Mathers Social Gathering, the Orlando-based cocktail bar with small bites from the Mawardi family, is moving forward with its plans for Jacksonville at 120 E. Forsyth St.
The company’s second location will move into the historic New York Steam Laundry Building Downtown, which All of Eight Investments LLC and its majority owner, Keith Mawardi, bought for $1.08 million in June 2018, according to Jacksonville Daily Records. Now the company is moving forward with plans after asking the city Downtown Investment Authority for a $1.207 million forgivable and deferred principal loan package for repairs to the 11,870-square-foot building.
While the Mawardi family is the primary property investor, the family owns Mathers Jax LLC through KRM Hospitality LLC. Keith reportedly controls 80% of that company, while Romi Mawardi owns 15% and is listed as the chief marketing officer. All of this falls beneath another Mawardi family company, Team Market Group. The Orlando-based group also purchased the three-story Ann Teague Bonding Agency Inc. building at 112 E. Forsyth St. in 2018.
If approved, the DIA board will consider awarding the developer/building owners a $268,900 Historic Preservation, Restoration, and Rehabilitation Forgivable Loan, a $696,800 Code Compliance Forgivable Loan, and a $241,400 deferred principal loan. The DIA historic incentive program forgives the loans 20% annually over five years. Once these loans are received, the owners plan to use the money on demolishing the remaining interior space, repairs on structural damage, new plumbing, and several other projects.
