A new Downtown Investment Authority program aims to generate residential development in the heart of Downtown Jacksonville. | Jacksonville Daily Record
Published on November 20, 2024 at 4:16 pm
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The Downtown Investment Authority board has approved a new program designed to generate residential development in the heart of Downtown, which has lagged districts like Brooklyn and the Southbank in adding apartments and condos.
The board voted 9-0 on Wednesday to establish the Northbank Downtown Core Residential Program, a suite of incentives and bonuses applying to the area bordered by Broad, State and Liberty Streets and the St. Johns River.
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Initiated by City Council member Joe Carlucci, the program sets goals of inducing construction of 425 multifamily dwelling units per year.
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