Jacksonville, Florida, December 5, 2025
The Laura Street Trio, a set of historic buildings in downtown Jacksonville, is set for redevelopment under new ownership by Becovic Management Group. Plans include multifamily units, a hotel, commercial spaces, and a restaurant aimed at revitalizing the area and attracting new residents and tourists alike. This project marks a significant step towards preserving the architectural heritage of Jacksonville while enhancing the local economy.
Jacksonville, Florida: Historic Laura Street Trio to Receive New Ownership and Redevelopment Plans
Jacksonville, Florida – The historic Laura Street Trio, a trio of iconic buildings in downtown Jacksonville, is set to undergo significant redevelopment under new ownership. Indiana-based Becovic Management Group has announced plans to revitalize the structures with multifamily units, a hotel, commercial and retail spaces, and a restaurant.
Details of the Acquisition and Redevelopment Plans
Becovic Management Group intends to close on the purchase of the Barnett National Bank Building on December 9, with a tentative closing date for the Laura Street Trio set for December 18. The redevelopment project aims to breathe new life into the historic buildings, which have been in a state of decay for decades. The plans include:
- Multifamily Units: Residential apartments to attract new residents to the downtown area.
- Hotel: A hospitality establishment to accommodate visitors and boost tourism.
- Commercial and Retail Spaces: Areas designated for businesses to enhance the local economy.
- Restaurant: Dining facilities to provide culinary options for both residents and visitors.
Background on the Laura Street Trio
The Laura Street Trio comprises three historic buildings located at Forsyth and Laura streets in downtown Jacksonville. Over the years, these structures have faced challenges related to preservation and redevelopment. Previous attempts to restore the buildings have encountered obstacles, including financial difficulties and legal complexities. The most recent initiative by Becovic Management Group represents a renewed effort to revitalize this significant part of Jacksonville’s architectural heritage.
Implications for Downtown Jacksonville
The successful redevelopment of the Laura Street Trio is expected to have a positive impact on downtown Jacksonville. By introducing residential units, a hotel, and commercial spaces, the project aims to attract more residents and visitors to the area, stimulate economic growth, and preserve the historical significance of the buildings. The addition of a restaurant is also anticipated to enhance the city’s dining scene and provide new employment opportunities.
Conclusion
The acquisition and planned redevelopment of the Laura Street Trio by Becovic Management Group signify a promising development for downtown Jacksonville. With a focus on preserving historical architecture while introducing modern amenities, the project holds the potential to revitalize the area and contribute to the city’s ongoing growth and revitalization efforts.
Frequently Asked Questions (FAQ)
What is the Laura Street Trio?
The Laura Street Trio is a group of three historic buildings located at Forsyth and Laura streets in downtown Jacksonville, Florida. These structures have been significant landmarks in the city’s architectural landscape.
Who is Becovic Management Group?
Becovic Management Group is an Indiana-based real estate development firm specializing in the acquisition and redevelopment of historic properties. They have a track record of revitalizing historic buildings to serve modern purposes.
What are the plans for the redevelopment?
The redevelopment plans include the addition of multifamily residential units, a hotel, commercial and retail spaces, and a restaurant. These developments aim to breathe new life into the historic buildings and contribute to the revitalization of downtown Jacksonville.
When is the redevelopment expected to begin?
The acquisition of the Barnett National Bank Building is scheduled to close on December 9, with the Laura Street Trio’s closing set for December 18. Specific timelines for the commencement of redevelopment activities have not been publicly disclosed.
How will this project impact downtown Jacksonville?
The redevelopment is expected to attract more residents and visitors to downtown Jacksonville, stimulate economic growth, and preserve the historical significance of the area. The introduction of new commercial and residential spaces is anticipated to enhance the vibrancy and appeal of the downtown district.
Key Features of the Laura Street Trio Redevelopment
| Feature | Description |
|---|---|
| Multifamily Residential Units | Introduction of residential apartments to attract new residents to downtown Jacksonville. |
| Hotel | A hospitality establishment to accommodate visitors and boost tourism in the area. |
| Commercial and Retail Spaces | Designated areas for businesses to enhance the local economy and provide services to the community. |
| Restaurant | Dining facilities to offer culinary options for both residents and visitors, contributing to the city’s dining scene. |
| Preservation of Historic Architecture | Efforts to maintain and restore the historical significance of the Laura Street Trio buildings. |
Deeper Dive: News & Info About This Topic
HERE Resources
Historic Laura Street Trio Attracts Out-of-State Buyer
Renewed Interest in Jacksonville’s Historic Laura Street Trio
Two Proposals Submitted for JEA Tower in Jacksonville
Historic Properties in Jacksonville Face Endangerment
Author: STAFF HERE JACKSONVILLE WRITER
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