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Atlanta developer has multimillion dollar plan for East Jacksonville

“An Atlanta developer has purchased the century-old Union Terminal Warehouse with plans for a multimillion-dollar redevelopment that could bring three stories of mixed-income apartments to the struggling East Jacksonville neighborhood that borders downtown on the other side of the Matthews Bridge expressway. …”

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Source: The Florida Times-Union/Jacksonville.com

Savannah City Council OKs Sale of Downtown Building for Hotel

“The city’s Revenue Department, where residents pay their utility bills, will be moved to the Savannah Civic Center, following the Savannah City Council’s 5-3 vote Thursday to sell the Broughton Municipal Building.

The buyer, Columbia Ventures, plans to convert the six-story, mid-century building into a hotel with retail on the ground floor that would be mostly food- and beverage-oriented, and a terrace and event space on the roof, according to Savannah’s Real Estate Services Director David Keating. …”

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Source: savannahnow.com/Savannah Morning News

City of Savannah, Ga., considering hotel proposal for Broughton Street building

“The City of Savannah, Ga., is considering a developer’s proposal to turn a six-story municipal building into a hotel.

The Savannah City Council is scheduled to review Columbia Ventures’ $4.5 million offer for the Broughton Municipal Building at 132 East Broughton St. on Thursday, according to a story by SavannahNow.com. …”

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Source: Atlanta Business Chronicle

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