A block bordering Springfield and Downtown was sold, adjacent
to Confederate Park. Sounds like he has a good vision for the property.
Full story:
https://www.jaxdailyrecord.com/article/ashourian-buys-springfield-city-block-at-state-and-ocean-streets
Wow. Very interesting!
At this point nothing concrete but it would be great to see the area around Confed Park get something like this.
https://www.jaxdailyrecord.com/article/ashourian-buys-springfield-city-block-at-state-and-ocean-streets
nvestor Justin Ashourian bought an Ocean Street warehouse in Springfield and is marketing the city block for lease.
The building formerly housed NatureForm, a hatchery technology company that moved to North Jacksonville.
Ashourian paid $615,000 for the 29,000-square-foot building at 925 Ocean St., which fronts northeast State and Ocean streets.
The 1.58-acre block comprises the warehouse, built in 1950, and several small structures.
This is an investor who would like to see a brewery at his property... It would be nice, but this is purely speculative and wishful thinking.
BRB- Creating threads for "4 Seasons at Shipyards" and "Fortune 500 Headquarters Going in at the District".
There's another thread linking to the same article, in the Downtown forum. Could a kindly Mod or Admin make them one?
What is the status of the adjoining block-size property that had the ratty motel that has been partially demolished.
Quote from: Charles Hunter on April 09, 2020, 10:48:23 AM
There's another thread linking to the same article, in the Downtown forum. Could a kindly Mod or Admin make them one?
Done. They've been merged, according to time of each post.
This is a few steps from the old Claude Nolan Cadillac building owned by PETRA (I think). Those two could bring a nice density to that area, but I remember reading somewhere that the cleanup at the Claude Nolan site has an astronomical price tag. Does anybody actually know what it would cost? I know they paid at least $1 million for it, which in hindsight is WAY too much.....
Quote from: MusicMan on April 11, 2020, 10:46:31 AM
This is a few steps from the old Claude Nolan Cadillac building owned by PETRA (I think). Those two could bring a nice density to that area, but I remember reading somewhere that the cleanup at the Claude Nolan site has an astronomical price tag. Does anybody actually know what it would cost? I know they paid at least $1 million for it, which in hindsight is WAY too much.....
Petra historically always asks for about 200% above market value. However, I've been in the buildings a few times, it's being sold as a package with the surrounding buildings, and the rehab costs will be very high. It was tough walking around without my foot going through the floor, for example.
Thanks Des, I'm specifically referring to the clean up of the ground contamination. The area was home to a coal gasification plant 100 years or so ago, and evidently there is deeply polluted/contaminated soil in the area.
I read somewhere where the cost for cleanup will be in the millions which will basically make that site useless without a big government assisted clean up...
I am pretty sure Lake knows what's up there so I hope he chimes in.
Quote from: MusicMan on April 13, 2020, 10:08:23 AM
Thanks Des, I'm specifically referring to the clean up of the ground contamination. The area was home to a coal gasification plant 100 years or so ago, and evidently there is deeply polluted/contaminated soil in the area.
I read somewhere where the cost for cleanup will be in the millions which will basically make that site useless without a big government assisted clean up...
I am pretty sure Lake knows what's up there so I hope he chimes in.
It is a shame that $20mm or so wasn't put in the Better Jax Plan to just re-mediate that entire Hogan Creek corridor. That amount might would have done the job back in 2002 or so. There is always be a barrier disconnecting DT and Springfield as long as that brownfield area separates the two.
for most folk dodging the hoards of homeless are the barrier.
Quote from: bl8jaxnative on April 14, 2020, 05:38:17 PM
for most folk dodging the hoards of homeless are the barrier.
Renovate those buildings and put tenants in them, and the homeless will mostly hang out elsewhere.