Southbank’s Prudential Club receives DIA incentives
By Michele Leivas The Downtown Investment Authority (DIA) has approved an incentive package for The Prudential Club: Garden, Lounge and Liquors, an upscale restaurant and lounge planned for the Southbank. In its capacity as the Community Redevelopment Agency at its Sept. 18 board meeting, the DIA Board approved a $345,314, Core Retail Enhancement Program (REP) […]
DIA to consider ‘optimal use’ of riverfront East Landing site
By Michele Leivas Due diligence could take a year, cost up to $950,000 The Downtown Investment Authority plans to spend up to a year conducting due diligence on the city-owned riverfront East Landing site before considering its future development. DIA Director of Operations Guy Parola informed the board it could cost up to $950,000 and […]
DIA hits pause on riverfront tower plan
By Michele Leivas The Downtown Investment Authority (DIA) has temporarily tapped the breaks on moving forward with any formal negotiations regarding a plan for a new skyscraper on the downtown riverfront. Cross Regions Group wants to build what would be known as Ergisi Tower on the site of a former Jacksonville Landing parking lot. At […]
Laura Street Trio: City files foreclosure lawsuit against developer
By Michele Leivas The Laura Street Trio continues to face an uncertain future, following a foreclosure lawsuit filed by the city against developer and property owner Steve Atkins. Filed Aug. 19, the lawsuit alleges the developer has allowed more than $800,000 in administrative fines for code violations to accrue since October 2015. In a statement, […]
Rising from the ashes
DIA approves $15.45 million incentive package for RISE Doro The Downtown Investment Authority (DIA) has approved a multimillion-dollar incentive package for the RISE Doro project as the developer prepares to rebuild the luxury apartment complex that went up in flames earlier this year. Acting in its capacity as the Northbank Community Redevelopment Agency, the DIA […]
City Council Considers Incentives for “More Ambitious” Development
A $58.79 million incentives package is going before the Jacksonville City Council for Miami-based Related Group’s proposed Southbank development. The 3.02-acre parcel, located at 835 Museum Cir., was the site of former local landmark River City Brewing Company, which was demolished in July 2022 to clear the way for Related’s intended development. Progress on the […]
DIA Still “Willing and Able” to Discuss Negotiations for Laura Street Trio
The door remains open for negotiations between the Downtown Investment Authority (DIA) and the developer for the Laura Street Trio following a pair of DIA board and committee meetings last month. Conversations regarding funding for the massive historic renovation and adaptive reuse of the three buildings have continued between the City of Jacksonville and SouthEast […]
Bay Street Staging Area Tees Up Park Street Road Diet
The Downtown Investment Authority (DIA) Board gave its unanimous approval at a Jan. 17 board meeting to temporarily lease an estimated two-acre parcel of land on Bay Street for JEA to use as a construction easement for one year. The parcel would be used as a staging area for the installation of chilled water lines […]
