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Review board signs off on design for Columbia Ventures in Brooklyn

The Atlanta-based developer plans an estimated $100 million apartment and retail project at Forest and Park streets.

Atlanta-based Columbia Ventures LLC is a step closer to breaking ground on its proposed five-story, 341-unit mixed-use apartment community at Park and Forest streets in Brooklyn. 

The Downtown Development Review Board voted 7-0 on July 14 to grant final design approval for the residential and retail project at Forest and Park streets that Columbia Ventures co-founder and Managing Partner Dillon Baynes said in an email May 9 will be a $100 million investment. 

He said the company “loves the Florida Story, the Sunbelt Story and the Jacksonville Story,” Baynes said in the email. 

“We are all in,” he said. “We have an office in Savannah two hours away and have been in the market for almost four years. We hope to find other great opportunities in time.”

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Source: Jax Daily Record

Rising BeltLine project inks celebrated bagel shop, displaced gym

Columbia Ventures’ development will include 114 rentals with affordable housing component over Eastside Trail

While it’s only a few stories out of the ground and a year from completion, a mixed-use development where the BeltLine meets Edgewood Avenue is signing retail tenants that could interest legions of intown Atlantans.

Dillon Baynes, Columbia Ventures’ managing partner, tells Urbanize Atlanta the company’s next phase of Studioplex redevelopment has recently signed leases with Emerald City Bagels and fit-boxing gym VESTA.

For the popular New York-style bagel shop, operated by mother-daughter duo Deanna and Jackie Halcrow, the location beside the Eastside Trail will be the first outside of East Atlanta Village, where the former pop-up business opened its first brick-and-mortar in 2018.  

VESTA, the fitness concept, is being forced to vacate the 774 Ponce de Leon Avenue gym location it opened in 2015 in light of pending redevelopment that could also claim Ponce stalwarts such as The Local and MJQ.

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Source: Urbanize Atlanta

Restoration of the Union Terminal Warehouse underway

After being acquired by Columbia Ventures in December 2018, with plans to utilize historic tax credits and opportunity zone equity as key components of the capital stack, the restoration of the Eastside’s 109-year-old Union Terminal Warehouse is now moving forward.

Covering 330,000 square feet of space, the Union Terminal Warehouse Company was said to be the largest warehouse in Florida when it was completed in 1913 by the Turner Construction Company. Now Columbia Ventures is poised to renovate the Eastside landmark at 700 East Union Street into a mixed-use development featuring 220 workforce and market-rate apartments and 38,000 square feet of commercial, retail and dining space. In addition, the project will include an 80 space indoor parking area and a rooftop amenitized with a rooftop terrace.

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Source: The Jaxson

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