The Downtown Investment Authority is proposing a swap of two city-owned riverfront properties for a privately owned office building the city would provide for the University of Florida graduate center campus.
As contained in newly filed DIA legislation, the city would exchange the riverfront properties to acquire the former Interline Brands Inc. building at 801 W. Bay St., which is owned by the developers of the Gateway Jax project.
In a news release Thursday, the city said Gateway Jax planned to build a mixed-use development near Riverfront Plaza that would include 11 floors of residences, five floors of hotel rooms, two floors of podium parking and lobbies, a floor of public food and beverage space, and a public sky garden terrace.
Read the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.