at 9:21 am
@criene via Twenty20
Only 4.3% of America s 22.2 million business owners are Black, according to a February report by the Brookings Institute. And Black-owned businesses launch with about a third less capital than their White peers and have difficulties raising private investments from mainstream investment systems, reported Brookings. While 7% of White business owners get a loan in their first year of business, only 1% of Black business owners do so.
Amid the Covid-19 pandemic, Black-owned businesses have also been hit the hardest. According to a recent analysis by the Federal Reserve Bank of New York, Black firms have been almost twice as likely to shutter as firms overall. And just 20% of the Paycheck Protection Program (PPP) loans went to areas that had the highest concentration of Black-owned businesses, the Fed found.