Georgia-based Rise Properties LLC is constructing a 247-unit building with first floor retail, rooftop amenities and a 284-space garage and will be the first major multifamily residential property in the Sports & Entertainment district. A feature wall will incorporate materials and architectural features that were found on the original Doro building. The former Forsyth Street right-of-way adjacent to the site is expected to create a destination for outdoor social activities including markets, culture, and entertainment all year around.
Investment: $65 Million
The city is paying for redevelopment of a 125-slip public marina; a marina support building; an event lawn; and the Riverwalk to support the Four Season’s hotel and residences.
“The Florida Theatre is closing from July to October for the next round of renovations in its Centennial Campaign, which started in 2019 to prepare the historic venue for its 100th anniversary in 2027.
During the closure, the city-owned theater at 128 E. Forsyth St. Downtown will have all the decorative plaster in the auditorium repaired; the lobbies and auditorium will be painted; the heating, ventilation and air-conditioning system will be replaced; the building’s electrical vault will be moved from the first to the third floor; and the public restrooms will be redesigned and renovated.” Jax Daily Record
Currently undergoing a substantial rehabilitation to update mechanical systems and retain historic architectural features that make this building one of the finest in the downtown Historic District. The ground floor will have a restaurant space with basement seating with office in the upper floors.
In October of 2021, the Jacksonville City Council approved plans for a 176-room Four Seasons hotel with 25 private residences, a 156,000-square-foot class A office tower and City-owned marina. The five-star hotel will tout resort amenities including a pool, spa, ballroom, meeting spaces, signature roof-top restaurant and dining options. The marina will feature a marina support building that contains a ship store, public restaurant, restrooms, and shower facilities.
Plans include a $4 million investment over 20 years to neighboring Metropolitan Park.
Investment $387.6 Million
Expected Completion: 2026
The RiversEdge development will include more than four acres of public park spaces, including a large central riverfront Park, and will tell the story of Jacksonville’s extraordinary medical facilities through art, exercise, gardens and interactive features. Active water access abounds with a marsh boardwalk and an extension of the Southbank Riverwalk, as well as transient boater slips and a kayak launch site.
This project includes replacing deteriorating bulkheads along the Northbank. Work on the Jacksonville Performing Arts Center bulkhead was recently completed (2023). Additional improvements to come include the CSX bulkhead, Riverfront Plaza bulkhead, and East of Main Street bulkhead.
This project includes the redevelopment of a historic two-story building located in Downtown’s City Center. Upon completion, the space will operate as a live music entertainment venue dubbed Decca Live and will include a rooftop bar.
Home2 Suites hotel by Hilton is under construction at 600 Park Street in the Brooklyn neighborhood of Downtown Jacksonville, Florida. Located on a .86-acre parcel, the new six-story, $22 million Home2 Suites will offer 100 rooms, a fitness center, and a street-level restaurant with outdoor dining, landscaping, public art and the redevelopment of an existing parking lot. The project broke ground in October 2022 and is projected to be complete in January 2024.
Fincantieri Group, who employs 19,000 people worldwide, plans to invest $30M and ramp up employment to 300 jobs in Jacksonville by 2028.
The majority of the investment will be a 500-foot drydock arriving in 2023 that can lift a 13,000-ton vessel out of the water compared to the 2,700-ton capacity in place now at the site