QuoteThe possibility of funding dimmed in late January when Mayor Lenny Curry's chief administrative officer told the DIA there would be no investment from the city until a fix to the city's pension issues is found.
"I support what the mayor wants to do with the pension fund," Atkins said. "That doesn't mean the private sector doesn't want to assist with more than one thing at a time."
Atkins told the Jacksonville Business Journal that some of his potential tenants are willing to wait, but they won't be willing to wait forever.
He also pointed out that there are rumblings that the economic cycle could be turning, and that even if he started construction today, the Barnett Bank Building would take about 10 to 12 months and the Laura Street Trio would take about 20 to 22 months to deliver.
Full article: www.bizjournals.com/jacksonville/news/2016/02/18/laura-street-trio-developer-says-pieces-are-in.html
He sure can stay in the news.
Seriously-hasn't this been the status for like 2 years?
Interesting comment about having the money to settle with Khan. i had not been aware of that. Changes my perspective a bit if true.
He doesn't have the money or we wouldn't be in this situation. Never made a mortgage payment and foreclosure is a surprise?
He won't give his real name because he wants to talk out of his ass on issues that he knows nothing about... In fact, he wanted the Barnett for himself but failed, just like he did on his other attempts at downtown projects. Jealously is an ugly trait. Atkins' financing is solid.
In my 20 years working for the government I learned the following things that I still apply in my daily retired life: 1) Never take NO for an answer; 2) If there's a will, there's always a way; 3) Erase the words "if, might, maybe, and but" from your vocabulary; 4) When undertaking a project always do the feasibility homework before taking it on permanently; you may not be able to receive it and see it through to completion; 5) If the funds are not there, then don't undertake the project; 6) Always apply initiative, dedication, motivation, professionalism, pride, discipline, and confidence in undertaking any project...without these, there is an extremely high possibility that the project will not work, will not be completed, and the goals and objectives for the project will be lost.
Since leaving the government, I have worked in supervisory and managerial positions with several civilian companies. I excelled wherever I worked, however, I was always confronted or viewed with a wary eye, that is, people never wanted to work with me because I instilled most or all of the aforementioned into my daily work routine. It always seemed to me that everyone, from the top down, were "in it" so to speak only for themselves, and in general, the "team spirit" concept, or working together toward a common goal attitude was minimal or non-existent. It appears to me that many in the civilian sector are either light hearted, or feeble in their confidence and aggressiveness towards undertaking a project, doing the pre-analyzation and feasibility and sustainability of the project based on the available resources, and also doing the homework (completely) regarding ensuring that all aspects and points relative to seeing the project through to completion (attaining goals and objectives), are checked and finalized before taking the project on.
I was not elected to a position within city or county government. That being said, it is the responsibility and duty of those elected officials, and others appointed by them, to do their jobs on behalf of and for the public at large; and in my opinion, THIS IS NOT BEING DONE IN MY BELOVED JAX. Please don't beat me up, I love Jacksonville dearly; but it hurts me to go to Orlando, Miami, Tampa, or even Sarasota and see cranes swinging around and towers going up, and then go to Jax and there is nothing, absolutely almost nothing, going on.
Love you guys; don't beat me up too bad (LOL).
Heights
Take note Jacksonville, this is how you restore a historic downtown property........
http://miami.curbed.com/2016/3/24/11299216/langford-hotel-downtown-miami
http://www.jaxdailyrecord.com/showstory.php?Story_id=547277
QuoteSoutheast Development Group is proposing construction of a 551-space parking structure at 28 W. Adams St., the current location of a surface parking lot owned and operated by the city.
Southeast would use about half of the spaces for tenants at the former Barnett Bank building and would offer the rest for long- and short-term parking.
Southeast retained Atlanta-based management company Parksimple to survey the level of interest in the garage project.
According to Parksimple Vice President of Sales Robert Day, based on the response to the survey, there is "a lot of interest" in having more parking options for Downtown tenants.
What does this mean for the Trio project as a whole?
^That they're really good at staying in the news.
Amen. While I live this proposal, I've not seen this much publicity with no results in a VERY long time.
