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Preliminary plans for the 175-unit project on more than 2 acres is headed May 12 to the Downtown Development Review Board.
Corner Lot Development Group CEO Andy Allen said the company is finalizing the budget for what could be a $35 million to $40 million project.
Corner Lot’s proposed 103-unit mixed-use plan for the historic Downtown building includes a 143-space garage.
The DIA recognized Alex Sifakis for Downtown development, and the real estate group named the “best of 2021.”
The company that finds, fixes and builds investment properties also is working on projects in Downtown Jacksonville and rehabbing an Arlington shopping center.