Firehouse Subs, Wasabi Buffet destroyed in Five Points fire

[downtownjag]

I BET THE REPUBLICANS SET IT ON FIRE.  EVERYTHING ON THIS WEBSITE IS THE FAULT OF REPUBLICANS!!!!

[I-10east]

Hypothetically, if a large part of the STJC caught on fire, Yay!!!! it isn't urban, so throw a party!!!! 

Wouldn't hurt my feelings any if the whole damn place went up 

Whoa, there's a shocker! 

[funwithteeth]

Baptists burned it down as the place became a hotbed of atheist-homosexual-socialist homeless bums. All businesses in the King Street district take notice.

[MusicMan]

Quote:

"I'd love to live in the JG, but the prices are too high. How many people live in there...2? Eventually it'll go on the auction block. Then I'll look again."


FYI they are, except for two units at The Avenues, the best priced condos in all Riverside-Avondale. You may still consider them priced to high, but compared to the units they are competing with, they are priced correctly. They also boast the lowest HOA of any community in RAP. (And don't forget the 10 year tax break.)

Also, last time I checked they were owned (free and clear) by The Weavers, so if you are anticipating them to "go on the auction block" I think you are mistaken.

[ben says]

Quote:

"I'd love to live in the JG, but the prices are too high. How many people live in there...2? Eventually it'll go on the auction block. Then I'll look again."


FYI they are, except for two units at The Avenues, the best priced condos in all Riverside-Avondale. You may still consider them priced to high, but compared to the units they are competing with, they are priced correctly. They also boast the lowest HOA of any community in RAP. (And don't forget the 10 year tax break.)

Also, last time I checked they were owned (free and clear) by The Weavers, so if you are anticipating them to "go on the auction block" I think you are mistaken.

Again, I apologize to all for going off topic. But, I must ask, where to you see JG in the next five to ten years? I have it on good authority that they've sold 2 in 2 years (let's say that authority is wrong...the most I've ever heard quoting as selling is 4-5). I don't care how rich the Weavers are, I just don't see them sitting on it into eternity.

[Timkin]

Quote:

"I'd love to live in the JG, but the prices are too high. How many people live in there...2? Eventually it'll go on the auction block. Then I'll look again."


FYI they are, except for two units at The Avenues, the best priced condos in all Riverside-Avondale. You may still consider them priced to high, but compared to the units they are competing with, they are priced correctly. They also boast the lowest HOA of any community in RAP. (And don't forget the 10 year tax break.)

Also, last time I checked they were owned (free and clear) by The Weavers, so if you are anticipating them to "go on the auction block" I think you are mistaken.

Again, I apologize to all for going off topic. But, I must ask, where to you see JG in the next five to ten years? I have it on good authority that they've sold 2 in 2 years (let's say that authority is wrong...the most I've ever heard quoting as selling is 4-5). I don't care how rich the Weavers are, I just don't see them sitting on it into eternity.

Just that the Weavers took the time and had the resources and respect to take on John Gorrie is so Heartening. I wish there were more folks like them who took their example. Perhaps we would see many of our landmark structures such as Gorrie, continue to be used in a reasonable and practical way.

As to where it is headed... I think it depends on the economy, the Real Estate Market and job opportunities in the Jacksonville area in the future. 

Personally I think the Weavers took this on , realizing it would take a long time, if ever, to break even. My hat is off to them .

[ben says]

Quote:

"I'd love to live in the JG, but the prices are too high. How many people live in there...2? Eventually it'll go on the auction block. Then I'll look again."


FYI they are, except for two units at The Avenues, the best priced condos in all Riverside-Avondale. You may still consider them priced to high, but compared to the units they are competing with, they are priced correctly. They also boast the lowest HOA of any community in RAP. (And don't forget the 10 year tax break.)

Also, last time I checked they were owned (free and clear) by The Weavers, so if you are anticipating them to "go on the auction block" I think you are mistaken.

Again, I apologize to all for going off topic. But, I must ask, where to you see JG in the next five to ten years? I have it on good authority that they've sold 2 in 2 years (let's say that authority is wrong...the most I've ever heard quoting as selling is 4-5). I don't care how rich the Weavers are, I just don't see them sitting on it into eternity.

Just that the Weavers took the time and had the resources and respect to take on John Gorrie is so Heartening. I wish there were more folks like them who took their example. Perhaps we would see many of our landmark structures such as Gorrie, continue to be used in a reasonable and practical way.

As to where it is headed... I think it depends on the economy, the Real Estate Market and job opportunities in the Jacksonville area in the future. 

