A $58.79 million package of city incentives for The Related Group’s proposed high-rise development on the Downtown Southbank is headed to the Jacksonville City Council after the Downtown Investment Authority board voted Wednesday to recommend its passage.

The Miami-based developer plans a 25-story tower on the former site of River City Brewing Co., a 3.02-acre property at 835 Museum Circle between the Acosta Bridge and Friendship Fountain. The project would include an additional eight-floor apartment building, a 550-space parking garage, a river-facing restaurant and a ship store that would sell beverages, ice and other items to patrons of the adjacent boat ramp.

In addition, Related would manage and execute improvements to the Riverwalk and deed a 4,200-square-foot parcel to the city to permit expansion of St. Johns River Park and Friendship Fountain. 

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