▁Church , ▁which ▁would ▁cost ▁an ▁estimated ▁$ 8 ▁million ▁in ▁private ▁equ ity , ▁government ▁gr ants , ▁and ▁low - inter est ▁lo ans , ▁involved ▁converting ▁the ▁ground ▁floor ▁to ▁commercial ▁space ▁and ▁turning ▁the ▁top ▁five ▁flo ors ▁into ▁ 5 0 ▁unit ▁apart ments . ▁Carter ▁hoped ▁the ▁renov ation ▁will ▁lead ▁to ▁a ▁further ▁collaboration ▁with ▁East on ▁to ▁renov ate ▁the ▁block . ▁ ▁Sub sequently , ▁the ▁historic ▁property ▁was ▁acquired ▁by ▁A xis ▁Hot els ▁L LC , ▁which ▁announced ▁plans ▁in ▁ 2 0 1 8 ▁to ▁turn ▁the ▁building ▁into ▁a ▁ 4 - ▁or ▁ 5 - star ▁bout ique ▁hotel ▁with ▁ 1 0 0 ▁rooms ▁and ▁a ▁ro o ft op ▁bar . ▁A xis ▁also ▁purchased ▁the ▁adjacent ▁former ▁Marine ▁National ▁Bank ▁building ▁at ▁ 4 0 4 ▁North ▁Julia ▁Street , ▁which ▁the ▁company ▁plans ▁to ▁demol ish ▁to ▁construct ▁a ▁ 2 0 0 - unit ▁a partment ▁building ▁with ▁ 1 5 , 0 0 0 ▁square ▁feet ▁of ▁ret ail ▁space . ▁ ▁References ▁ ▁External ▁links ▁ ▁Category : A partment ▁buildings ▁in ▁Florida ▁Category : History ▁of ▁Jackson ville , ▁Florida ▁Category : National ▁Register ▁of ▁Historic ▁Places ▁in ▁Jackson ville , ▁Florida ▁Category : Res ident ial ▁buildings ▁in ▁Jackson ville , ▁Florida ▁Category : Res ident ial ▁buildings ▁on ▁the ▁National ▁Register ▁of ▁Historic ▁Places ▁in ▁Florida ▁Category : H ent z , ▁Re id ▁& ▁Ad ler ▁buildings ▁Category