Author Topic: Mixed-use project proposed for Ambassador Hotel block  (Read 7458 times)

thelakelander

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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #15 on: June 15, 2021, 11:33:46 AM »
If they aren't able to pull the Ambassador off as a hotel, I do wonder how it will impact the other two projects tied to it?
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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #16 on: June 15, 2021, 12:15:55 PM »
I'm fine with it at this point. I rather see the retail of the various developments clustered together as opposed to spread out at random locations of each site. The retail is pushed to Julia in the Marine National Bank, the Ambassador and the Independent Life Building. If we zoom out a bit, this also aligns with the clustering of retail along Julia with the JEA headquarters and the redevelopment of the Porter House block. By the same token, if we zoom out and look at the surrounding area, Pearl is more of a service street. What's happening here is something the DIA should have attempted on a much larger level through the core of downtown. Identifying retail vs service corridors.
Great assessment and post Lake...thank you. However, as you well know, they NEVER think through ANYTHING; they almost ALWAYS act on impulse and "knee jerk" assertions.
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tufsu1

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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #17 on: June 15, 2021, 02:26:59 PM »
https://www.jaxdailyrecord.com/article/ambassador-hotel-developer-asks-dia-for-more-time-to-secure-financing

Looks like the flag has switched from La Quinta to TRYP by Wyndham.


still the same parent corporation - TRYP makes more sense and may help in securing financing (higher end chain)
« Last Edit: June 15, 2021, 02:29:07 PM by tufsu1 »

marcuscnelson

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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #18 on: June 17, 2021, 01:49:11 PM »
So, to the young people fighting in this movement for change, here is my charge: march in the streets, protest, run for school committee or city council or the state legislature. And win. - Ed Markey

thelakelander

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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #19 on: June 17, 2021, 02:29:51 PM »
100% complete by December 31, 2022?! A historic restoration at that? I'll be surprised if they get that building done by then. I assume that they still need DDRB approval for the exterior?
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landfall

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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #20 on: June 17, 2021, 04:37:00 PM »
Its amazing how even these restorations let alone new construction move at a snails pace.

Shows you how weak the market is. Yet in Southside, SJC they fire these projects out.

Zac T

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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #21 on: June 17, 2021, 05:36:54 PM »
Its amazing how even these restorations let alone new construction move at a snails pace.

Shows you how weak the market is. Yet in Southside, SJC they fire these projects out.

To be fair, there's not much historic restoration being done in the Southside

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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #22 on: June 17, 2021, 10:59:29 PM »
I don't think it's the market per se, maybe, but I think it's more Jax than anything.
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Zac T

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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #23 on: July 04, 2021, 10:21:27 AM »
Ambassador Project should begin this month after securing a construction loan.

Quote
Augustine Development Group President Bryan Greiner told the Business Journal via email that the group closed on a construction loan Wednesday that will allow it to move forward with a project to redevelop the historic Ambassador Hotel building.

https://www.bizjournals.com/jacksonville/news/2021/07/02/ambassador-hotel-project-secures-construction-loan.html

thelakelander

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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #24 on: July 04, 2021, 12:36:12 PM »
Great news to hear!
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heights unknown

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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #25 on: July 05, 2021, 03:09:23 PM »
Ambassador Project should begin this month after securing a construction loan.

Quote
Augustine Development Group President Bryan Greiner told the Business Journal via email that the group closed on a construction loan Wednesday that will allow it to move forward with a project to redevelop the historic Ambassador Hotel building.

https://www.bizjournals.com/jacksonville/news/2021/07/02/ambassador-hotel-project-secures-construction-loan.html
Good, and, great news. Drove by there this morning and boy what a depressing looking eyesore. I had many a good times though in that basement lounge.
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Zac T

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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #26 on: July 15, 2021, 02:55:55 PM »
The DDRB unanimously approved the plans to turn the Ambassador Hotel into a La Quinta Inn & Suites. Big win for downtown

heights unknown

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Re: Mixed-use project proposed for Ambassador Hotel block
« Reply #27 on: July 15, 2021, 03:14:02 PM »
The DDRB unanimously approved the plans to turn the Ambassador Hotel into a La Quinta Inn & Suites. Big win for downtown
YAYYYYY!!!!!!!
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