JWB Real Estate Capital LLC is seeking $5.63 million in city incentives for its proposal to rehabilitate the Greenleaf & Crosby Building and relocate its headquarters to the 96-year-old historic landmark Downtown.
The Downtown Investment Authority Strategic Implementation Committee is scheduled to vote Aug. 10 on a $4.97 million forgivable and deferred loan package to help the developer finance the estimated $16.88 million rehab of the building at 208 N. Laura St.
According to the term sheet released Aug. 3 by the DIA, JWB plans to have 44,000 square feet of leasable commercial office space and 11,000 square feet of restaurant space on the first floor and in the basement.