The project is designed on 3.4 acres at Adams, Johnson, Lee and Forsyth streets in the historic Downtown neighborhood.
Johnson Commons, LLC has committed to the construction of a for-sale townhome residential community consisting of a minimum of 91 townhomes in Phase 1. All units will be offered as individual for sale product, adding to the diversity of residential options in the community. The Townhome units proposed by Johnson Commons will be three story (approximately 1400 square feet average) each with a one car garage. All 91 townhome units will be developed in single phase.
BUILDING A VIBRANT DOWNTOWN
The Jacksonville Shipyards, including a restored Met Park, will deliver a Downtown experience that blends urban design with waterfront entertainment.
A modernized marina, a landmark five-star hotel and residences, a six-story office building and a world-class orthopedic center will create hundreds of new jobs, generate vital tourism revenue and spark additional opportunities for emerging local businesses.
With an influx of restaurants, hotels, entertainment and parks to complement existing establishments, a buzzing Downtown could become the true heart and soul of Jacksonville.
Related Group is planning a new eight-story, riverfront tower with 325 apartments, a 5,000 SF restaurant space and 511 parking spaces. The City will finance the restoration of a 29-slip marina and boat ramp at the site.
Investment: $85 Million
Augustine Development Group purchased the building—now designated a local Historic Landmark—in October 2019 for
$3.7 million, with plans to invest more than $30 million in the redevelopment of the property. The developer announced
plans to renovate the 18-story, 165,000 square foot building at 233 W. Duval St. to include a 21,000-square-foot grocery store, 140 market-rate apartments and a 10,000 square foot rooftop restaurant, lounge and pool.
The five-story, 26,500-square-foot vacant office building was developed in 1924 and is landmarked as historic. JWB bought it from investor Atrium Properties 1 LLC.
JWB Real Estate Capital President Alex Sifakis
“We are planning on doing a mixed-use project with commercial on the first floor and 24 residential rental units on floors two to five,” said JWB Real Estate Capital President Alex Sifakis on Aug. 28.