JWB buys West Adams Street buildings Downtown for bar, restaurant space | Jax Daily Record | Jacksonville Daily Record
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JWB Serious Estate Funds extra to its Downtown holdings with the $1.2 million acquisition of 119 and 129 W. Adams St., the previous Breezy Jazz Club and Scottie comfort keep.
They could become restaurant, bar, business office and retail space, potentially with a rooftop bar or restaurant.
JWB Authentic Estate Funds President Alex Sifakis said the buildings do not have leases in position but and is seeking for possible retail, bar or restaurant operators.
Breezy moved to San Marco in late 2020 and the Scottie shop closed ahead of the acquisition.
JWB Real Estate Cash President Alex Sifakis said tentative programs are to construct a prevalent stair and elevator to link the two structures.
The initially flooring of just about every would be for retail use, Sifakis said, almost certainly a bar or a cafe.
He claimed the team will speak with the Downtown Financial commitment Authority about incentives but is not near to figuring that out.
JWB Real Estate Money intends to renovate 129 and 119 W. Adams St. into retail, bar, cafe and workplace use and insert a rooftop location. Though signals continue to be on the companies, they are closed.
JWB purchased the property from 119 West Adams LLC and 129 West Adams LLC, which acquired them in 2013. The LLCs are led by Charles Sears.
By way of Ashley and Pearl Parking LLC, JWB Real Estate Money paid $600,000 each individual for the vacant structures Feb. 24.
Bobby Knight of Coastal Commercial Serious Estate represented the vendor and buyer in the transaction.
119 W. Adams St., the previous Breezy
The two-story, 12,000-square-foot 119 W. Adams St. framework was crafted in 1919. Sifakis explained it originally was Furchgott’s in advance of the department retailer moved into the 128 W. Adams St. setting up, which one more developer is renovating.
The initially flooring will be for retail use, likely a bar or restaurant. One more making indicator suggests a former tenant was Mingle City Cafe.
The 2nd floor would be workplace or retail space, with an added third-flooring rooftop bar or cafe.
The extra rooftop will increase the dimensions to 18,000 sq. ft.
129 W. Adams St., the former Scottie
The 4-tale, 12,000-square-foot structure at 129 W. Adams St. was developed in 1924.
The initially flooring would be retail, most likely a bar or restaurant.
JWB intends to choose out the flooring concerning the to start with and 2nd flooring to produce 1 ground with a 17-foot ceiling. That will make it a three-story, 9,000-sq.-foot area.
The third floor would be workplace house.
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