Vestcor to demolish Edgewood bank building to prepare for apartments

[thelakelander]

Jacksonville-based Vestcor Inc. intends to demolish the former Bank of America office in August on Edgewood Avenue and start construction of the Lofts at Murray Hill apartments.

Ryan Hoover, president of Vestcor’s TVC Development Inc., said May 14 he expects construction to be completed at year-end 2021.

He estimates a total investment of almost $25 million.

Full article: https://www.jaxdailyrecord.com/article/vestcor-to-demolish-edgewood-bank-building-to-prepare-for-apartments

[marcuscnelson]

Sounds fine to me. Nothing particularly special about an old BofA branch.

[Tacachale]

I'm cool with this. A lot of pavement being turned into housing and retail.

[Fallen Buckeye]

I will miss Calvin and Hobbes though.

[acme54321]

This certainly can't hurt that part of edgewood

[Charles Hunter]

This is about in the middle of the Edgewood Avenue Complete Streets project by FDOT and COJ.
https://residentnews.net/2020/01/01/edgewood-avenue-to-get-road-overpass-rejuvenation/

[jaxlongtimer]

Is it just me or are the Vestcor "variations on a box' theme getting a bit stale?  Couldn't they find a wider range of architectural styles to blanket the City with?

[thelakelander]

The box is stale but it makes them money. However, the LaVilla townhouse project suggests they'll improve the look when there's competition or demand for a better looking project.

[MusicMan]

"The 117-unit Lofts at Murray Hill will be developed at 840 Edgewood Ave. S. It will provide 11,000 square feet of retail space on the ground floor.

He estimates a total investment of almost $25 million."

That's expensive......

[marcuscnelson]

It's a go.

https://www.jaxdailyrecord.com/article/city-permits-lofts-at-murray-hill-construction

[bl8jaxnative]

"The 117-unit Lofts at Murray Hill will be developed at 840 Edgewood Ave. S. It will provide 11,000 square feet of retail space on the ground floor.

He estimates a total investment of almost $25 million."

That's expensive......

What's that, 1/3?  a 1/4th of what it would cost in San Fran?

[Florida Power And Light]

I am so glad, and lucky, that my Murray Hull living arrangement was renting a house on Talbot Ave. $325 / Mo. Late 1980’s.
I could have bought the place then for around $45,000.