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Daily Record JACKSONVILLE
REDEVELOPMENT
Developers scaling upRecord plans for Jones Bros. Daily
Andy Allen and Elias Hionides intend to include new construction, 100 apartments and retail/office space for the historic North Core structure.
Daily Record Daily Record
BY MIKE MENDENHALL STAFF WRITER
JACKSONVILLE
Development partners Andy Allen and Elias Hionides have faced starts and stops since 2018 in their effort to renovate the historic Jones Bros. Furniture Co. building Downtown. Allen said Sept. 28 the developers intend to submit their latest plan to the city by year-end. The plan includes 100 apartments and a new six- to sevenstory building. It also has 10,000 square feet of commercial space and a parking deck. “We’ve been working on it for over three years,” Allen said. Allen and Hionides co-manage Jones Bros. project development company ACE JAX LLC, which they formed in March 2018. Hionides is vice president of real estate company and property manager Petra. Allen is CEO of Corner
Lot Development Group LLC. Allen estimates the changes will bring the project cost to an estimated $30 million. That’s up from the $11.1 million they previously anticipated. The project will span connected parcels at 502, 520 and 524 N. Hogan St., according to Allen. The seven-story, almost 38,000-square-foot Jones Bros. building, built in 1926, would have about 30 residential units. The developers want to demolish the former Farah’s Uptown Deli building at Hogan and Church streets and build a six- to seven-story multifamily addition with about 60 units. Allen said the apartments will have market-rate rents. ACE JAX and Corner Lot also plan to renovate the building at 524 N. Hogan St. for 6,000 square feet of retail/office space, he said.
JACKSONVILLE
JACKSONVILLE
SEE JONES BROS., PAGE 2
Photos by Mike Mendenhall
The developers of the Jones Bros. Furniture Co. building want to demolish the former Farah’s Uptown Deli building at Hogan and Church streets and build a six- to seven-story multifamily addition with about 60 apartments.
Development partners Andy Allen and Elias Hionides inside the historic Jones Bros. Furniture Co. building Downtown at 524 N. Hogan St. Hionides is vice president of real estate company and property manager Petra. Allen is CEO of Corner Lot Development Group LLC.
Atlantic Beach M Shack closing over staffing issues The original M Shack restaurant in the Beaches Town Center closed Oct. 2 after 10 years in business. Owner Matthew Medure said Oct. 1 it was “purely staffing issues” that caused the closure. “It’s at the point where if you can’t find the right people to produce the values that support your business, which are quality and hospitality and professionalism, then you can’t carry on,” Medure said. “It’s kind of a sad thing. You never think you’re going to dissolve a business for that reason, but it’s strange times.” M Shack’s St. Johns Town Center and Nocatee locations remain open.
VOLUME 108, NO. 226 • ONE SECTION