Mendenhall Report: Vestcor’s town house development in LaVilla is on pause

[thelakelander]

Should have went with JWB.....

Vestcor Companies delayed construction of its for-sale town house development in LaVilla twice this summer and the company said it is hesitant to begin the project in a Downtown market impacted by COVID-19.

Ryan Hoover, president of Vestcor subsidiary TVC Development Inc., said Sept. 2 that the company sought two extensions to its development agreement with the Downtown Investment Authority and the city to build the 88-unit town house project.

Hoover said Vestcor still plans to complete the development but won't begin construction until the for-sale product market, which includes Downtown employees and people seeking an urban core lifestyle, returns.

"You have a lot of people who really aren't even in Downtown now. I assume that everything will be back to some form of normal," Hoover said.

https://www.jaxdailyrecord.com/article/mendenhall-report-vestcors-town-house-development-in-lavilla-is-on-pause

[marcuscnelson]

I assume that everything will be back to some form of normal," Hoover said.

"This quarantine will last two weeks, and everything will be back to normal."

[Steve]

If this takes too long, then they absolutely they need to give this project to the second place bidder (JWB Real Estate).

[Tacachale]

To reiterate, the DIA chose the bid by Vestcor, owned by major donor John Rood, over a competing pitch from JWB that included more units, a retail component, better architecture, and more money for Lift Ev'ry Voice and Sing Park.

[heights unknown]

Should have went with JWB.....

Vestcor Companies delayed construction of its for-sale town house development in LaVilla twice this summer and the company said it is hesitant to begin the project in a Downtown market impacted by COVID-19.

Ryan Hoover, president of Vestcor subsidiary TVC Development Inc., said Sept. 2 that the company sought two extensions to its development agreement with the Downtown Investment Authority and the city to build the 88-unit town house project.

Hoover said Vestcor still plans to complete the development but won't begin construction until the for-sale product market, which includes Downtown employees and people seeking an urban core lifestyle, returns.

"You have a lot of people who really aren't even in Downtown now. I assume that everything will be back to some form of normal," Hoover said.

https://www.jaxdailyrecord.com/article/mendenhall-report-vestcors-town-house-development-in-lavilla-is-on-pause

Scary cat. Coward.