Downtown Residential

Live Downtown

Downtown living is on the rise, drawing in Baby Boomers, Millennials and Gen Z’ers looking to dwell amid unique dining, world-class museums, sports and entertainment events, nightlife, and public art. In the past five years, Downtown has seen a 40% increase in residents. Nearly 800 new apartments have opened since the start of 2020 including The Southerly, Vista Brooklyn, Elena Flats, Shipping Container Apartments, Lofts at Brooklyn, and Lofts at Jefferson Station–Downtown’s first transit-oriented housing development in LaVilla.

Approximately 7,400 residents now live in 30 multifamily propertie. Downtown can expect nearly 900 additional residents once the 531 units under construction come online, bringing Downtown 80% of the way towards its goal of 10,000 residents. Investors are taking note of Downtown’s quick growth with many projects incorporating amenities and retail into mixed-use projects. In turn, these new amenities will drive demand, attracting and retaining even more residents.

According to Smart Asset – which used Census Bureau data from 2016 to determine the most popular U.S. states and cities that millennials are moving to – Jacksonville is ranked the fifth most popular city. Residents cite atmosphere, vibe and entertainment and events as the best things about living Downtown.

2021-2022 Statistics

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97.5% Occupancy Rate

4,499 Current Units

531 Units Under Construction

3,317 Units Approved/In Review

970 Units Proposed

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RESIDENTIAL SALES
Average price: $229,900
Average price per SF: $200
Range: $86-$363 per SF

RESIDENTIAL LEASES
Average rent/mo: $1,579
Range: $675 – $5,785

Residential Projects Under Construction

  • Ashley Square Senior Housing, 650 N. Newnan St.
  • Baptist Convention Building, 218 W. Church Street
  • Independent Life Building, 233 W. Duval Street
  • The Doro, 128 A.P. Randolph Blvd
Rendering of the Brooklyn Mixed-Use Development
Rendering of Cathedral Commons Design

Residential Projects Approved/In Review

  • Brooklyn Mixed-Use, 390 Park St.
  • Cathedral Commons, 501 Duval St. & 315 Washington St.
  • Central National Bank Building (Ambassador Annex/404 N. Julia), 404 N. Julia Street
  • Furchgott’s Building, 128 W. Adams St.
  • Jones Brothers Furniture Building, Hogan St. and Ashley St.
  • Johnson Commons, Adams, Lee, Houstin & Forysth
  • Lofts at Cathedral, 325 E. Duval St.
  • One Riverside Ave (Phase 1), 1 Riverside Ave
  • One Riverside Ave (Phase 2), 1 Riverside Ave
  • Related Multifamily Development, 835 Museum Cir. 
  • Rivers Edge: Life on the St. Johns (townhomes), 0 Broadcast Pl.
  • Rivers Edge: Life on the St. Johns, 0 Broadcast Pl.
  • The Den, 604 Hogan St. & 211 Ashley St.
  • The Shipyards Four Seasons, Bay St.
  • The Hardwick at Ford on Bay, Bay St. 

Residential Projects Approved/In Review

  • 225 Laura St. Apartments, 225 Laura St.
  • 525 W. Beaver St. Apartments, 525 W. Beaver St.
  • American Lions (Riverfront Plaza Development Pad), Independent Dr.
  • Berkman II Development, 500 E. Bay St. 
  • Laura Street Trio – New Development, Laura St. & Forsyth St.
  • Porter House – New Development, 510 Julia St.