Student Housing Could be Coming Downtown

Florida State College at Jacksonville may be able to finally offer student housing in downtown Jacksonville. The school is meeting with the Downtown Investment Authority today, along with the new owner of 20 West Adams Street and his representatives, to discuss an incentive plan (valued at $1.2M) that will help with the redevelopment of a 6 story building in the CBD. If the meeting with the DIA goes well, the next step will be a vote from city council. The building was built in 1911 and opened as the headquarters for the Southern Drug Co. It has been unused and sat vacant since the 1980s. The new owner and FSCJ are planning a student housing project that would house up to 60 students, and would include a ground level restaurant run by the schools culinary department.

Max Marbut with the Daily Record covered the story.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on November 18, 2015, in Downtown, Hotel-Restaurant-Tourism, JAX Daily Record, Multifamily and tagged , , , , . Bookmark the permalink. Leave a comment.

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