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.
Preston Hollow Capital LLC is rebranding its 32-acre Downtown Southbank development, previously called The District, to “RiversEdge: Life on the St. Johns” and has contracted with Toll Brothers for 39 town houses — the site’s first confirmed vertical construction.
Related Group plans to replace the River City Brewing Co. restaurant on the Southbank with an estimated $92 million, eight-story, 333-unit apartment community.
The project, located in the Cathedral District, will be dubbed Lofts at Cathedral. Workforce housing downtown has become a staple of Vestcor’s work. The company’s Lofts at Monroe, Lofts at LaVilla, Lofts at Jefferson Station and Lofts at Brooklyn are some of the income-capped apartments it is supplying downtown and in surrounding neighborhoods, like Murray Hill.
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.
The St. Augustine-based developer plans to renovate the 1950s-era building at 404 N. Julia St. and add an eight-story apartment building.