QuoteCorner Lot Development Group's historic adaptive reuse downtown is starting to move ahead.
The local developer plans to rehabilitate and transform the historic Jones Bros Furniture building at 520 N. Hogan St. into 29 furnished, residential units and a ground-floor workspace and coffee shop. The adaptive reuse, which accounts for the first half of the project, was issued a $9 million permit on Thursday, several months after initial design and incentive approvals.
The 1929 building will keep its façade, including the painted "Jones Bros Furniture" sign on the side. Corner Lot will receive up to $6 million from the Downtown Historic Preservation and Revitalization Program across three loans that come from the city's general fund.
The second half of the project consists of a new, $40.9 million mixed-use building called Jones on Hogan — a six-story, 145-unit building with 8,500 square feet of ground floor and commercial space.
The two buildings will be near transit as both the Skyway and future Emerald Trail will run on Hogan Street. Between the buildings will be a public, outdoor patio of roughly 3,300 square feet.
"It's a classic urban infill project, something that people would do in a big city 100 times because they can't work around the historic building," Corner Lot Vice President of Government Affairs Billy Zeits told the Business Journal earlier this year. "It's really kind of the first one of its kind here because it's new construction wrapped around an old one with public amenities."
Avant Construction Group is listed on the permit as the company responsible for the project.
The permit's status as of Friday afternoon is return for corrections.
Downtown Investment Authority CEO told the Business Journal that the Jones Bros historic rehabilitation was due to start construction this fall but had received an extension and is slated to start in the first quarter of 2025. The new construction component has not yet gone through City Council as documents aren't drafted, in part because the developer might change the design again, as it did in February of this year.
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