DIA committee advances $4.97 million loan package for Greenleaf & Crosby renovation

JWB wants to build a restaurant and lease office space in the 96-year-old historic landmark Downtown.

  • By Dan Macdonald
  • | 6:39 p.m. August 10, 2023
  • | 0 Free Articles Remaining!
The Greenleaf & Crosby Building Downtown at 208 N. Laura St. is the former home of Jacobs Jewelers, which closed in March 2023.
The Greenleaf & Crosby Building Downtown at 208 N. Laura St. is the former home of Jacobs Jewelers, which closed in March 2023.
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The Downtown Investment Authority Strategic Implementation Committee advanced a $4.97 million forgivable loan package Aug. 10 to help developer JWB Real Estate Capital LLC finance the estimated $16.88 million rehab of the Greenleaf & Crosby Building.

The 96-year-old historic landmark is at 208 N. Laura St. at Laura and Adams streets Downtown.

The deal next heads to the full DIA board for approval. The City Council also must approve it.

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