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

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

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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

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