Two major projects totalling almost $21 million —a Hillwood Investment Properties’ speculative warehouse and Florida State College at Jacksonville’s (FSCJ) housing in downtown Jacksonville — have been approved for construction, the Jacksonville Financial News and Daily Record reports.
The Conlan Co. received a permit for the $15.7 million Hillwood warehouse at 4660 New World Ave. in AllianceFlorida at Cecil Commerce Center.
The one-story, 407,435-sq. ft. building will be developed on 35.43 acres at the former naval air station, turned into a business park.
Senior vice-president Dan Tatsch said then that no tenants have committed to lease the building, which he expects will be completed by mid-September, barring delays.
The building is designed to accommodate a single or multiple tenants.
Meanwhile, Danis Construction LLC has obtained a building permit to convert the six-floor historic Lerner Building at 20 W. Adams St. in downtown Jacksonville into student housing for FSCJ.
The permit shows an almost $4.8 million renovation of the 44,100-sq. ft. building into 20 apartments and a ground-floor restaurant, the business journal reported.
Danis Construction also is handling the exterior renovations. Each of the top five floors is designed with four apartments each.
The ground level is planned for a “farm to fork” Culinary Café for FSCJ to train students in its Culinary Arts & Hospitality program.
The former Lerner Building is owned by Phoenix Adams Rising LLC, led by investor Eugene Profit. FSCJ will lease it upon completion of renovations. The Downtown Investment Authority anticipates a $6.2 million private capital investment to restore the building.