An illustration shows RiversEdge: Life on the St. Johns along the Southbank of the St. Johns River. | Jacksonville Daily Record
Published on October 4, 2023 at 11:31 am
The City Council Finance Committee has unanimously approved amending the agreement between the city and Elements Development of Jacksonville LLC, developer of the RiversEdge: Life on the St. Johns commercial and residential project on the Southbank Downtown.
RiversEdge, formerly called The District and before that Healthy Town, is designed to bring retail and restaurants, office space, a hotel, residential units, a public marina and new riverfront park space to a 32.21-acre site east of the Duval County Public Schools headquarters building on the Southbank.Â
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The most substantial change in the new agreement increases the city’s maximum indebtedness for the RiversEdge Recapture Enhanced Value Grant by $41,961,000 — from $56,025,000 to $97,986,000.
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