Jacksonville’s urban core has emerged as a major center for multifamily infill development in recent years. Here is a look at 15 significant multifamily projects currently under construction in or adjacent to Downtown.
Located on four acres at the intersection of Montana Avenue and Broadcast Place, the $75 million, 340-unit Artea project is a class-A multi-family development under way by Corner Lot Development Group. Adjacent to the Jacksonville Transportation Authority’s Kings Avenue Skyway rail station, this transit-oriented development will include a four-level, 425-space parking garage, a pool, multiple amenity spaces and a rooftop deck for public and private use.
2. First & Main
First & Main is a mixed-use project that will include 201 market-rate apartments and retail space. Being developed by the Corner Lot Development Group, the $55 million project includes the adaptive reuse of the city’s first Chevrolet dealership building into retail space at the entrance from Downtown into Springfield. The project is expected to be completed in Summer 2025.
3. Florida Baptist Convention Building
Completed in 1924, the First Baptist Convention Building is notable for being the last office building in Downtown Jacksonville designed by Henry John Klutho. JWB Real Estate Capital LLC. is now nearing completion on a project that is converting the building into a mixed-use project with 24 apartments, two restaurants and 1,147 square feet of retail space.
4. Four Seasons Hotel & Residences
Construction is underway for a long-planned Four Seasons Hotel-anchored mixed-use development on the former grounds of Kids Kampus at Metropolitan Park. Being spearheaded by the Jaguars and Shad Khan’s Iguana Investments, the $370 million project will include a 176-room, 12-story five-star hotel, 25 luxury condos and a six-floor office building. The project is anticipated to be completed in 2026.
5. Independent Life
The adaptive reuse of the Independent Life Building at 233 West Duval Street by the Augustine Development Group continues. When complete, the 165,000 square foot office tower will be converted into a $30 million mixed-use project that will include 135 market rate apartments, a 21,000 square foot grocery store/food hall and 10,000 square foot rooftop lounge and restaurant.
6. Johnson Commons
Construction on a 91-townhome residential community is now underway in LaVilla. A joint project of JWB Real Estate Capital LLC. and the Corner Lot Development Group, each three-story, 1,400-square foot townhouse at Johnson Commons will include a one-car garage. A second phase could add retail and additional units at the 3.4-acre site surrounded by Adams, Stuart, Forsyth and Lee streets.
7. Lofts at Cathedral
The Lofts at Cathedral is a mixed-income project that will include the renovation of the Cathedral District’s former YWCA Building and the construction of a five-floor multifamily structure. Combined, the $28.78 million project will add 120 apartment units to the neighborhood. Approved by the Downtown Development Review Board in January 2022, preparations for the project’s construction are now underway.
8. Lofts at San Marco East
Construction is underway on the Lofts at San Marco East. Located at 3036 Philips Highway, the $42 million project will add 172-unit affordable workforce apartments in a four-story building. The Vestcor Companies project is expected to be completed in spring of 2024.
9. One Riverside
Atlanta-based Fuqua Development is in the process of developing the $250 million One Riverside project in Brooklyn. The first phase of the 18.8-acre development will include a Whole Foods Market grocery store, 11,000 square feet of retail space, 271 apartments, structured parking and a riverfront restaurant. The second phase will include an additional 115 units, at least two riverfront or creekfront restaurants, 15,000 square feet of retail space and potentially a marina.
10. RISE Sports Town
Rise, a Valdosta-based development firm, is in the process of constructing a new eight-story, 247-unit mixed-use apartment development at 960 E. Adams St. in the Sports and Entertainment District. Called RISE Sports Town, the $67 million development will include a 284-space parking garage, 4,875 square feet of ground-floor retail space and rooftop amenities. The project should be completed in 2023.
11. The Hendricks at San Marco
Corner Lot Development Group and Harbert Realty Services are in the process of developing The Hendricks at San Marco. Located on Hendricks Avenue adjacent to the new East San Marco Publix, the $21 million, 133-unit multifamily project will include a three-level parking garage and is anticipated to be completed in 2023.
12. The Jack on the Beach Apartments
Vertical construction is underway on The Jack on the Beach Apartments at 3428 Beach Blvd. in St. Nicholas. When completed, the Jacksonville-based Chance Partners project will add 295 multi-family units on the 9.96-acre former Southgate Plaza shopping center site.
13. The Station at San Marco
Construction continues on a $32 million urban, infill, mixed-use development on the 3.3-acre former Florida Baptist Convention property in San Marco. Called The Station at San Marco, the five-story project comprises 345 units, a parking garage and 5,000 square feet of ground-level retail space. Being developed by Block One Ventures and its affiliates, it will offer amenities including an expansive fitness center, bike storage, pet spa, clubroom with gaming, lounging and work areas, pool with a courtyard, a garden courtyard, and views across the river to Downtown Jacksonville from the rooftop pool and sky lounge topping the 526-stall parking garage. Completion is anticipated in 2023.
14. The Terraces at San Marco
Construction continues on a 27-unit townhouse community called The Terraces at San Marco. Bounded by Atlantic Boulevard, Arcadia Place, Minerva Avenue and Alford Place, the development by National homebuilder Toll Brothers will consist of five town house buildings with bungalow-court-style courtyards separating them.
15. Union Terminal Warehouse Company
At the time of its completion in 1913, the Union Terminal Warehouse was the largest commercial building in Florida. Intended to be a catalyst for economic development and revitalization on the Eastside when it’s complete, the adaptive reuse project will include 228 apartments, 20,233 square feet of community/commercial space, 24,607 square feet of maker/artist studios, and 4,205 square feet of restaurant and coffee shop space. The warehouse was recently listed on the National Register of Historic Places and is Florida’s first Historic Tax Credit project in a Federal Opportunity Zone. In addition, the $72 million historic renovation is the state’s largest Historic Tax Credit project by square footage.
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