Jacksonville Daily Record 3/12/21

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FRIDAY March 12, 2021

Public

jaxdailyrecord.com • 35 cents

legal notices begin on page 3

Daily Record JACKSONVILLE

REAL ESTATE

Laura Street Trio seeks Daily Record up to $25M in city loans JACKSONVILLE

Photo by Katie Garwood

Toll Brothers intends to start construction on 27 town houses on this site in San Marco, east of the East San Marco retail center.

Daily Record Daily Record JACKSONVILLE

JACKSONVILLE

East San Marco town houses to break ground this year Toll Brothers has four similar projects in Jacksonville among its 17 active developments. BY KATIE GARWOOD STAFF WRITER

package would be the largest awarded from the DIA’s Downtown Preservation and Revitalization Program authorized by City Council in October. The DIA board approved an $8.7 million forgivable loan package through the program in January for JWB Real Estate Capital’s proposed Florida Baptist Convention Building and the Old Federal Reserve Bank Building renovation in Downtown’s North Core. Both incentive packages need Coun-

Toll Brothers Division President Steve Merten said the company plans to break ground on its East San Marco town house project by mid-2021. Toll Brothers filed plans with the city Feb. 9 for a 27-unit community one block east of the Publix Super Markets Inc.-anchored East San Marco shopping center development. He did not say when the project would be completed. Plans show five town house buildings comprising four with six units Merten each and one with three. The 1.03-acre property is bounded by Atlantic Boulevard, Arcadia Place, Alford Place and Minerva Avenue. “San Marco is one of the top

SEE TRIO, PAGE 2

SEE TOLL BROTHERS, PAGE 2

File image

An artist’s rendering of the proposed Laura Street Trio Project at Laura and Forsyth streets Downtown.

SouthEast Development Group wants to renovate three historic Downtown buildings and build an addition. BY MIKE MENDENHALL STAFF WRITER

SouthEast Development Group LLC’s plans to renovate the historic Laura Street Trio Downtown could receive $24.67 million in city-backed incentives

under a proposed deal with the Downtown Investment Authority. The pending agreement negotiated by DIA staff includes forgivable and deferred loans for SouthEast’s $70.48 million project. The project will adapt the vacant historic structures into a Marriott Autograph Hotel with a restaurant, lounge and ground-floor retail, according to documents submitted for the DIA Strategic Implementation Committee’s March 15 meeting. If approved, the nearly $25 million

Firehouse Subs to sponsor Great Fire Run Jacksonville-based Firehouse Subs is the title sponsor of the Jacksonville Historical Society’s Great Fire Run of 2021 to commemorate the 120th anniversary of Jacksonville’s Great Fire. The May 1 run begins and ends at Old St. Andrew’s Church at 317 A. Philip Randolph Blvd. A 5K race will start at 7:30 a.m., followed by a 1-mile run at 8:30 a.m. Registration is at runsignup.com. Search for Great Fire Run.

VOLUME 108, NO. 82 • ONE SECTION


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