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JACKSONVILLE, FL- Developers unveiled detailed renderings of a 68-story hotel and condominium tower that is planned for the intersection of Bay Street and A. Phillip Randolph Boulevard in Jacksonville, FL.
The project, called the Saint Johns Hotel and Residences, which was first announced at the end of last year, would include 469 condominiums, a 169-room hotel, a ballroom and a spa.
Developer Bayard Spector said that he hopes to begin construction on the $200-million project in a year and begin presales of the condos by the end of the summer. At 650 feet, the tower would best the city's current tallest building, the Bank of America tower, by 33 feet.
Units on the condominium levels would range from 720 sf to 1,700 sf. Spector said that he had not decided whether the lower levels, which have units ranging from 536 sf to 1,095 sf would be for hotel use only or be part of a CONDOMINIUM HOTEL, which allows residents to purchase units that are rented out as hotel rooms when vacant.
In all, the building will have about 1.5 million sf of space. A 13-story, 1,200-space parking garage will be built adjacent to the tower.
http://www.hotelbusiness.com/links/archive/archive_view.asp?ID=27689&search_variable=condominium%20hotel
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