Quote from: FlaBoy on March 28, 2016, 10:25:03 AM
http://www.jaxdailyrecord.com/showstory.php?Story_id=547277
QuoteSoutheast Development Group is proposing construction of a 551-space parking structure at 28 W. Adams St., the current location of a surface parking lot owned and operated by the city.
Southeast would use about half of the spaces for tenants at the former Barnett Bank building and would offer the rest for long- and short-term parking.
Southeast retained Atlanta-based management company Parksimple to survey the level of interest in the garage project.
According to Parksimple Vice President of Sales Robert Day, based on the response to the survey, there is "a lot of interest" in having more parking options for Downtown tenants.
What does this mean for the Trio project as a whole?
Downtown could always use another parking garage.
Could they please require street-level retail and not fake windows for 'future' development.
Quote from: BoldCityRealist on March 28, 2016, 02:44:41 PM
Quote from: FlaBoy on March 28, 2016, 10:25:03 AM
http://www.jaxdailyrecord.com/showstory.php?Story_id=547277
QuoteSoutheast Development Group is proposing construction of a 551-space parking structure at 28 W. Adams St., the current location of a surface parking lot owned and operated by the city.
Southeast would use about half of the spaces for tenants at the former Barnett Bank building and would offer the rest for long- and short-term parking.
Southeast retained Atlanta-based management company Parksimple to survey the level of interest in the garage project.
According to Parksimple Vice President of Sales Robert Day, based on the response to the survey, there is "a lot of interest" in having more parking options for Downtown tenants.
What does this mean for the Trio project as a whole?
Downtown could always use another parking garage.
Not sure if this is meant as sarcasm or not, but I work at 301 Bay St, and since Citizens moved in....yeah, we could use another parking garage.
We could also use some more decent choices of food on the west side of Main St.
Quote from: Houseboat Mike on March 30, 2016, 09:14:03 PM
Not sure if this is meant as sarcasm or not, but I work at 301 Bay St, and since Citizens moved in....yeah, we could use another parking garage.
We could also use some more decent choices of food on the west side of Main St.
301 Bay St is directly across the street from a skyway station and next to or catty-corner to, as I count it, 5 parking lots/garages.
Quote from: Kerry on March 28, 2016, 02:56:31 PM
Could they please require street-level retail and not fake windows for 'future' development.
The garage would replace a surface parking lot with street level retail, an outdoor public plaza and a future infill building pad. However, whether they get city funding or not to make the entire project a reality is anyone's guess.
(http://photos.metrojacksonville.com/photos/3559226156_5LBK9hT-900x2000.jpg)
For the alt public art location at forsyth and laura, they should make a parklet or some sort of curb cut out. The park will take away all the food truck parking, so we need somewhere for them to go during artwalk, first friday's, the expanded night market, or whatnot.
Quote from: Murder_me_Rachel on March 30, 2016, 09:38:20 PM
Quote from: Houseboat Mike on March 30, 2016, 09:14:03 PM
Not sure if this is meant as sarcasm or not, but I work at 301 Bay St, and since Citizens moved in....yeah, we could use another parking garage.
We could also use some more decent choices of food on the west side of Main St.
Pho, Zodiac, Magnificat, Atrium cafe, that place next to Legal Aid, Pita Pit, 7 Eleven, Village Bread, Hooters, Chicago Pizza, NOLA, bunch of food trucks, places down by the courthouse, Farah's (or maybe its Akels?) Deli...
Do you ever read the restaurant inspection reports? I beg you, stay away from the restaurants at the Landing!! Unless you don't mind that a rat has taken a bite before you....
Quote from: jaxcpa on March 31, 2016, 12:11:56 PM
Quote from: Murder_me_Rachel on March 30, 2016, 09:38:20 PM
Quote from: Houseboat Mike on March 30, 2016, 09:14:03 PM
Not sure if this is meant as sarcasm or not, but I work at 301 Bay St, and since Citizens moved in....yeah, we could use another parking garage.
We could also use some more decent choices of food on the west side of Main St.
Pho, Zodiac, Magnificat, Atrium cafe, that place next to Legal Aid, Pita Pit, 7 Eleven, Village Bread, Hooters, Chicago Pizza, NOLA, bunch of food trucks, places down by the courthouse, Farah's (or maybe its Akels?) Deli...
