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The Downtown Development Review Board on July 15 approved the exterior design for AXIS Hotels LLC’s estimated $17.6 million renovation of the historic Ambassador Hotel. The board voted 5-0 to grant AXIS final design approval for what the developer says will be a 100-room TRYP by Wyndham hotel in the 98-year-old building at 420 N. Julia St. The hotel also will have a restaurant and lounge. Bryan Greiner, president of AXIS parent company Augustine Development Group LLC, said the restaurant will be a “SoHo concept” with an “industrial vibe.” Greiner said the lounge will be a small speakeasy and wine cellar. The restaurant will be operated by Doral-based Victory Hospitality LLC owner Mark Mughabghab. ....
Owners of the 32-acre mixed-use Southbank project The District said two parcels designated for luxury town houses are under contract for sale. Ramiro Albarran, Preston Hollow Capital LLC managing director of origination and structuring, told the Downtown Development Review Board on May 13 that the company executed a deal for the parcels, which face a marsh on the site’s southeast corner. Albarran said Dallas-based Preston Hollow is under a confidentiality agreement and did not disclose the buyer. The District project engineer, Bill Schilling of Kimley-Horn and Associates Inc., said the parcels will be developed by “a luxury, high-end homebuilder.” Ramiro Albarran, Preston Hollow Capital LLC managing director of origination and structuring ....
$15.69 million incentives deal advanced for RD River City apartments | Jax Daily Record | Jacksonville Daily Record jaxdailyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jaxdailyrecord.com Daily Mail and Mail on Sunday newspapers.