Author Topic: Inside the John Gorrie Lofts  (Read 11671 times)

Metro Jacksonville

  • Hero Member
  • *****
  • Posts: 2644
    • MetroJacksonville.com
Inside the John Gorrie Lofts
« on: June 29, 2011, 03:00:35 AM »
Inside the John Gorrie Lofts



Here is a sneak peek inside Riverside/Avondale's latest residential loft conversion development.

Full Article
http://www.metrojacksonville.com/article/2011-jun-inside-the-john-gorrie-lofts

Timkin

  • Hero Member
  • *****
  • Posts: 3635
Re: Inside the John Gorrie Lofts
« Reply #1 on: June 29, 2011, 03:22:19 AM »
In a word...... Stunning.

Captain Zissou

  • Hero Member
  • *****
  • Posts: 3912
Re: Inside The John Gorrie
« Reply #2 on: July 01, 2011, 07:28:34 AM »
Beautiful building and the units look great.


My favorite part....... FUTURE RESIDENTIAL AND RETAIL in the lot to the East long Stockton street.  This is the first place I have officially seen it planned out.  Stockton Street is on its way.

Garden guy

  • Hero Member
  • *****
  • Posts: 941
Re: Inside The John Gorrie
« Reply #3 on: July 01, 2011, 07:35:06 AM »
It is beautiful but i am still against any public school being sold and turned into privat property when our schools are stuffed. Just me.

Dapperdan

  • Hero Member
  • *****
  • Posts: 994
Re: Inside The John Gorrie
« Reply #4 on: July 01, 2011, 07:39:44 AM »
I hope they sell at those prices. One can get way better deals on a full house, condo , or town home almost anywhere you look.

Bativac

  • Hero Member
  • *****
  • Posts: 804
Re: Inside The John Gorrie
« Reply #5 on: July 01, 2011, 07:53:03 AM »
Man they did a great job. Garden guy, in this town, it is amazing they managed to save this building from the wrecking ball. It's beautiful. They've taken what was surely to become another demolished eyesore and turned it into an amazing living space.

I hope they sell too, Dapperdan. I paid less for my 2700 sq ft 1950s brick home. But I think this is in a fairly desireable area which might drive the prices up.

Bridges

  • Hero Member
  • *****
  • Posts: 801
Re: Inside the John Gorrie Lofts
« Reply #6 on: July 01, 2011, 08:14:40 AM »
Prices start at $102,000 for a studio on up to $312,000 for the largest two-bedroom town home. Most of the two bedroom units fall between $171,000 to $247,000.

Whoa!  Is it 2006 again?
So I said to him: Arthur, Artie come on, why does the salesman have to die? Change the title; The life of a salesman. That's what people want to see.

fsujax

  • Hero Member
  • *****
  • Posts: 3589
  • Teapartysaurus!
Re: Inside The John Gorrie
« Reply #7 on: July 01, 2011, 08:17:42 AM »
wow. looks a little different than when I was there for 7th grade in 1990-91. Nice job.

Captain Zissou

  • Hero Member
  • *****
  • Posts: 3912
Re: Inside the John Gorrie Lofts
« Reply #8 on: July 01, 2011, 08:19:35 AM »
It is beautiful but i am still against any public school being sold and turned into privat property when our schools are stuffed. Just me.

We can't afford to pay many of the teachers we already have, what makes you think we could staff up an entirely new school??  I think it's better that they sold off a school that wasn't in use to better fund the existing system.  We need to sell off more of the School Board's properties (the riverfront headquarters) to help fund the ailing system.

Quote
Prices start at $102,000 for a studio on up to $312,000 for the largest two-bedroom town home. Most of the two bedroom units fall between $171,000 to $247,000.

Whoa!  Is it 2006 again?

I was thinking the same thing. 

Dapperdan

  • Hero Member
  • *****
  • Posts: 994
Re: Inside the John Gorrie Lofts
« Reply #9 on: July 01, 2011, 08:21:00 AM »
It is bad timing to start with those prices.  Hopefully I am wrong, but I think there are way too many foreclosures and short sales competing with that. Maybe Riverside area is different.

thelakelander

  • The Jaxson
  • Hero Member
  • *****
  • Posts: 30984
    • Modern Cities
Re: Inside the John Gorrie Lofts
« Reply #10 on: July 01, 2011, 08:38:42 AM »
Without the Weavers putting up their own cash, this project would have been DOA.  I doubt they'll make much money at the prices they're offering.  I don't think you guys realize how expensive it is to restore and convert a structure like this.  Given the layout of the units I saw, I thought they were very efficient in that every space inside each unit was used to its maximum potential.  I wish them the best of luck in this market but truly believe they took on this project for the betterment of the neighborhood.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

avs

  • Sr. Member
  • ****
  • Posts: 388
Re: Inside the John Gorrie Lofts
« Reply #11 on: July 01, 2011, 08:42:24 AM »
Leasing them for several years then selling them (like the developers did with 1951 Market Street Lofts) maybe a better way to go.  Make the cash on the back end.  Not sure if their bank will allow it though

As comparables, studio lofts at 1951 Market (in Springfield) are selling now in the 70K-80K range fyi

Kiva

  • Sr. Member
  • ****
  • Posts: 382
Re: Inside the John Gorrie Lofts
« Reply #12 on: July 01, 2011, 08:48:33 AM »
According to the Times-Union, the Weavers will not turn a profit on this.
http://jacksonville.com/business/2011-06-30/story/condominiums-preserve-elements-closed-jacksonville-school

acme54321

  • Hero Member
  • *****
  • Posts: 2535
Re: Inside The John Gorrie
« Reply #13 on: July 01, 2011, 09:00:40 AM »
When I was looking at houses a year ago Riverside/Avondale's prices seemed a lot more stable than most other parts of the city.  I still think $312,000 might be a little high up there though.  I looked at a house a block over on post for $100k that was at least 2500 sq ft, and with the $212k left over you could totally redo it however you wanted.... and be in a basically new house at the end.

Wacca Pilatka

  • Hero Member
  • *****
  • Posts: 2273
Re: Inside The John Gorrie
« Reply #14 on: July 01, 2011, 09:05:47 AM »
The Weavers are community-minded people with a passion for preservation. 
The tourist would realize at once that he had struck the Land of Flowers - the City Beautiful!

Henry J. Klutho