Personally I think the Weavers took this on , realizing it would take a long time, if ever, to break even. My hat is off to them .

I don't disagree w/ a single thing you said. I actually agree with it all. That being said, they're selling one a year. At this rate, we'll all be dead by the time the thing is sold out. Of course I'm being hyperbolic....but the point remains, even in this economy, everyone seems to recognize these lofts are amazingly priced w/ great financing opportunities. Why is nobody moving in?

[Tacachale]

^Because they are over priced compared to what else you can get in the area. And the renovation was so expensive that their unit price needs to be high to make up for it. It's too bad.

[Timkin]

I wonder if the Weavers would consider or are considering doing leasing as an alternative.  At least get some income rolling into the building.

I wish I could answer the question , Ben. In my case, I am not in position to buy , and I have an amazing deal in the home I have rented for the past six years. 

It is an amazing building and would be an awesome place to live.   If/When I am in a position to buy, it might be an option.

My first option, probably never will be an option.   No one seems willing or able to do a similar conversion to Annie Lytle.  For more reasons than just an interstate in front of it.  If I recall , the price tag for the renovation of Gorrie was 13mm (?)  So  with Annie Lytle being a somewhat smaller structure, I don't see it costing as much.  But then I am not in the development business.    That the interstate is in front , to me does not defeat it for any reuse.  But many do not see it that way.

Only in Jacksonville.   These places ( Gorrie and Lytle ) would probably do much better in another large City . 

Sorry for continuing off topic.

[ben says]

^Because they are over priced compared to what else you can get in the area. And the renovation was so expensive that their unit price needs to be high to make up for it. It's too bad.

Yeah I think that was my initial point.

I wonder if the Weavers would consider or are considering doing leasing as an alternative.  At least get some income rolling into the building.

I wish they would. As of right now, leasing is completely off the table. JG is open to investors who want to buy up to 6 units...but then again, the price is too high to recoup costs.

On a personal note, I'd love that corner unit at College/Stockton. Just can't justify the price at my age/income level. By the time I can afford it, not sure I'll want to live in a condo anymore. Tough situation...for the Weavers, potential investors, potential buyers/lessors...

[Timkin]

It seems to me , especially in today's economy and real estate market , that it is advantageous to rent over owning.

I love the funky unusual house I reside in  ,but I sure would not want to have to bear the costs of the renovation of it 6 years ago and the structural issues that cropped up from age.

I would love to approach the Weavers about Annie Lytle.. At least to point me in the direction of some entity who would take it on.  I think after this project with Gorrie, they might not want to take on another.  Of course the emergence of better and more numbers of jobs coming available in the City could help projects like Gorrie.

I am elated the building was spared and did not follow suit of Annie Lytle.

[MissMinda]

In response to the fire:

I would love to see this plot of land transformed into a place to DO something in 5 Points. Perhaps a place to rock climb, or a miniature golf course. Perhaps an art studio, where you can walk in and do all sorts of art projects with local artists. A skating rink? ...maybe that's too ...

I think it would be great to have a group come to 5 Points to engage in some activity like this, and then walk around the streets to shop and eat at local businesses.

As for the John Gorrie,

I think leasing would be a better option, as well. I've rented a house in the area now for 9 years. It's much easier to call a landlord if something big happens at the house, and quite frankly, although I've been here for a long time, I know it won't be my last stop, and I don't want to bother with selling a house.

[Dog Walker]

It would be a great improvement if they would just pull the whole place down and do something like 1661, but on a smaller scale.  The suburban strip center thing just doesn't work in this neighborhood and moving the building to the sidewalk would reduce the impact of the businesses on the nearby neighbors.

[downtownjag]

I can't really see them doing anything other than rebuilding what's there already.  I understand most people on this forum are discussing what would be nice, but there are leases in place with tenants and the strip center has been 100% occupied for some time. 

There are plenty of tenants that could come to the center that would bring new life though.  That would be a reasonable wish of mine.

[mtraininjax]

I would love to approach the Weavers about Annie Lytle.. At least to point me in the direction of some entity who would take it on.  I think after this project with Gorrie, they might not want to take on another.  Of course the emergence of better and more numbers of jobs coming available in the City could help projects like Gorrie.

If you want the Weavers help, ask quickly, they have many of their holdings for sale, including the house in San Marco, and are rumored to be looking to get out of Gorrie, since its only sold 5 and with this being Delores' own money, she may be wanting to cash out of the mess. Other rumor is that they want to head back to the midwest where they also have considerable holdings.

So time would be of the essence here.