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