June 23, 2022

Restoration of the Union Terminal Warehouse underway

Union Terminal Warehouse

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.

Source: The Jaxson

June 6, 2022

Columbia Ventures Opens Viña Apartments in Denver, CO

48th and Race, Viña Apartments

Permanent Large Scale and Deep Affordability Achievement in Elyria-Swansea Neighborhood

Columbia Ventures has created a new, landmark community in the Elyria-Swansea neighborhood of Denver that’s under dramatic displacement pressure due to rising prices. Featuring 150 units of quality housing with a significant medical clinic and ancillary retail, the development is a permanent commitment to workforce and affordable housing.

“We’ve now carved out the first phase of this community just steps from the 48th & Brighton National Western Center Station RTD station,” said Columbia Ventures’ Managing Partner Dillon Baynes. “And it delivers—half of the apartments are targeted at teacher and first responder incomes (80% of area median income), and half target incomes at the 30% and 50% of area median income levels. This is real affordability.”

Viña Apartments offers units ranging from studios to three bedrooms with a suite of modern amenities.

“The City and County of Denver is proud to partner to deliver affordable housing, enabling households of all income levels to benefit from mass transit for generations to come,” said Britta Fisher, executive director of Denver’s Department of Housing Stability.

Source: Denverite

May 31, 2022

Union Terminal Warehouse retrofit wins $8.29 million in public incentives

Union Terminal Warehouse

The Jacksonville City Council authorized $8.29 million in public financing for an Atlanta-based developer’s plan to renovate and adapt the historic Union Terminal Warehouse into mixed-income housing and retail.

Columbia Ventures told city officials they expect to take two years to finish work on the 109-year-old building at 700 E. Union St. near the Springfield, Downtown and Eastside neighborhoods.

Plans for the $57.1 million project include a minimum of 220 workforce and market-rate apartments and 38,000 square feet of commercial and retail space.

The company pitched some of the retail spaces to the Downtown Investment Authority in May 2021 as studios and “maker’s spaces” to attract artists.

Source: Jax Daily Record

Press

News

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.

Columbia Ventures Opens Viña Apartments in Denver, CO

Union Terminal Warehouse retrofit wins $8.29 million in public incentives