Union Terminal Warehouse

About the project

Columbia Ventures LLC formed in 2013 to focus on residentially anchored mixed-use development in urban locations in the southeastern US. Created in collaboration with the principals of the award-winning affordable housing development and property management firm, Columbia Residential, Columbia Ventures leverages the platform founded in 1991 by Noel Khalil to create a market-rate development and investment company with a unique skill set and dynamic approach to urban development.

Columbia is headquartered in Atlanta, GA.

A $4.5 million LISC predevelopment loan was used to redevelop the Union Terminal Warehouse into a class-A, mixed-income building with 162 residential units and 49 commercial maker-space units. The vision is to create a mixed-use property that addresses the need for quality commercial space and the need for affordable housing, while providing economic stimulus to the entire East Jacksonville community. This project delivers new housing and development to a low- and middle-income (LMI) census tract qualifying for New Market Tax Credit (NMTC) investment and a designated Opportunity Zone.