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The Downtown Development Review Board on July 15 approved the exterior design for AXIS Hotels LLC’s estimated $17.6 million renovation of the historic Ambassador Hotel. The board voted 5-0 to grant AXIS final design approval for what the developer says will be a 100-room TRYP by Wyndham hotel in the 98-year-old building at 420 N. Julia St. The hotel also will have a restaurant and lounge. Bryan Greiner, president of AXIS parent company Augustine Development Group LLC, said the restaurant will be a “SoHo concept” with an “industrial vibe.” Greiner said the lounge will be a small spea...

The historic structure is targeted for a $30 million renovation in Downtown Jacksonville.

President Alex Sifakis told the JAX Chamber Downtown Council that plans include first-floor retail. 

The 18-0 vote marks the second time the city has agreed to partner with Augustine Development Group. City Council previously agreed to an amended development agreement in May 2020 that committed $1.5 million in historic preservation fund money to help finance renovating the abandoned Ambassador Hotel, which is a few blocks from the Independent Life Building. The Downtown Investment Authority has given several months of extensions to the developer to get started on the Ambassador work, most recently with a 21-day extension to work through delays from a bridge loan lender. The planned $30 mil...

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 Development subsidiary PEP10 LLC’s plans for a 135-unit apartment development at the historic 19-story towe...