The partners of Augustine Development Group provided details of their plans, after they purchased five lots to bring back the historic Ambassador Hotel in Downtown Jacksonville to its “original luster”.
The mayor’s office said an unnamed developer has bought the half-built skeleton of a tower on downtown’s riverfront and plans to build a hotel, entertainment venue and parking garage on the property. Even though the building is exposed with incomplete concrete and steel structures for more than a decade, developer believes structure is sound and will be developed as per the plan.
Several recent concerts and sporting events are driving hotel occupancy in hotels in and around the downtown area this October, an unusual time for such impressive numbers. The Hyatt, Omni, Crown Plaza and Hilton Garden Inn have all reported occupancy levels above 90% during this time. One of the major events that was a huge attraction to out of town visitors were 6 concerts by Garth Brooks, the number one selling solo artist of all time. Motley Crue and Alice Cooper also recently played in Jax. The trend is expected to continue thru the end of the month, with concerts by former Beatles members Paul McCartney and Ringo Starr, a Jaguar home game, and the Florida-Georgia game. Max Marbut with Financial News & Daily Record has the story.