The Ambassador project is tied to two other Augustine Development projects on the same block in the North Core.Ĭouncil approved the original redevelopment agreement for the Ambassador in January 2019.

“We feel not 100% comfortable that that deadline will actually happen, which is why we’ve asked for a little bit of grace and extension through City Council to get us there,” Bochis said. This is the second time since October that DIA voted to give Augustine Development subsidiary AXIS Hotels LLC an extension on its development agreement related to supply chain concerns.įile photo: Augustine Development Group CEO George Bochis.īochis said if the windows are delivered from March 23 through May 5 as the supplier has stated, the project could make the June 30 deadline extension that Boyer has the authority to grant under the existing city development agreement.īut he said the window supplier has missed deadlines and is asking the DIA to request a longer extension through September only allowed by a City Council vote. 31, 2023, deadline to complete all negotiations, file legislation and gain Council approval. Whether the DIA board accepts new deal terms or puts out a new notice of disposition for the property, the resolution sets a Dec. The extension approved March 15 could result in a revised term sheet to be considered by the DIA board at its July meeting.

Downtown.ĭIA board member Oliver Barakat said in February he worried substantial changes to the design might not be fair to the other bidders.ĭIA CEO Lori Boyer said adding a hotel would fit into the parameters of the original RFP, but the city might have to rebid the site if Carter went further. That proposal comprised 360 apartment units an exterior elevated plaza/green space a ground-floor open-air plaza and a 1,500-square-foot restaurant on the second and third floors with rooftop patio space.įile image: A conceptual rendering for Atlanta-based Carter's $150 million, 22-story mixed-use proposal for the former Duval County Courthouse site at 330 E. That deal has yet to be approved by Council. When the DIA approved a $41 million incentives deal for the project in May 2022, board members already were expressing concerns that the design was changing from the 21-story pedestal and single-tower design Carter pitched to win a request for proposals in early 2022 to redevelop the city-owned property at 330 E. 14 DIA committee meeting that plans had slowed because the developer decided to add a hotel to the plan for the mixed-use project. In February, Carter missed its deadline to receive conceptual design approval for The Hardwick from the city Downtown Development Review Board.Ĭarter Executive Vice President David Nelson said at a Feb.

If that date cannot be met, the board OK’d DIA staff’s request to file legislation with City Council to extend Augustine Development’s deadline through Sept. after the developer said supply chain issues are holding up construction. The board also voted 6-0 to give Augustine Development Group until June 30 to finish its nearly $18 million renovation of the historic Ambassador Hotel building at 420 N. The Downtown Investment Authority Board voted unanimously March 15 to give Atlanta-based developer Carter until June 21 to make project scope or design changes for its estimated $150 million proposal, The Hardwick, at the former Duval County Courthouse site. A proposed Downtown riverfront mixed-use high-rise and a North Core adaptive historic reuse project in the works since 2018 are experiencing more delays.

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