- September 17, 2019
JWB Real Estate Capital LLC filed a request with the Downtown Development Review Board for conceptual design approval of a 175-unit, 18-building apartment community in the Cathedral District.
The 2.08-acre site for the Cathedral Commons project comprises multiple parcels bisected by East Duval Street. It is bounded to the north by Church and East Duval streets; to the east by Catherine Street; to the south by East Duval and East Newnan streets; and to the west by North Washington Street.
Design renderings by Studio 9 Architecture show three-story buildings in five architectural styles “giving the development an urban feel and character,” says a DDRB staff report released May 5.
“Each design includes a terrace or balcony creating unity throughout the complex as well as providing a dynamic quality and look,” it says.
The board is expected to vote May 12 on the conceptual designs.
According to the report, the Cathedral Commons material and color choices are in line with the Cathedral District Design Guidelines.
JWB has contracted with Jacksonville-based civil engineering firm Kimley-Horn and Associates Inc. and construction manager Opus Group for the project, the renderings show.
Duval County property records show JWB bought the project parcels through FITOZ LLC from October 2020 through September 2021.
JWB is controlled by President Alex Sifakis, co-founder and CEO Gregg Cohen, CFO Adam Rigel and COO Adam Eiseman.
The company is developing 2,300 single-family homes and about 1,000 multifamily units in Northeast Florida
A substantial piece of JWB’s business is rehabbing existing, underused houses in underserved markets.
Cathedral Commons will add to JWB’s real estate portfolio Downtown.
Since August 2020, Sifakis has led JWB’s focus on adaptive reuse in Downtown’s North Core and construction plans in LaVilla.
The company is restoring the historic Federal Reserve and Florida Baptist Convention buildings into a city block of apartments, restaurants and retail use.
JWB is rehabbing the Porter House Mansion into office and restaurant space, with a proposed multifamily addition.
The company bought a warehouse at 331 W. Ashley St. and a parking garage from First Baptist Church of Jacksonville.
In LaVilla, JWB is partnered with Corner Lot Development to develop a 91-unit, for-sale town house project with a proposed second phase of 10,000 square feet of ground-floor retail space.