Author Topic: Retail garage project proposed for downtown  (Read 7802 times)

RatTownRyan

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Re: Retail garage project proposed for downtown
« Reply #60 on: May 14, 2018, 09:49:12 AM »
Not so fast. Not sure if this is a mistake or a last minute change.

"The Main Street and Forsyth Street parking garage renovations. The garage will provide parking for the Barnett Bank building and the Laura Street Trio. A two-story 8,728 square-foot retail space on the corner of Forsyth and Laura Street is also planned."

https://www.bizjournals.com/jacksonville/news/2018/05/14/jones-bros-building-hotel-indigo-up-for-ddrb.html

Steve

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Re: Retail garage project proposed for downtown
« Reply #61 on: May 14, 2018, 10:16:34 AM »
Not so fast. Not sure if this is a mistake or a last minute change.

"The Main Street and Forsyth Street parking garage renovations. The garage will provide parking for the Barnett Bank building and the Laura Street Trio. A two-story 8,728 square-foot retail space on the corner of Forsyth and Laura Street is also planned."

https://www.bizjournals.com/jacksonville/news/2018/05/14/jones-bros-building-hotel-indigo-up-for-ddrb.html

What's different from the Daily Record article?

Tacachale

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Re: Retail garage project proposed for downtown
« Reply #62 on: May 14, 2018, 10:24:18 AM »
Not so fast. Not sure if this is a mistake or a last minute change.

"The Main Street and Forsyth Street parking garage renovations. The garage will provide parking for the Barnett Bank building and the Laura Street Trio. A two-story 8,728 square-foot retail space on the corner of Forsyth and Laura Street is also planned."

https://www.bizjournals.com/jacksonville/news/2018/05/14/jones-bros-building-hotel-indigo-up-for-ddrb.html

What's different from the Daily Record article?

It looks like the same info. The Daily Record is just more thorough. Sounds like the retail space won't be coming in initially, the structure is just being built so that it could be added later.
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KenFSU

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Re: Retail garage project proposed for downtown
« Reply #63 on: May 14, 2018, 10:56:53 AM »
^Just as soon as the SunTrust Tower's occupancy rate reaches 65 percent!

:D
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Steve

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Re: Retail garage project proposed for downtown
« Reply #64 on: May 14, 2018, 11:40:34 AM »
Not so fast. Not sure if this is a mistake or a last minute change.

"The Main Street and Forsyth Street parking garage renovations. The garage will provide parking for the Barnett Bank building and the Laura Street Trio. A two-story 8,728 square-foot retail space on the corner of Forsyth and Laura Street is also planned."

https://www.bizjournals.com/jacksonville/news/2018/05/14/jones-bros-building-hotel-indigo-up-for-ddrb.html

What's different from the Daily Record article?

It looks like the same info. The Daily Record is just more thorough. Sounds like the retail space won't be coming in initially, the structure is just being built so that it could be added later.

Well, Laura & Forsyth will be at launch. Main and Forsyth will follow based on market.

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Jagsdrew

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Re: Retail garage project proposed for downtown
« Reply #66 on: May 18, 2018, 08:28:16 AM »
DDRB approved! With retail!
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KenFSU

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Re: Retail garage project proposed for downtown
« Reply #67 on: May 18, 2018, 09:09:39 AM »
Definitely sounds like the garage will be breaking ground before the Trio.

I wonder what happens if the economy goes south and the rest of the Trio is delayed.

Is the city still on the hook for the $660,000 annual lease on the spots? Is Southeast still on the hook for leasing back 250 spots (though the Barnett should cover most of these)?
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Steve

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Re: Retail garage project proposed for downtown
« Reply #68 on: May 18, 2018, 09:53:12 AM »
Definitely sounds like the garage will be breaking ground before the Trio.

I wonder what happens if the economy goes south and the rest of the Trio is delayed.

Is the city still on the hook for the $660,000 annual lease on the spots? Is Southeast still on the hook for leasing back 250 spots (though the Barnett should cover most of these)?

For what it's worth, the plan was Barnett, Garage, Trio. I think the Trio is still going through some regulations if I remember.

jaxjags

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Re: Retail garage project proposed for downtown
« Reply #69 on: May 18, 2018, 02:56:42 PM »
I believe they can only receive the incentives if all three parts, including the Trio, are actually completed by a certain date. Of course anything can happen, but this is better than other deals.