A tax incentive for the proposed 31-story retirement community by Fleet Landing on Jacksonville’s Northbank area moved forward Oct. 21, earning approval by the Downtown Investment Authority’s board.
Board members voted 7-0 to approve the $49.27 million, 20-year, 75% Recapture Enhanced Value Grant, detailed in DIA Resolution 2026-1002. A REV grant is a refund on ad valorem tax revenue generated by a new development or property enhancement. It can apply to property and tangible personal property.
Fleet Landing Riverside is proposed at 111 Riverside Ave., the former headquarters of the global building services company Haskell, for residents who “will be active, engaged adults age 62 and better.”
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