Do you ever read the restaurant inspection reports? I beg you, stay away from the restaurants at the Landing!! Unless you don't mind that a rat has taken a bite before you....
yeah, last time I was at the pizza place there, and a roach scurried across the bar as I was taking a bite of the pizza, was the last day I ate at the landing.
Anyone know if this project has any shot of progressing without the city kicking in that $8 million?
If Laura Street is going to happen, I can't imagine a better time economically.
Where are Rockville and those other festivals moving too? I am assuming the Stadium Amphitheater doesnt quite work for festival type events.
Honestly blows my mind how city leaders seem to be perfectly okay with having massive buildings sit there to rot away into the abyss. Absolutely embarrassing.
Quote from: stephendare on July 14, 2016, 12:35:27 PM
Quote from: Snufflee on July 14, 2016, 12:21:09 PM
Where are Rockville and those other festivals moving too? I am assuming the Stadium Amphitheater doesnt quite work for festival type events.
He's shopping around. Probably they will end up in Palm Coast.
Sigh... why can't we have nice things... Not sure that the new amphitheater is going to attract the bands that Rockville attracted as headline concerts. This is looking like a colossal waste of time and money.
I dunno.. the bombed out Eastern European look is growing on me. Visit Jacksonville should consider running an Urban Exploration campaign.
To their credit, the Laura Street Trio folks have always said their project is impossible without the DIA subsidy. That doesn't seem any more likely now than it has the last several years.
Not sure what Rockville has to do with this. There's no reason they shouldn't be able to use Metro Park again the same way they've used it for years. For concerts, it's effectively just an empty lot and has been ever since the little bandshell thing got too unsafe to use. And if it doesn't work out, there are plenty of other lots they could use, including another just a few blocks away at the Fairgrounds.
Quote from: Tacachale on July 14, 2016, 01:02:27 PM
To their credit, the Laura Street Trio folks have always said their project is impossible without the DIA subsidy. That doesn't seem any more likely now than it has the last several years.
Not sure what Rockville has to do with this. There's no reason they shouldn't be able to use Metro Park again the same way they've used it for years. For concerts, it's effectively just an empty lot and has been ever since the little bandshell thing got too unsafe to use. And if it doesn't work out, there are plenty of other lots they could use, including another just a few blocks away at the Fairgrounds.
Wasn't the issue with using Metro Park for things like Welcome to Rockville right now the fact they closed off part of the park from use, not just stopped the band stand from being used, nor have they, as far as I have heard, made arrangements to either tear it down (where's MCCD when you need them?;) )or fix the thing.
The facts are we are now not gaining venues but loosing them. We are not progressing but rather going backwards.
Quote from: strider on July 14, 2016, 01:42:45 PM
Quote from: Tacachale on July 14, 2016, 01:02:27 PM
To their credit, the Laura Street Trio folks have always said their project is impossible without the DIA subsidy. That doesn't seem any more likely now than it has the last several years.
Not sure what Rockville has to do with this. There's no reason they shouldn't be able to use Metro Park again the same way they've used it for years. For concerts, it's effectively just an empty lot and has been ever since the little bandshell thing got too unsafe to use. And if it doesn't work out, there are plenty of other lots they could use, including another just a few blocks away at the Fairgrounds.
Wasn't the issue with using Metro Park for things like Welcome to Rockville right now the fact they closed off part of the park from use, not just stopped the band stand from being used, nor have they, as far as I have heard, made arrangements to either tear it down (where's MCCD when you need them?;) )or fix the thing.
The facts are we are now not gaining venues but loosing them. We are not progressing but rather going backwards.
So far as I know, the only things that affected the last Rockville in April were the lack of the bandshell (which hasn't been safe to use since last year) and not having access to the EverBank lot across the street due to construction. Nothing else should be different.
There are plans to take down the bandshell, but long-term redevelopment plans need to take place. It's not a very good events venue, and really never was.
Hoping 2017 is the year 8)
I'm going out on a limb here, but the Laura Street Trio will come down. It's not going to be salvaged. Possibly the old Barnett Bank, and possibly the Marble Bank, but "The Two Towers" will not survive. (Just ask Saruman).
