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Downtown Investment Authority ends Laura Street Trio negotiations with SouthEast Development Group

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The vacant buildings have stood in downtown Jacksonville since shortly after the Great Fire of 1901.

JACKSONVILLE, Fla. — The future of a major building project in downtown Jacksonville is now uncertain after the Downtown Investment Authority voted to end negotiations with the group hoping to restore the Laura Street Trio.

Amidst the skyline of downtown Jacksonville sit three distinct and vacant buildings. The Laura Street Trio have stood the test of time since construction after the Great Fire of 1901. But for the last two decades they've been shells of their former selves; empty with graffiti and weeds growing out of the walls.

"A large part of the cost of this project, probably about 40% of the cost gives no return whatsoever, it's not revenue generating," said Atkins,"it's simply putting these buildings back in a structural state that they're suitable for new construction, that's the challenge."

 

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