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Aerial View of the Independent Life Building

Old Independent Life Building Slated for Downtown Apartments, Grocery Store and More

October 08, 2019

Another Downtown office building is slated for redevelopment.

St. Augustine-based Augustine Development Group bought the former Independent Life and Accident Insurance Co. home office building at 233 W. Duval St. Downtown for $3.7 million.

Bryan Greiner, president of Augustine Development Group, said Tuesday his group bought the 64-year-old building last week and plans to invest about $28 million in the 180,000-square-foot, 19-story structure.

The group plans to develop 140 market-rate apartments on the second through 18th floors, a grocery store on the 21,000-square-foot ground floor and basement, and a rooftop terrace with a pool, lounge and a high-end sushi and seafood restaurant on the top floor.

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