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Author Topic: Olio for Sale  (Read 8900 times)

Ken_FSU

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Olio for Sale
« on: March 31, 2021, 10:00:15 AM »
The hits keep coming :/

https://www.jaxdailyrecord.com/article/olio-owner-restaurant-space-listed-for-sale

One of my absolute favorite spots downtown.

A+ job by the city in providing some complimentary development for the restaurant across the street with the adaptive reuse of the City Hall Annex, the new Jacobs convention center, the Ford on Bay development, that grass field tentatively booked for a Smashmouth concert in 2023.

Bonus points for the city for boosting Olio's on-street parking rates, in the middle of a pandemic, when 70% of workers are remote, citing demand.

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thelakelander

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Re: Olio for Sale
« Reply #1 on: March 31, 2021, 11:20:58 AM »
That's very unfortunate. This is a big fear of mine when you hear plans to razing buildings and sites to prep them for future development. You pretty much kill the feasibility of existing businesses surrounding them for the foreseeable future....and that's without the added hit of a Covid-19 pandemic.

Quote from: Ken_FSU on March 31, 2021, 10:00:15 AM
A+ job by the city in providing some complimentary development for the restaurant across the street with the adaptive reuse of the City Hall Annex, the new Jacobs convention center, the Ford on Bay development, that grass field tentatively booked for a Smashmouth concert in 2023.

Wait, what? The anticipation is that the site will still be a grass field two years from now?! Good grief!
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BridgeTroll

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Re: Olio for Sale
« Reply #2 on: March 31, 2021, 04:31:59 PM »
Yeah but I'm all in for Smashmouth... 8) ::)
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jaxlongtimer

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Re: Olio for Sale
« Reply #3 on: March 31, 2021, 04:43:31 PM »
Interesting note from the article:
Quote
With the Hyatt Regency Jacksonville Riverfront fully booked by the U.S. Marine Corps for quarantining recruits until at least May, there haven’t been any hotel guests to visit the restaurant.

Have to imagine the Hyatt restaurants like Morton's would be similarly hurting if the Feds are feeding their own.  This is good intentions (a full hotel) gone awry (no ancillary benefits). Wonder what other businesses are feeling the pinch because of this.
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marcuscnelson

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Re: Olio for Sale
« Reply #4 on: March 31, 2021, 04:59:18 PM »
Speaking of Ford on Bay, is the Spandrel project just dead at this point? Seems very odd hearing nothing for the better part of a year.

To think we really could have had the convention center underway… Between this and the LaVilla townhouses some weird misses from DIA.
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thelakelander

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Re: Olio for Sale
« Reply #5 on: March 31, 2021, 05:14:38 PM »
Quote from: jaxlongtimer on March 31, 2021, 04:43:31 PM
Interesting note from the article:
Quote
With the Hyatt Regency Jacksonville Riverfront fully booked by the U.S. Marine Corps for quarantining recruits until at least May, there haven’t been any hotel guests to visit the restaurant.

Have to imagine the Hyatt restaurants like Morton's would be similarly hurting if the Feds are feeding their own.  This is good intentions (a full hotel) gone awry (no ancillary benefits). Wonder what other businesses are feeling the pinch because of this.

They are hurting. It doesn't help that even though these places face the riverwalk, other than Morton's, no one on the riverwalk can tell they exist.
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Ken_FSU

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Re: Olio for Sale
« Reply #6 on: February 25, 2022, 05:16:43 PM »
Closing March 11th  :'(
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MusicMan

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Re: Olio for Sale
« Reply #7 on: February 26, 2022, 11:36:27 AM »
It's been sold, so another vendor is probably moving in....  rumor has it Gili's Kitchen (currently on Adams Street) is leasing it. Ownership is from South Florida?
« Last Edit: February 26, 2022, 11:41:48 AM by MusicMan »
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tufsu1

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Re: Olio for Sale
« Reply #8 on: February 28, 2022, 01:47:09 PM »
Gili's would be nice
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MusicMan

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Re: Olio for Sale
« Reply #9 on: April 27, 2022, 04:49:48 PM »
FYI  No Gili's.....

New owners are speculators out of South Florida.  They are using an Orlando firm to search for a new tenant.
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