They will be demolished before the end of 2017. And that's probably a good thing, because if they are not then they will still be standing as vacant eyesores 10 years from now, just like Berkman II.
All the mojo to preserve them is coming from people with NO MONEY. If the Weaver's wanted to save them, fine, it would happen. But as far as I know they have no interest in them. NO ONE with money has stepped forth. ONly a bunch of pipe dreamers who have no money.
Gravity and the long tradition of demolition will win this battle.
They aren't structurally in danger of falling down, so to demolish someone is going to have to pay a couple of million to bring them down. Who's willing to throw away that type of money, with no chance of ever getting it back?
This is a forum for stating opinions. I've stated mine.
Following your line of thinking they will stand forever, as vacant monuments to the old days or as renovated structures.
Sort of like Berkman II.
This town has a lot of vacant lots where something once stood.
At some point a real developer will knock all that down to build a modern building. When the underlying "economic infrastructure" supports
it. Please remind me, how long have they been vacant?
Didn't mean to offend you. Like you, I just provided something I'm aware of, to the discussion. I believe the Barnett was vacated around 2004 or so. The Trio, probably a decade earlier. Btw, I've seen buildings that have been abandoned for twice as long, renovated in other cities. I don't know what the outcome of the Trio story will be, but I seriously doubt they'd fall down on their on anytime soon. Structurally, those buildings are in decent shape. I also can't imagine knocking them down to build something new. Too many vacant lots available for those types of projects to materialize whenever the market gets to a place where it can support new high-rise construction. My guess is that these buildings will remain standing and vacant if Southeast can't pull their proposal off.
No offense taken. Your as well informed as anyone in Jacksonville. I want to be wrong, 'cause I love the old building stock.
I say give them to Mrs. Weaver and she'll restore and find a good use for them.
The Barnett building is so depressing. Seeing the artwork up still from the first onespark, and now years later, nothing. Damn this town can be depressing.
Don't check on what's going on downtown in tampa, miami, Orlando or st. Petersburg...you'll get even more depressed. Oh, and let's not even talk about sarasota, a much smaller city, but cranes swinging around everywhere, Los of low height scrapers but certainly a more dense skyline.
Perhaps not surprisingly, Curry was very specific today that the $1 billion budget he presented has no room for the Laura Street Trio.
Or the Shipyards (aren't there funds long-since set aside for remediation???).
Quote from: MusicMan on July 16, 2016, 01:00:02 PM
This is a forum for stating opinions. I've stated mine.
Following your line of thinking they will stand forever, as vacant monuments to the old days or as renovated structures.
Sort of like Berkman II.
This town has a lot of vacant lots where something once stood.
At some point a real developer will knock all that down to build a modern building. When the underlying "economic infrastructure" supports
it. Please remind me, how long have they been vacant?
You might want to take a deep breath or two into your brown bag now.
Quote from: KenFSU on July 18, 2016, 03:00:37 PM
Perhaps not surprisingly, Curry was very specific today that the $1 billion budget he presented has no room for the Laura Street Trio.
Or the Shipyards (aren't there funds long-since set aside for remediation???).
This is disappointing. I was a little skeptical that anything would happen here, the trio seems to be a perennial non-starter, but it is still disappointing. What things are we looking for in DT Jax?
I'm thrilled the DuPont center was finished, and am hoping for similar success for the Chop House, but can't think of any other development projects coming up. Do these projects get city money, do we know how much? Is the only hope for success to do the whole thing yourself?
The City (by that I mean Downtown )under it's current leadership is going nowhere fast. Lenny Curry had never held any elected position before so why should anyone expect a seasoned and experienced leader. He has no political skin in downtown, and did not rely on the incredibly small population living down there for his electoral success. His vision was pretty clearly stated, "We need more police." And that was about it. A big part of the long term solution is placing tax paying entities into all the vacant properties and vacant lots the City owns, but apparently that has escaped him as well.
Pray to your God that a true visionary with political skills shows up before the next election, or you will be looking at the same downtown in 6-7 years as you see today.
Quote from: KenFSU on July 18, 2016, 03:00:37 PM
(aren't there funds long-since set aside for remediation???).
LOL...yea, right.
