Barnett Bank Building Foreclosed

[KenFSU]

Current State Of Barnett Bank Building

https://imgur.com/a/NzK8t Album in link

Great photos, thanks for the share.

THAT EXPOSED BRICK <3

Building is in need of a lot of TLC, but man, so much potential.

[RattlerGator]

Hmmmmm . . . so now contingencies have morphed into commitments and begging to be fronted $8 million on speculative assurances from some private entity with no skin in the game whatsoever is somehow tantamount to the City of Jacksonville reneging? Uh, no.

And it may just be me but this is one whopper of a sentence: "What Steve should have done early is litigate the breach by Stache and demand that they find replacement leases or honor the costs themselves."

A breach, huh? He should demand, huh? Honor costs, huh !?! Wowza.

[icarus]

idk - the whole issue is getting financing right?  if khan does anything to Barnett you have to think the trio would be a much easier to sell to a banker or the like.

the financiers could care less if the guy who developed the Barnett screwed the owner of the trio- they just know with a functioning building across the street the trio is way less risky than as it stands today.

plenty more to the story sure, but bottom line adkins couldn't deliver a deal.  he's also not going to get anything done on the trio w/o a major change of heart from coj and/or the Barnett getting developed and a financier having increased confidence to jump in.

Barnett and trio need each other- not going to be able to flip Barnett for anything worth khans time if trio is still vacant.

Unfortunately this is probably the best outcome at this point, but I'm hopeful khan pulls through.  This really isn't worth his time otherwise

Except .... Parking ... redevelopment of the Trio included a parking garage component. Any future development of Barnett would have to include provision for parking ... good luck.

[MusicMan]

That would be true EXCEPT by the time this building gets renovated we will all be in self driving cars that will not need to be parked on site. They will drop you off at work then drive (by themselves) to a safe and remote place, only to be recalled by you using your super cool futuristic device, picking you up at precisely 5:08 pm as you exit the building.

[heights unknown]

What's funny about the agreement to foreclose is that in Jacksonville that is considered "progress".

It's actually damn sad as well.

Amen. Sad is putting it VERY lightly in terms.

[heights unknown]

Crazy thing is that as many as 1800 - 2000 residential units could be under construction, in and around downtown, by the end of the year. That's the most at one time in decades. So some of the doom and gloom may be misplaced.

Do you think it (residential addition(s)) will happen by the end of this year? I hope so. We in this forum are all getting to be old farts and we will soon push up daisies; we can't stay here forever, but it certainly seems that most of our leaders think we, and they, have a lot of time left.

[heights unknown]

Current State Of Barnett Bank Building

https://imgur.com/a/NzK8t Album in link

Oh dear; if they don't do something soon with this building and the trio, I'm afraid they'll all have to be condemned and torn down. Are they still in good shape or borderline salvage?

[heights unknown]

That would be true EXCEPT by the time this building gets renovated we will all be in self driving cars that will not need to be parked on site. They will drop you off at work then drive (by themselves) to a safe and remote place, only to be recalled by you using your super cool futuristic device, picking you up at precisely 5:08 pm as you exit the building.

"Dream on," (Aerosmith 1973). I hope YOU, as young as you probably are, get to see such things but don't bet on it. They will happen if we don't get nuked first. However, back to Jax, if our leaders don't quit piddling and twiddling around, nothing will ever happen positively or significantly in BIG JAX.

[thelakelander]

Crazy thing is that as many as 1800 - 2000 residential units could be under construction, in and around downtown, by the end of the year. That's the most at one time in decades. So some of the doom and gloom may be misplaced.

Do you think it (residential addition(s)) will happen by the end of this year? I hope so. We in this forum are all getting to be old farts and we will soon push up daisies; we can't stay here forever, but it certainly seems that most of our leaders think we, and they, have a lot of time left.

A couple hundred units are already under construction right now. Another major residential infill project has filed its plans with the city:

https://www.jaxdailyrecord.com/showstory.php?Story_id=548235

According to this link, that project now includes 15,000 square feet of downtown retail, which is pretty cool, IMO.

http://www.naihallmarkpartners.com/wp-content/uploads/2016/02/fl-011916-615-Houston-St.pdf

[vicupstate]

It is a shame to see the building breached such that it is now exposed to the elements again.  I hope that is fixed immediately. Before it was in pretty stable/mothball condition correct?

[thelakelander]

^It's been that way for years.....ever since Cameron Kuhn went belly up. It was gutted out when Kuhn planned to convert it into apartments a decade ago. Kuhn installed those windows, which I believe will have to be replaced. It was during this time that the hole in the floors was created to be used as a construction trash chute.

[vicupstate]

I was referring to the mold that I assume started when the new windows were penetrated?

[icarus]

It is a shame to see the building breached such that it is now exposed to the elements again.  I hope that is fixed immediately. Before it was in pretty stable/mothball condition correct?

Actually not so much, I went through it with a due diligence team prior to Kuhn ... there were severe mold issues, aesbestos, etc, prior to Cameron.  If anything, he skipped a few steps on remediation, i.e. regulations, and actually cleared out a lot of the prior issues.

I cant imagine being left open to the elements for to long will prevent more mold from manifesting.

[thelakelander]

I was referring to the mold that I assume started when the new windows were penetrated?

Kuhn installed those windows about 10 years ago. They've been open ever since. He also did most of the necessary strip down and demo for both the Barnett and the Trio.

[Non-RedNeck Westsider]

I'm pretty sure that since there's no mechanical ventilation system operating inside the building, the windows being open actually help the building to 'breathe' and helps curb mold growth.