Barnett/Laura Trio Redevelopment to be announced

[fieldafm]

How much equity will they have in the trio?  How much private financing is being used to fund the projects?

My concern is that why are they doing a press conference if they don't yet own the buildings... makes you wonder if the total financing packaging has been secured yet?

As stated in previous posts, I think they are seeking money from the Historical Preservation fund to secure the deal and make this happen. Im kind of bitter/sweet right now. We've been promised so many great projects. I dont want to get my hopes up and be let down AGAIN.

I don't believe the historic preservation trust fund can be used to secure purchase of a building.  The trust fund would indeed be used in some capacity(tax credits over a fixed period and grant money for historical facade restorations more than likely), but the bulk of this project is going to have to come from private financing and cash.  This is not a cheap project by any means.

I'm trying to contain my excitement, b/c being familiar with this group's previous work coupled with the tidbit of plans leaked so far this is really a fantastic opportunity, due to the price tag this project is going to carry in a difficult financial environment(although the difficulty is getting less so daily).  That's why the equity question really sticks out in my mind.

[CityLife]

The Hotel Duval has a Shula's steakhouse on the ground floor as well. I haven't been to the rooftop bar yet, but I've heard its very well done.

Here is a great link from Tallahassee's equivalent to MetroJacksonville that has photos of the project as it was in progress. It had previously had work done and didn't look like the photo that Lakelander linked earlier in the thread when they began.

http://urbantallahassee.com/v4/index.php?option=com_content&view=article&id=238%3Ahotel-duval-by-radisson&catid=83%3Acomplete&Itemid=88&showall=1

Start at the bottom of the page and scroll up.

[fsujax]

the restoration of the cornices is great news. I remember when they removed them.

[Captain Zissou]

Ask Peyton about the Historic fund for parking vs the trio and the Ambassador Hotel.  By having this press conference in his office, it seems like John Boy is committing to getting this built, but he has said that he is going to take the money they need to do it and give it to the Landing...?

I may have missed that the funding issue had been resolved, but I wanted to make sure.

I can't wait until 11 am!!!

[duvaldude08]

How much equity will they have in the trio?  How much private financing is being used to fund the projects?

My concern is that why are they doing a press conference if they don't yet own the buildings... makes you wonder if the total financing packaging has been secured yet?

As stated in previous posts, I think they are seeking money from the Historical Preservation fund to secure the deal and make this happen. Im kind of bitter/sweet right now. We've been promised so many great projects. I dont want to get my hopes up and be let down AGAIN.

I don't believe the historic preservation trust fund can be used to secure purchase of a building.  The trust fund would indeed be used in some capacity(tax credits over a fixed period and grant money for historical facade restorations more than likely), but the bulk of this project is going to have to come from private financing and cash.  This is not a cheap project by any means.

I'm trying to contain my excitement, b/c being familiar with this group's previous work coupled with the tidbit of plans leaked so far this is really a fantastic opportunity, due to the price tag this project is going to carry in a difficult financial environment(although the difficulty is getting less so daily).  That's why the equity question really sticks out in my mind.

OOH ok gotcha. Makes sense. I wish they would have annouced this AFTER the deal was done. But this kind of shows how serious they are about the project including the mayor (Thats a shocker). If everything goes the way is should, which it looks like, we will pull money from metro park and get the Landing their parking, and in turn The Landing does the promised renovations and also attract more teanets, the lighting Laura street project is complete and the trio and barnett bldgs move ahead, this will be explosive. And with Bay street and the court house not to far away, this will be a buzzing area. This would also be one step to make us superbowl once again.

" Im so excited, I just cant hide it."

[Captain Zissou]

Once the trio is restored, Laura street is finished, and Peyton is out of office, the Landing will just scream 'Open me up!!'. To think of looking from Hemming down Laura with all the pedestrian activity, the beautiful streetscape, and the river in the background is so moving.

[duvaldude08]

Ive actually been praying long and hard about this city lately. Hopefully the man upstairs moves in our favor 

[downtownjag]

Ive actually been praying long and hard about this city lately. Hopefully the man upstairs moves in our favor 

I like it

[CityLife]

Once the trio is restored, Laura street is finished, and Peyton is out of office, the Landing will just scream 'Open me up!!'. To think of looking from Hemming down Laura with all the pedestrian activity, the beautiful streetscape, and the river in the background is so moving.

I heard Paul Crawford speak at a seminar recently and he said they were trying to encourage the owners of the Modis Building and the BOA Tower to open their buildings up to Laura Street and/or add outdoor restaurant/bar seating along Laura. I believe those towers already have their own deli's/lunch establishments on the ground floor. If they were to open up to Laura that would bring a great deal more people to the street and make it even more vibrant in the day time.

I was at the Landing redesign thing back in the fall and proposed that they move the Landing Food Court to the area that they want to cut out parallel to Laura. So as you walk into the Landing from Laura you would be walking by the fast food establishments. I think this would make the Landing more accessible to downtown workers who have short lunch breaks and better connect the Landing with the Laura Street corridor.

So much potential there.....

[Wacca Pilatka]

Ive actually been praying long and hard about this city lately. Hopefully the man upstairs moves in our favor 

You and me both.

[hiddentrack]

Are there any questions that you guys would like me to ask while weve got them all in the same room?

Will the parking garage they're building include ground-floor tenants?

[fsujax]

Stephen..where's the live blog?

[JeffreyS]

I just walked around the buildings they can be wonderful. Lots of work though.

[Steve]

Will the parking garage they're building include ground-floor tenants?

I can take this, as we saw the renderings last night.  No, there will be no retail at the garage itself, but I'm not hugely concerned in this case.  The actual street footprint of the garage itself facing Adams and Forsyth is pretty narrow, and it will be wrapped by the new building adjacent to the Florida Life on Adams, and the Bisbee building on Forsyth.

Furthermore, there will be a significant amount of Ground Floor Retail., and a hotel across the street to help it stay active.

[vicupstate]

Is there any plans to make the housing units 'for sale' at some point?