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Excerpt from the Jax Daily Record...
Quote
Langton said ideally Bay Street Station will come out of the ground during the first quarter of 2009. In between, the Jacksonville Economic Development Commission and the City Council will have to give their approval. While a couple of variances will need approval and challenges met, Langton said the project does have one major factor going for it.
“There is no City money in this,” he said. “What we would like to take advantage of, however, is some empowerment zone bond money. This project will be in excess of $200 million. It’s huge.”
When completed about 24 months later, Bay Street Station will consist of 115,000 square feet of ground floor retail or restaurant space, a 250-room full-service hotel, a 125-room limited-service hotel, a 3,000-seat theater, a 50,000 square foot national chain health club, a 250,000 square foot office tower and a parking garage with over 1,300 spaces.
“There is no City money in this,” he said. “What we would like to take advantage of, however, is some empowerment zone bond money. This project will be in excess of $200 million. It’s huge.”
When completed about 24 months later, Bay Street Station will consist of 115,000 square feet of ground floor retail or restaurant space, a 250-room full-service hotel, a 125-room limited-service hotel, a 3,000-seat theater, a 50,000 square foot national chain health club, a 250,000 square foot office tower and a parking garage with over 1,300 spaces.
Quote
“We don’t want to be ‘Kuhnized.’ We don’t want to promise things we can’t deliver,” said Mike Langton, referring to the recent revelation that several Downtown buildings purchased by Orlando developer Cameron Kuhn are now in various states of foreclosure or sale.
Source: http://www.jaxdailyr...?Story_id=49619
Here is a tiny rendering...
And a photo of the site....
The property slated for Bay Street Station is bounded by
Water, Jefferson, Bay and Lee streets and currently serves
as a parking lot.
