Page 5 - Augustine Development Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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. The legislation includes city-backed financing for Augustine Development subsidiary PEP10 LLC’s plan...

JWB Real Estate Capital President Alex Sifakis describes the inside of the abandoned, 96-year-old Florida Baptist Convention Building at 218 W. Church St. in downtown Jacksonville this way. "It looks like 'Jumanji,'" he said. "You’ve got skylights that are just holes in the roof and ferns growing in there. You can see from the outside the bricks are falling off. When you’re inside you can see the potential, but it also looks like a lot of work.” The five-story building designed by famed architect Henry John Klutho is the polar opposite in many ways from the $450 million Lot J deve...

05:10 AM EST Share When it comes to progress in Northeast Florida in the new year, these are the places that will be driving headlines North Core  Four developers — JWB Real Estate Capital, Augustine Development Group, ACE JAX LLC and Jim and Ellen Wiss — have announced $116.1 million of investments in the historic area they’ve collectively branded the North Core. The North Core is bordered by State, Broad, Church and Main streets. Apartments for the North Core JWB, led by president Alex Sifakis, plans to invest $11.4 million to redevelop the Federal Reserve and Baptist...

Managing Director and CEO, JEA Jay Stowe, the new CEO of Jacksonville’s municipal water and electric utility since Nov. 30, inherited an organization cooperating in a federal grand jury probe and preparing a five-year, $2.5 billion capital investment plan.  His hiring ended a 1½-year period that saw an attempt to sell JEA to a private company, resulting in U.S. Department of Justice and City Council investigations and the firing of former CEO Aaron Zahn and his senior leadership team. Stowe plans to repair trust within JEA while moving on plans to invest $1.6 million to modernize its its ...

06:30 PM EST Share The estimated $30 million mixed-use project would restore the building and add 135 apartments, a grocery store and sky lounge to the historic tower. The Downtown Development Review Board approved the final design Dec. 10 for Augustine Development Group affiliate PEP10 LLC’s $30 million Independent Life Building renovation in Jacksonville. The DDRB voted 7-1 for the plan to convert the 1950s-era, 19-story office tower at 233 W. Duval St. into a 135-unit residential building. The project includes a 21,000-square-foot grocery store on the ground floor, accor...