Author Topic: Mendenhall Report: Vestcor’s town house development in LaVilla is on pause  (Read 415 times)

thelakelander

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Should have went with JWB.....

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Vestcor Companies delayed construction of its for-sale town house development in LaVilla twice this summer and the company said it is hesitant to begin the project in a Downtown market impacted by COVID-19.

Ryan Hoover, president of Vestcor subsidiary TVC Development Inc., said Sept. 2 that the company sought two extensions to its development agreement with the Downtown Investment Authority and the city to build the 88-unit town house project.

Hoover said Vestcor still plans to complete the development but won’t begin construction until the for-sale product market, which includes Downtown employees and people seeking an urban core lifestyle, returns.

“You have a lot of people who really aren’t even in Downtown now. I assume that everything will be back to some form of normal,” Hoover said.

https://www.jaxdailyrecord.com/article/mendenhall-report-vestcors-town-house-development-in-lavilla-is-on-pause
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marcuscnelson

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I assume that everything will be back to some form of normal,” Hoover said.

"This quarantine will last two weeks, and everything will be back to normal."
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Steve

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If this takes too long, then they absolutely they need to give this project to the second place bidder (JWB Real Estate).

Tacachale

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To reiterate, the DIA chose the bid by Vestcor, owned by major donor John Rood, over a competing pitch from JWB that included more units, a retail component, better architecture, and more money for Lift Ev'ry Voice and Sing Park.
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heights unknown

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Should have went with JWB.....

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Vestcor Companies delayed construction of its for-sale town house development in LaVilla twice this summer and the company said it is hesitant to begin the project in a Downtown market impacted by COVID-19.

Ryan Hoover, president of Vestcor subsidiary TVC Development Inc., said Sept. 2 that the company sought two extensions to its development agreement with the Downtown Investment Authority and the city to build the 88-unit town house project.

Hoover said Vestcor still plans to complete the development but won’t begin construction until the for-sale product market, which includes Downtown employees and people seeking an urban core lifestyle, returns.

“You have a lot of people who really aren’t even in Downtown now. I assume that everything will be back to some form of normal,” Hoover said.

https://www.jaxdailyrecord.com/article/mendenhall-report-vestcors-town-house-development-in-lavilla-is-on-pause
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