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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...

Jacksonville Daily Record With permits issued Dec. 10, developers Marc Peter Kozman and Magdi Samuel can start work on converting the former FBI Building into the Arlington Apartments at a cost of $11 million. As Theotokos Holdings LLC, the developers own the property at 7820 Arlington Expressway and will turn the six-story building in 118 apartments with an amenity center and gym, according to WJCT News partner the Axios Construction Services LLC of Fern Park is the contractor. Fisher Koppenhafer of Jacksonville is the architect. The city issued permits for 95,256 square feet to be conver...

With permits issued Dec. 10, developers Marc Peter Kozman and Magdi Samuel can start work on converting the former FBI Building into the Arlington Apartments at a cost of $11 million. As Theotokos Holdings LLC, the developers own the property at 7820 Arlington Expressway and will turn the six-story building in 118 apartments with an amenity center and gym. Axios Construction Services LLC of Fern Park is the contractor. Fisher Koppenhafer of Jacksonville is the architect. The city issued permits for 95,256 square feet to be converted into apartments at a cost of almost $10.98 million and for a...