$3M Grant Bill Filed For Planned $30M Independent Life Building Renovation

Nov 23, 2020

City Council is the next stop for Augustine Development Group affiliate PEP10 LLC’s $3 million historic grant request for its proposed restoration of the former Independent Life Building Downtown.

WJCT News partner the Jacksonville Daily Record reports Council President Tommy Hazouri is scheduled to introduce Ordinance 2020-0707 on Nov. 24 at the request of the Downtown Investment Authority. It would authorize a city Historic Preservation Trust Fund appropriation.

The proposed $30 million renovation includes a 21,000-square-foot grocery store, 140 market-rate apartments, a parking garage and a 10,000-square-foot top-floor restaurant and executive sky lounge.

The restaurant and grocery store will be leased to a private operator.

Read the rest of this story at JaxDailyRecord.com.