Remodeling project aims to revive historic building in downtown Jacksonville

The vacant, 18-story Barnett National Bank building would get a mix of apartments, offices and retail space

TRD MIAMI /
Dec.December 24, 2017 03:00 PM

112 West Adams Street in downtown Jacksonville (Credit: Jacksonville Daily Record)

The owner of the historic Barnett National Bank building in downtown Jacksonville applied for a permit to remodel the vacant 18-story office building.

The remodeling project would turn the building into a mixed-use property with 108 apartments at a cost about $22.4 million.

The building’s owner, Barnett Tower LLC, applied Dec. 20 for a permit to remodel the 156,744-square-foot building as a mix of residential units, offices and retail stores.

Built in 1927, the Barnett building at 112 West Adams St. in Jacksonville is listed on the National Register of Historic Places.

SouthEast Development Group financed its 2013 acquisition of the building with a $3 million from a company owned by Shad Khan, owner of the National Football League’s Jacksonville Jaguars.

SouthEast lost the building in foreclosure to Kahn’s company, Stache Investments Corp.

Last February, Las Vegas-based Molasky Group bought the building from Stache Investments for $4 million.

Molasky revived plans to remodel the building in partnership with SouthEast, led by principal and managing director Steve Atkins, who also serves as manager of Barnett Tower LLC.  [Jacksonville Daily Record]Mike Seemuth


Related Article

arrow_forward_ios

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

Tim Tebow and his home in South Jacksonville's Glen Kernan Golf & Country Club (Credit: Getty Images, Estately)

Take 2: Tim Tebow pays $3M for second house in gated community in Florida

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Power restored after blackout envelopes West Side of Manhattan

arrow_forward_ios