Renovation Plans Underway for The Ambassador Hotel

The Vestcor Companies is proud to announce their collaboration with Augustine Development Group to rehabilitate the Ambassador Hotel block in downtown Jacksonville. Axis Hotels LLC, an affiliate of Augustine Development Group, purchased the Ambassador Hotel and the surrounding block in July 2018. The principles, Bryan Greiner and George Bochis, have laid out a vision for…

Ambassador Hotel incentives ready for City Council

The incentives package to help a St. Augustine-based developer restore the former Ambassador Hotel downtown and build an apartment complex next door is on its way to City Council. The Mayor’s Budget Review Committee OK’d legislation language for the project on Monday. Incentives include a $1.5 million grant from the Downtown Historic Preservation and Revitalization…