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ACHP Leadership’s Tour of Union Terminal Warehouse Highlights Florida’s First Use of Opportunity Zone and Historic Tax Credits

  • Union Terminal Warehouse

JACKSONVILLE, FL – ACHP Chairman Aimee Jorjani and ACHP Vice Chairman Rick Gonzalez today toured the Union Terminal Warehouse project in Jacksonville, Florida, located in one of 21 Duval County-designated Opportunity Zones. Originally constructed in 1913, work is underway to turn the former warehouse into a mix of apartments, commercial space, maker/artist studios, and restaurants.

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Joining Chairman Jorjani and Vice-Chairman Gonzalez on the tour were Jacksonville City Councilman Reginald “Reggie” Gaffney, an avid supporter of and advocate for the project; representatives from the developer Columbia Ventures, Jacksonville’s Downtown Investment Authority, and City of Jacksonville’s Historic Preservation department; and Chuck Shealy from Local Initiative Support Corporation, who provided acquisition debt financing and continues to be an advocate for the redevelopment.

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Source Advisory Council on Historic Preservation (ACHP)

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Developer seeks to begin selective demolition at Union Terminal Warehouse

  • Union Terminal Warehouse

Atlanta-based Columbia Ventures plans to restore, convert building into apartments.

Atlanta-based Columbia Ventures LLC applied to the city for selective demolition within the Union Terminal Warehouse at 700 E. Union St. as it plans to convert the structure for mixed uses.

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Columbia Ventures intends to convert the structure into apartments through adaptive reuse and a historic tax credit conversion.

Plans say the demolition is for a project that involves the remodeling of the historic Union Terminal Warehouse built in 1913.

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Source JaxDailyRecord.com

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City investment in medical district apartments paying off

  • Beacon Station

Augusta’s investment in the $32 million Beacon Station complex is paying off, officials said Wednesday.

Members of the city Urban Redevelopment Agency, which developed and financed the deal, along with Augusta Housing and Community Development oohed and aahed during a Wednesday tour.

Workers were still putting final touches on Beacon’s pool, grounds, dog park and soon-to-open Inner Bean Cafe, but the pet-friendly complex has become 26 percent occupied and 29 percent leased in its first month open, said complex manager Amber Hobbs.

Inner Bean, which has a location on Davis Road, has a three-year lease at Beacon and has an entrance for the public on Wrightsboro Road as well as an entrance for residents. The cafe’s soft opening is next month, Hobbs said.

Located across R.A. Dent Boulevard from the Dental College of Georgia, the complex’s 221 one-, two- and three- bedroom units are complete, and overall the complex is 85 to 90 percent finished, she said. The market-rate units vary in size and range from around 700 square feet to nearly 1,500 square feet.

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Source The Augusta Chronicle

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