The Jacksonville City Council will consider approving a lease and redevelopment agreement between the city and REVA Development Corp. for the Armory Building and an adjacent 3-acre site at its Sept. 22 meeting.
WJCT News partner the Jacksonville Daily Record reports REVA plans to redevelop the Armory Building into “Made at the Armory,” a mixed-use facility focused on the arts. It comprises art studios, art galleries and retail, restaurant, performance and event spaces.
REVA will purchase the adjacent site for $864,800. It plans to demolish the warehouse to construct a $20 million, 100-unit mid-rise apartment building called The Armory Flats.
It will make at least a $23 million investment to complete both projects.
The 80,826-square-foot former Florida National Guard armory is on 2.02 acres on the edge of Downtown at 815 N. Market St.
Read the rest of this story at JaxDailyRecord.com.