Council OKs incentives to transform old FBI Building into apartments | Jax Daily Record | Jacksonville Daily Record
Developer Theotokos Holdings qualified for a $820,000 REV grant to convert the Arlington property.
Source: jaxdailyrecord.com
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Developer seeks $820,000 REV Grant for old FBI Building in Arlington | Jax Daily Record | Jacksonville Daily Record
The Mayor’s Budget Review Committee advances incentive to develop 118 market-rate apartments along the expressway.
Source: jaxdailyrecord.com
Developer's $820,000 REV Grant for old FBI Building in Arlington advances | Jax Daily Record | Jacksonville Daily Record
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...
Source: jaxdailyrecord.com