Author Topic: Luxury hotel, 200 apartments and retail coming to site of former Ambassador Hote  (Read 36023 times)

Tacachale

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There are interested parties. Keep the faith!
Do you believe that when the blue jay or another bird sings and the body is trembling, that is a signal that people are coming or something important is about to happen?

Jax_Developer

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Alex Sifakis/JWB want to step in here? :D

Kidding....only partially.

You say that, but I am sure the Gateway Jax team is watching this opportunity very closely. 

One thing they don't mention in the article is which parcels are being foreclosed on.  Axis owns the whole block but it's 5 different properties under 3 LLCs.  I have no understanding of real estate laws or how any of that works just curious.

That was done to separate the incentives & historic grants by use-type & is somewhat common. The Trio was intending to do the same. The mortgages are likely blanketed, meaning they cover multiple LLC’s and/or parcels depending on how the paperwork was written.

Joey Mackey

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There are interested parties. Keep the faith!

Are these interested parties in the room with us right now? lol I kid I kid.