Barnett Building Update

[tufsu1]

Ouch!

http://jaxdailyrecord.com/showstory.php?Story_id=545603

[Dapperdan]

What is it with that building along with the Laura Street Trio. Grand Plans keep coming up but then they default on payments. Wasn't this supposed to be One Spark Headquarters and a Law School?

[TPC]

Dang, that really puts a damper on things but then again there hasn't been any momentum on the project...

Another reason I take all the proposed updates downtown with a grain of salt until they're finished.

[jaxjaguar]

There could be a silver lining in this... If Khan obtains the building outright he might actually get things moving with it since it'll be a hard sell as is. For once my fingers are crossed that something good will actually happen with this building.

[Tacachale]

Bad medicine.

[spuwho]

With 23% vacancy rates in downtown and the downtown growth rates not moving very fast, developers cant get/find tenants to pay the bills. So just another foreclosure.

Need more new tenants in downtown. Lots of good intentions but not enough paying clients.

Need more business downtown. Need an urban minded CEO who has no qualms locating downtown.

[Jaxson]

Dang, that really puts a damper on things but then again there hasn't been any momentum on the project...

Another reason I take all the proposed updates downtown with a grain of salt until they're finished.

+1,000,000

I take no pleasure in putting on my cynic or skeptic hat, but there have been way too many false starts that give me false hope for downtown.  Whenever an announcement is made about a major plan for downtown, I can't help but take out my grain of salt.  Here is one example.  Remember the Intermodal Transportation Center?  It's a dirty shame that we have such trouble getting things off the ground in Jacksonville.

[Downtown Osprey]

So I guess they are finally going to turn off the lights in the building? It was at least nice to have it lit up at night.

[jaxlore]

Ugh.

[02roadking]

There could be a silver lining in this... If Khan obtains the building outright he might actually get things moving with it since it'll be a hard sell as is. For once my fingers are crossed that something good will actually happen with this building.

Maybe... those are some rosey glasses your wearing, but I like it.

[menace1069]

Another false start...great.

[BoldCityRealist]

What is it with that building along with the Laura Street Trio. Grand Plans keep coming up but then they default on payments. Wasn't this supposed to be One Spark Headquarters and a Law School?

I feel like One Spark as we know it is probably gone.... unless they start making money...

I think the plans for Barnett were pretty wishy-washy the whole time. Honestly, it should be retail on the first floors and apartments.

[mtraininjax]

Need more new tenants in downtown. Lots of good intentions but not enough paying clients.

No......we need more residents to show developers that there are people willing to live down there. Get the Residents, you can then get the businesses.

Wonder what Scottie is going to do in the Marble Building....

[CCMjax]

Ahh, very disappointing!  This building and the Laura Street Trio make up the most important block in all of Jacksonville.  These are two projects that need to get off the ground.  They mean so much to this city and they've been dead for so long.  When they come back to life, so will Downtown Jax. 

I'm wondering, with the lack of a catalyst right downtown, if the best strategy would be to work inwards from the surrounding neighborhoods that are showing progress?  Keep the momentum going from Riverside/Brooklyn and continue filling in the north San Marco area and maybe with residents getting closer and closer to downtown that will create enough push to get some of these major downtown projects to turn the corner.

[Houseboat Mike]

So that is investment #2 of Stache that has failed. (Edgewood Bakery being the other)

Interesting.