Kozman Realty News Today : Breaking News, Live Updates & Top Stories | Vimarsana

As bad as the blown-out windows are on the front side of the five-story building facing Arlington Expressway, the back of it looks even worse. Two huge openings in the back wall running from the roof to the ground leave the interior exposed like lids peeled back from sardine cans, displaying corroded beams inside a building that's been vacant 11 years since the FBI moved its Jacksonville office from Arlington to the Southside. Turning that office building into apartments won't be easy, but that's the owner's plan for an investment that would total about $14.5 million. It's the kind of ...

Developer Theotokos Holdings qualified for a $820,000 REV grant to convert the Arlington property.

The Mayor’s Budget Review Committee advances incentive to develop 118 market-rate apartments along the expressway.

A bill seeking approval for a Recapture Enhanced Value Grant for the proposed $14.545 million redevelopment of the former FBI Building along Arlington Expressway as apartments is headed to City Council.  The Mayor’s Budget Review Committee voted unanimously 7-0 on Feb. 22 to file legislation authorizing an economic development grant between the city and apartment developer Theotokos Holdings LLC. Theotokos Holdings requested a 10-year grant of $820,000 based on 75% of the incremental tax increases the project will generate over that time. The developer proposes a first mortgage of $11 mill...