11 East Forsyth
11 East Forsyth | |
NRHP reference No. | 03001310[1] |
---|---|
Added to NRHP | December 23, 2003 |
11 East Forsyth, formerly known as the Lynch Building and the American Heritage Life Building, is a historic structure in Jacksonville, Florida. Originally developed by Stephen Andrew Lynch, as its current name suggests, it is located at 11 East Forsyth Street in Downtown Jacksonville.[2] On December 23, 2003, it was added to the U.S. National Register of Historic Places.
Vestcor invested more than $24 million to restore the building's exterior and transform the former offices into loft apartments, which tenants began to occupy during 2003.[2]
Construction
The 17-story, 153,000 sq ft (14,200 m2) building originally contained commercial offices and was opened by entrepreneur and film pioneer Stephen Andrew Lynch.[3] It was designed by architects Pringle & Smith in 1926 in the Chicago School style. It was constructed with limestone, marble and a facade of brick; the top of the structure contained a capital of terra-cotta.[4] When it opened in 1926, it was Jacksonville's second tallest building, one floor less than the Barnett National Bank Building.[5][6]
The building was renovated in 1962 and renamed the
Current use
Jacksonville developer Vestcor began a historic preservation of the building in 2002 after obtaining a $17.8 million, 1.5% interest, 20-year loan from the city of Jacksonville.
In late December 2009, Vestcor requested a modification to their loan terms, citing three years of operating losses at 11 East and their other renovated building, The Carling. The company asked for three years of interest-only payments plus low interest loans to potential tenants for the empty commercial space at 11 East.[5] Three months later, the city approved the plan for principal deferral but took no action on tenant loans.[8]
See also
References
- ^ "National Register Information System – (#03001310)". National Register of Historic Places. National Park Service. July 9, 2010.
- ^ a b c Witkowski, Rachel: "Costly renovation of historic buildings pays off for city" Jacksonville Business Journal, April 7, 2006
- ISBN 0-8130-0953-7. Archived from the originalon April 6, 2012. Retrieved September 27, 2011.
- ^ a b "Lynch Building" National Trust for Historic Preservation
- ^ a b c d Hunt, David: "Downtown housing developer asks Jacksonville for help" Florida Times-Union, December 30, 2009
- ^ a b c Marbut, Max: "The story behind one of Downtown’s historic buildings: The Carling" Jacksonville Daily Record, December 10, 2009.
- ^ "11 East Forsyth Apartments" Archived 2009-05-06 at the Wayback Machine Vestcor Companies
- ^ Bauerlein, David (March 11, 2010) "Jacksonville finds it too costly to pay business’s employee parking as incentive". The Florida Times-Union. Retrieved September 27, 2011