Abandoned Jacksonville: The Laura Street Trio

[comncense]

No one with the full article yet?

[thelakelander]

My office has a copy of the biz journal.  Here's what it says about the trio:

The trio consists of the Florida Life Building, the Bisbee Building and the Marble Bank Building as well as the Barnett Bank Building.  Shea and Rummell said that Linea LLC, which has been trying to redevelop the properties since May 2010, is close to striking a private equity deal that could, combined with city incentives, make it a reality.

"We're a second-tier city, and we have to be out there reminding the investment community that we're here," Shea said.

If the Laura Street trio moves forward, it could be a major catalyst for downtown, Rummell said.  He views those buildings as one of the bookends of the urban core, with the other being a convention center near the Hyatt.

[jcjohnpaint]

thanks Lake! 

[Tacachale]

So nothing new, really. Well, here's hoping.

[fsujax]

no nothing new. Still waiting on financing.

[Captain Zissou]

I feel much better about private equity finance than I do about banks.  Bank financing for this project is a dead end street.  Private equity firms are more willing to take risks, but they'll take more profits later.  Whatever it takes to start turning dirt on this project is fine with me.

[Arlingtondude]

Does anyone have pictures of the interior of the bank building from the restoration of 1980? I use to bank there in the early 80's and the interior was spectacular. It's a shame that just 15 years later the bank was in ruins.