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Teams Become Landlords Amid Sports-Centered Real Estate Boom

Jul 16, 2021 | 1st DownTown in the News

America’s sports teams are turning into landlords. Pro sports team owners are developing millions of square feet of retail, office and residential space, extending their influence—and revenue streams—outside the turnstile at a quickening pace.

Ambassador Hotel design approved by Downtown Development Review Board

Jul 15, 2021 | Downtown in the News

The Downtown Development Review Board on July 15 approved the exterior design for AXIS Hotels LLC’s estimated $17.6 million renovation of the historic Ambassador Hotel.

Demolition scheduled for one of Downtown Jacksonville’s biggest eyesores: The Berkman Plaza II

Jul 14, 2021 | Downtown in the News

After sitting vacant and unfinished on Bay Street downtown for more than a decade, demolition for one of downtown’s eyesores could begin as early as Wednesday. Demolition crews said they had been waiting on a part for the machinery that was going to be used. It was...

New apartments and condos proposed in $1.1B Riverfront Jacksonville plan

Jul 13, 2021 | Downtown in the News

Jacksonville developer Steve Atkins is expanding the residential portion of his billion-dollar master plan for Jacksonville’s riverfront, proposing new apartments and condominiums as part of the project. SouthEast Development Group’s updated plan includes...

SoBa Apartments sold for $35.4 million

Jul 12, 2021 | Downtown in the News

SoBa Apartments on the Downtown Southbank sold July 1 for $35,375,000, according to a deed recorded July 12 with the Duval County Clerk of Courts.
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