Columbia Ventures is seeking $9.2 million in city incentives for the mixed-use project with 228 apartments.

Atlanta-based Columbia Ventures LLC is negotiating with the city for $9.2 million in gap funding for its proposed $61 million adaptive reuse of the historic Union Terminal Warehouse near Jacksonville’s Eastside.

A statement April 15 by Columbia and documents it submitted to the Downtown Investment Authority outline a 228-unit mixed-use redevelopment of the 108-year-old warehouse at 700 E. Union St. …

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Source: Jacksonville Daily Record

Atlanta-based Columbia Ventures plans to pursue historic tax credits for an adaptive reuse project.

The Jacksonville City Council named the Eastside area’s historic Union Terminal Warehouse at 700 E Union St. a local landmark at the request of the owner East Union Property Owner LLC.

Council voted 19-0 on April 13 to approve the landmark designation, which will make Atlanta-based Columbia Ventures LLC’s plans to convert the structure into apartments eligible for city incentives and federal historic tax credits.

The final vote follows the Council Land Use and Zoning Committee’s 7-0 approval April 6. …

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Source: Jacksonville Daily Record

The city issued a permit for Columbia Ventures to start selective demolition at the Eastside area property.

Interior work can begin at the historic Union Terminal Warehouse at 700 E. Union St. in the Eastside area not far from TIAA Bank Field.

The city issued a permit Jan. 6 for WPC – Winter Park Construction – to perform the $2.7 million demolition and concrete restoration of the four-story, 365,434-square-foot building for mixed uses.

Atlanta-based Columbia Ventures LLC intends to convert the structure into apartments through adaptive reuse and a historic tax credit conversion. …

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Source Jacksonville Daily Record