Over the coming years, some 1,109 new hotel rooms will be entering the downtown market. A Residence Inn planned for Brooklyn is going through the city planning process, and the new owners of the Ambassador Hotel have said they will refurbish it into 100 rooms. That seems about to change.
Manifest Distillery recently announced plans to open up shop in downtown Jacksonville, and plans to lease space in the same building that will house local and highly successful craft brewery Intuition Ale Works. The building is located at 929 E. Bay Street (Bay St. and A. Phillip Randolph Blvd.), near the stadium, baseball field, arena and fairgrounds. The distillery has announced that it will be open in Spring of 2016, and Intuition is on track for a summer of 2016 open date, according to owner/founder, Ben Davis. Having the distillery and brewery in the same building is expected to be complimentary, and potentially provide room for collaboration, as talk of barrel aged brews (using barrels from the distillery process next door to age the beer) are already being discussed. This will be the third distillery to open in Northeast Florida, with one is St. Augustine and one Fernandina Beach already.
The largest office building in Downtown Jacksonville is going to market. The 1,000,000+ SF, class A office tower will be taken to market without a price, with a call for offers expected in Q1, 2014. Colliers International Northeast Florida brokers Robert Selton and Chuck Diebel, along with Achikam Yogev, a Colliers broker in South Florida, are representing the owner, El-Ad Florida, LLC. Downtown Jacksonville has seen a lot of activity lately, including-
Recent Sale-The Strand on the Southbank, for over $53 million
Under Contract- The Aetna Building, and
For Sale- The Wells Fargo Center