Downtown Landmark Faces Possible Demolition | News

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Downtown Landmark Faces Possible Demolition
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JACKSONVILLE, Fla. -- A downtown landmark at the corner of Ocean and Bay streets displaying several jaguar murals could soon be be demolished.

The Bostwick family has owned the property since the 1830s. Last week, the 110 year-old building was hit with fines for code violations. The owners, who were first cited in 2005, now face $100-a-day fines.

"We asked for leniency," said Val Bostwick, whose family has been involved with the property since day one.

Bostwick says the building has been vacant for nearly three decades and the current commercial real estate market has produced no takers.

"We are faced with the decision that we either got to sell it in a very short period of time or demolish the building," said Bostwick, who is also a commercial realtor.

The 7,600-square-foot building is currently on the market for $225,000.

Bostwick says it would cost $1 million to bring the building up to code.

The Bostwick property in the 1870s was home to the First National Bank, which was destroyed by the Great Fire of 1901. The bank's vault was the only thing that survived the fire and is still part of the current Bostwick Building.

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