The Phoenix Arts & Innovation District launched a new phase that will include multifamily construction, shown here in a rendering. | Jacksonville Daily Record
Published on April 27, 2026 at 11:46 am
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Propelled by a new partnership with a building contractor, developers of the Phoenix Arts & Innovation District are preparing to launch their first new construction in the mixed-use project.
An announcement is expected soon from Miami-based Future of Cities, the lead developer of the district in North Springfield, for groundbreaking of an affordable housing project in the district where plans call for a $500 million combination of renovated industrial buildings and new construction.
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Michael Weil, project executive and chief operations officer for Future of Cities, said during an April 17 interview that the developers have obtained funding for the project that includes state assistance and tax credits from the city of Jacksonville. Weil said further details would be announced soon.
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