The heart of Jacksonville’s downtown could be getting a hotel, apartment space, retail, offices, dining options and a rooftop bar.
Jacksonville’s Downtown Investment Authority recommended Wednesday nearly $10 million in city incentives for the developers of four historic buildings near Hemming Park.
Since 2013, there’s been talk of repurposing the empty buildings, but it hasn’t happened. Now, the Molasky Group and SouthEast Group development companies are partnering on the $79 million project.
The proposed restoration includes the Barnett Bank building and the Laura Street Trio at the corner of Forsyth and Laura streets.
The redevelopment of Barnett Bank building, built in 1926, is estimated to cost $34 million. The proposal is to create two floors of retail, four floors of office space and 110 apartments. Developers would receive $4 million in incentives for this project.
The trio includes the Bisbee Building, the Florida Life Building and the Marble Bank, all built in the early 1900s. The buildings would become a hotel with floors of retail space, a gym, restaurant and rooftop bar. That project is estimated to cost more than $44 million and developers would receive $5.8 million in incentives.
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