Quote from: dukes_forge on July 18, 2016, 04:29:53 PM
This is disappointing. I was a little skeptical that anything would happen here, the trio seems to be a perennial non-starter, but it is still disappointing. What things are we looking for in DT Jax?
I'm thrilled the DuPont center was finished, and am hoping for similar success for the Chop House, but can't think of any other development projects coming up. Do these projects get city money, do we know how much? Is the only hope for success to do the whole thing yourself?
There are several projects that are either underway or will be soon that aren't relying on city money. Some already under construction include Elena Flats, Broadstone Riverside and Baptist MD Anderson Cancer Center. By this time next year, a few others like LaVilla Lofts, Jefferson Street Manor, The District, Lerner Shops Building and 200 Riverside could be under construction was well.
You can get the details on these and more here: http://www.moderncities.com/article/2016-jun-urban-jax-development-project-construction-list
The projects that need lots of city money tend to be those involving the reuse of dilapidated structures or big time environmental cleanup. Unfortunately, downtown's economy isn't strong enough for the market to support such investments without public subsidies.
Lake, when does Rummel close on the real estate (owned by JEA) parcel where he wants to put The District?
I believe the most recent articles said they were planning to close towards the end of the year.
Quote from: MusicMan on July 19, 2016, 03:31:08 PM
Lake, when does Rummel close on the real estate (owned by JEA) parcel where he wants to put The District?
QuoteJEA extended the due diligence period to Nov. 30, 2016 with closing by the end of December, said JEA spokesperson Gerri Boyce.
As much as I and I think everyone would like to see the Trio developed or preserved, doesn't it make more sense to subsidize or support the continuation of successful development in Brooklyn first. There are already several projects on the books for Brooklyn/Lavilla only some of which are looking for City dollars.
If the ultimate goal is a density/residents and the pool of available funds is finite, it would seem to me there is more likelihood of success in fostering the existing growth pattern as it reaches toward downtown. Personally, Id rather see the redevelopment of the Times Union site before even the Shipyards to keep the concentration of residents more dense and the development interconnected.
What precinct do the Brooklyn residents vote in?
I am going to assume that this is probably the death of this redevelopment attempt for the Trio, but supposedly we will get an update tomorrow morning.
QuoteA circuit court judge has ruled in favor of Jacksonville Jaguars owner Shad Khan's Stache Investments in the lengthy foreclosure lawsuit with developer Steve Atkins over the Barnett Bank Building.
In a final judgment of foreclosure filed Thursday, Circuit Judge James Daniel set the amount Atkins owed Stache Investment at $4.6 million.
The amount consists of the $3 million loan Stache provided Atkins to purchase the building and $1.2 million in interest as of Thursday, along with other various fees and taxes. It will continue to bear interest until paid.
A second loan 0f $165,764 to Atkins from Stache Investments was not addressed in the judge's order.
Daniel ordered if the judgment isn't paid, the building will be sold at a public auction Sept. 14 to the highest bidder for cash or as electronic sales via city website allows.
Proceeds would first go to Stache Investments.
Khan's company loaned Atkins and his Barnett Tower LLC $3 million in 2013 to purchase the building at 112 W. Adams St. Atkins had planned to convert the vacant 18-story Downtown tower into a mix of residences, businesses and a ground floor bank.
Stache Investments sought foreclosure on the building last June claiming no payments had been ever made on the loan.
Atkins said it was not a typical loan and his company wasn't supposed to repay the money. Instead, he said, the two parties had an arrangement that third-party funding would help Stache Investments recover its money.
Gunster attorney Bill Adams, who represented Stache Investments in the matter, said he could not comment Thursday afternoon.
Jim Woodcock, a spokesman for Stache Investments, did not immediately return a phone call or email late Thursday afternoon.
Atkins said he will release "a very factual" statement Friday morning detailing "where we have been and where we are going."
A non-jury trial to settle the matter had been postponed several times and was most recently scheduled to take place Sept. 5.
http://www.jaxdailyrecord.com/showstory.php?Story_id=548036 (http://www.jaxdailyrecord.com/showstory.php?Story_id=548036)
Did he ever make a single payment on this mortgage?
*fart noise*
Per the T-U, Southeast has consented with the foreclosure.
The Barnett will return to auction.