The project is designed on 3.4 acres at Adams, Johnson, Lee and Forsyth streets in the historic Downtown neighborhood.
The Vestcor Companies, Inc. has committed to the construction of a for-sale townhome residential community consisting of a minimum of 88 units (50 townhomes and four two-story buildings with 38 townhomes) having an average sales price of $250,000. The new community will be located on what is currently City-owned real property identified by Duval County Tax Parcels to be purchased by the Company, located in the Northbank Community Redevelopment Area.
Vestcor has committed to provide a contribution of $100,000 to the development of Lift Ev’ry Voice and Sing Park, an additional $100,000 to the development of the Emerald Trail, and to share profits with the DIA equal to 75% of all sale proceeds in excess of 250,000 for each unit sold.