Development Updates

Federal Reserve Building Adaptive Reuse

Current Status: Recently Completed
The Federal Reserve Building was constructed in 1923, and is a National Historic Landmark Building. JWB Real Estate Capital has restored the building’s historic facade and the interior to house 7,400 SF of ground level retail and 9,000 SF of high-end event space. Members-only social club The June will open in the Federal Reserve Building in Fall 2025. This historic redevelopment project is a recipient of the DIA's Downtown Preservation and Revitalization Program (DPRP). Learn more about the program here: http://dia.coj.net/DPRP. Investment: $9.6 million Status: Completed

Flamingo Wine and Coffee Bar

Current Status: Under Construction
Flamingo Wine and Coffee Bar is expanding to the Southbank of Downtown. Located in the newly renamed Hanania Building, this location will be open from 7am to 10pm during the week and until midnight on Fridays and Saturdays. Much like the original in Murray Hill, this location will have a light food menu, full coffee bar, and offer beer and wine. The Downtown Investment Authority board approved a $53,430 Retail Enhancement Program grant in August 2024. The grant is structured as a three-year forgivable loan payable upon substantial completion of the build-out.

Forest Street/Alfred duPont Place Improvements

Current Status: Recently Completed
This project included the realignment of the Alfred dupont Place, Forest Street, and Riverside Ave intersection. Aligning the roadway and sidewalks now provides a direct route to Gefen Park and the Northbank Riverwalk. This project also supported the construction of the new FIS headquarters.

Furchgott’s Building Adaptive Reuse

Current Status: Approved
This project by Lotus Commercial USA will be an adaptive reuse of a historic building. The mixed-use development will include 40 one- and two-bedroom apartments as well as fitness facilities, ground-floor amenities and 3,900 SF of retail space. Investment: $18 million Status: In review

Greyhound Bus Station

Current Status: Recently Completed

Hans Tanzler Marina

Current Status: Approved
The Hans Tanzler Marina, formerly known as the Liberty Street Marina, will be a significant addition to Downtown's waterfront. Located at 330 E. Bay St., the public marina is designed to accomodate approximately 50 boats of varying sizes with designated water taxi landing, fuel dock, pump-out station, and marina office with restrooms/showers. In 2023, the Jacksonville City Council officially named the marina in honor of Hans G. Tanzler, Jr., the City's 39th Mayor.

HiReformance Institute Downtown

Current Status: Under Construction
With two existing Jax studios, this Downtown HiReformance location will be the locally owned company's biggest, with 14 XFormers (modern pilates fitness machines) designed to deliver a full-body work that is high intensity yet low impact. The studio will lease 1,700 square feet on the ground floor of the Greenleaf Tower near Oak Steakhouse, which is scheduled to open in 2026.

Home2Suites by Hilton

Current Status: Recently Completed
Home2 Suites by Hilton Jacksonville Downtown opened in the Brooklyn neighborhood in April of 2024. The six-story, 100-room extended-stay hotel offers studio and one-bedroom suites. The hotel is pet-friendly and offers complimentary daily breakfast, free Wi-Fi and multifunctional community space and amenities including a 24-hour fitness center, a self-service laundry room and a Home2 MKT for grab-and-go items. The property has an outdoor patio, fire pit and 650 square feet of private meeting space. Players Grille leased the ground-floor restaurant space and opened in March of 2025.

Iguana Investments Office Tower: One Shipyards Place

Current Status: Under Construction
In October 2021, the Jacksonville City Council approved plans for a 176-room Four Seasons hotel with 25 private residences, a 137,000-square-foot Class A office tower, and City-owned marina. One Shipyards Place is a six-story office building under construction by Iguana Investments across Gator Bowl Boulevard from EverBank Stadium. Office space is available and currently leasing on the building's fifth and sixth floors. Total Project Investment $387.6 Million Expected Completion: April 2026

Iguana Investments: Four Seasons Hotel & Private Residences

Current Status: Under Construction
In October 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 other 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: February 2027