Adam Jones developer of the Three Layers Coffeehouse finishes 11th Street Loft

[stephendare]

Awesome project, by a really urban core type.

Is this the beginning of the warehouse district in Springfield?

Finally there is a viable space over there.

Photos upcoming.

[TREE4309]

A "real" loft? For himself, or for sale?  Regardless...I await pictures! 

[thelakelander]

Here's a story we ran on the project back in February:

http://www.metrojacksonville.com/content/view/712/122/



the building in 1948.

[thelakelander]

Give me a minute.  I'll upload one.

[TREE4309]

Ah, so that's the project I've been eyeing...they have a few units listed on the NEFAR MLS, but I hadn't seen any interior pictures until now.  The price is a bit north of what I think is realistic (they start around $250K), particularly for ground-floor units without covered parking or secured entrances, but they do look to be well appointed inside.

[TREE4309]

No doubt a lot of money went into the project, everything looks top notch...hopefully he can break even or better.

[thelakelander]

Lake do we have any aerials that show the proximity of the nearby warehouses and the old bottling factory?

[RiversideGator]

Looks great.  There are a number of warehouses for sale in the area which could be converted to excellent lofts.  I am excited to see this development and to see the rehabs moving north.  This gentrification can continue all the way to the Trout River as there are so many old, neglected homes out there.

[thelakelander]

Redevelopment in this area could also solve the local affordable housing problem.  By using the S-Line as a rail link between Downtown and the Airport, all of these neighborhoods would offer their residents the possibility of getting around a good portion of town without the use of cars, making them a great alternative for those who can't afford downtown's prices.

[RiversideGator]

Redevelopment in this area could also solve the local affordable housing problem.  By using the S-Line as a rail link between Downtown and the Airport, all of these neighborhoods would offer their residents the possibility of getting around a good portion of town without the use of cars, making them a great alternative for those who can't afford downtown's prices.

It depends on how you define "affordable".  I doubt anyone will come in and rehab old warehouses for Section 8 housing or sub-market rental rates.  I would expect to receive at least $.80 to $1.00 a square foot on a rehabbed loft apartment for rent.

[thelakelander]

Redevelopment in this area could also solve the local affordable housing problem.  By using the S-Line as a rail link between Downtown and the Airport, all of these neighborhoods would offer their residents the possibility of getting around a good portion of town without the use of cars, making them a great alternative for those who can't afford downtown's prices.

It depends on how you define "affordable".  I doubt anyone will come in and rehab old warehouses for Section 8 housing or sub-market rental rates.  I would expect to receive at least $.80 to $1.00 a square foot on a rehabbed loft apartment for rent.

affordable in terms of "market rate" housing that first home buyers, teachers, police, firemen, etc. can afford to purchase.

[RiversideGator]

Redevelopment in this area could also solve the local affordable housing problem.  By using the S-Line as a rail link between Downtown and the Airport, all of these neighborhoods would offer their residents the possibility of getting around a good portion of town without the use of cars, making them a great alternative for those who can't afford downtown's prices.

It depends on how you define "affordable".  I doubt anyone will come in and rehab old warehouses for Section 8 housing or sub-market rental rates.  I would expect to receive at least $.80 to $1.00 a square foot on a rehabbed loft apartment for rent.

affordable in terms of "market rate" housing that first home buyers, teachers, police, firemen, etc. can afford to purchase.

Oh ok.  Then this could be done.

[RiversideGator]

Redevelopment in this area could also solve the local affordable housing problem.  By using the S-Line as a rail link between Downtown and the Airport, all of these neighborhoods would offer their residents the possibility of getting around a good portion of town without the use of cars, making them a great alternative for those who can't afford downtown's prices.

It depends on how you define "affordable".  I doubt anyone will come in and rehab old warehouses for Section 8 housing or sub-market rental rates.  I would expect to receive at least $.80 to $1.00 a square foot on a rehabbed loft apartment for rent.

How do you mean, River?

I am talking about a potential rental project.  This project is for sale.