Buyer for the trio?

ben says · September 20, 2012, 03:02:44 PM

http://www.bizjournals.com/jacksonville/news/2012/09/20/pennsylvania-buyer-emerges-for.html

Potential buyer for the trio?

?

Tacachale · September 20, 2012, 03:06:37 PM

Interesting. It would be interesting to hear what Linea will say about this.

ben says · September 20, 2012, 03:11:04 PM

Quote from: Tacachale on September 20, 2012, 03:06:37 PM
Interesting. It would be interesting to hear what Linea will say about this.

Hopefully more news will be forthcoming.

urbaknight · September 20, 2012, 03:39:03 PM

They cut out the apartment's?! Well damnit that figures! Apartments are the best thing about them. DT desperately needs more apartments. Now what the Hell's going to be there?

ben says · September 20, 2012, 03:57:28 PM

Quote from: urbaknight on September 20, 2012, 03:39:03 PM
They cut out the apartment's?! Well damnit that figures! Apartments are the best thing about them. DT desperately needs more apartments. Now what the Hell's going to be there?

Whose "they"?? Linea? Apparently they're not involved anymore. It's a Pennsylvania company now.

Breaking News from JBJ: http://www.bizjournals.com/jacksonville/news/2012/09/20/pennsylvania-buyer-emerges-for.html

thelakelander · September 20, 2012, 04:04:37 PM

Quote from: urbaknight on September 20, 2012, 03:39:03 PM
They cut out the apartment's?! Well damnit that figures! Apartments are the best thing about them. DT desperately needs more apartments. Now what the Hell's going to be there?

Given the amount of money one would have to put into those buildings and the limited floor plates, turning them into apartments isn't a easy thing to pull off. If one wanted to convert an old building into apartments, they'd be better off going after the Ambassador, old JEA building, Furchgotts, or Monticello Drug Company buildings.

urbaknight · September 20, 2012, 04:08:57 PM

The Barnett building should be apartments.

thelakelander · September 20, 2012, 04:11:34 PM

^I didn't recognize that they put the Barnett under contract as well. I glanced at the thread title, saw "Trio" and went from there. Out of the four buildings, it's the only one that could be. It could work as a hotel or mix of several uses as well.

simms3 · September 20, 2012, 04:13:49 PM

Maybe the PA firm is partnered with Linea, LLC. From the looks of it, it doesn't sound like Linea, LLC has the money on its own to buy the trio or we would have had heard more news by now, surely (it's been 3 years now, right?). If there is a partnership perhaps Linea plays the Developer role.

Not enough information but for guesswork.

Dog Walker · September 20, 2012, 05:23:50 PM

I keep hearing third hand rumors (somebody I know, knows somebody who knows) that Shah Kahn is behind some of the companies that are negotiating to buy downtown properties.

Sounds like someone's hopes, like mine, turned into stories, but we can at least hope it is so.

acme54321 · September 20, 2012, 05:37:05 PM

I've heard similar rumors, but not khan, these were a rich family from up north. Descendants of the Rockefellers or something lol.

Tacachale · September 20, 2012, 05:51:03 PM

^I've heard it was aliens.

jcjohnpaint · September 20, 2012, 08:09:28 PM

I heard it was Socialist Developers

thelakelander · September 20, 2012, 08:22:36 PM

No, it's a 10-story Wendy's restaurant being developed by Sleiman because of the mobility fee moratorium. Expect 1,000 jobs to be created and all the drywall installers in town to be employed again.

BigGuy219 · September 20, 2012, 09:32:33 PM

Quote from: thelakelander on September 20, 2012, 08:22:36 PM
No, it's a 10-story Wendy's restaurant being developed by Sleiman because of the mobility fee moratorium. Expect 1,000 jobs to be created and all the drywall installers in town to be employed again.

A 10-story Wendy's around the corner from me?

Could it possibly be?

Oh how you torment me!