Development Updates

Current Status: Under Construction

This property was originally constructed in 1909 following the Great Fire of 1901 and is considered one of the most historic properties in downtown Jacksonville for its contribution to the resurgence of the city following the fire, as well as its architecture and continuing structural integrity. This project includes the use of DIA’s Downtown Preservation and Revitalization Program (DPRP) to bring the property back to more historic standards and other improvements needed to preserve and maintain the integrity of the structure for their continuing operating needs. Improvements begin with window replacement and exterior renovations to better seal the historic structure against weather and elements using techniques approved by the Secretary of the Interior that meet established rehabilitation standards. Future phases will focus on other needs related to Code Compliance requirements to make the property more accessible and functional as part of its growth strategy in the Jacksonville market.

Current Status: Approved

Related Group is planning a new 25-story riverfront tower with no less than 390 luxury units, a minimum 4,000 SF restaurant space and a 9-story parking garage. The development will also include a 1,000 SF Ship's Store that will serve the future restored marina. The City will finance the restoration of a 29-slip marina and boat ramp at the site. Investment: $202 million Status: Approved by DIA Board, Incentives Package Approved by City Council

Current Status: Under Construction

Georgia-based Rise Properties LLC is constructing a 247-unit building with first floor retail, rooftop amenities, and a 284-space garage. It 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. While the nearly-completed Rise Doro apartments tragically burned down in January 2024, the project is under construction and on track for a first-phase opening in March 2026. Investment: $67 million Status: Under construction

Current Status: Recently Completed

This six-story, 264 unit apartment complex offering studio, one-, two- and three-bedroom units. The complex consists of two residential buildings, one fronting the St. Johns River and another fronting Prudential Drive. Community amenities include a pool, courtyard, game areas, a social clubroom, billiards lounge, pet-grooming spa, and a health club that will feature yoga and spin studios as well as top-grade fitness equipment.

Current Status: Under Construction

After a seven-month process, a tremendous amount of public engagement and three outstanding designs, the Perkins&Will design team was named winner of the Riverfront Plaza (FKA The Landing) design competition. Phase 1 of Riverfront Plaza is now under construction and includes an elevated destination playground on top of a park pavilion building, a flexible event lawn, as well as bulkhead and riverwalk improvements. The park pavilion building will include a café space, restrooms and storage space to support the park. Phase 1 is slated for late 2025 completion. Phase 2 of Riverfront Plaza will include a beer garden, rain garden, a bike and pedestrian connection to the Main Street Bridge and an iconic sculpture situated atop civic stairs that is undeniably unique and authentic to Jacksonville. Phase 2 is anticipated to start in early 2025 with an anticipated completion time of early-to-mid 2027.

Current Status: Recently Completed

The Riverplace Tower is a 28-floor office building on the south bank of the St. Johns River in Jacksonville, Florida. At the time of its construction, it was the tallest building in the state of Florida and was the defining landmark in Jacksonville's skyline.

Current Status: Under Construction

Preston Hollow Capital LLC has begun work on this healthy-living-inspired mixed-use project on 30-acres along the riverfront. The development is slated to bring 950 residential units, 147 hotel rooms, 200,000 SF of office space, 134,000 SF of retail, and a 125-slip marina. The project will include more than four acres of public park space and active water access. The public space 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. With scenic views of both the river and the Downtown skyline, this unique setting will be a place that empowers residents and visitors to pursue and achieve wellness in their everyday lives. Investment: $693 million Status: Under construction

Current Status: Under Construction

The RiversEdge development will include more than four acres of public park spaces, including a large central riverfront Park featuring an iconic sculpture and a flexible lawn bordered by a walking track and a pavilion. A destination playground designed to provide fitness equipment for adults and children will be featured in another park area and a yoga lawn will be featured in a third.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. These various public spaces will inspire healthy living through art, exercise, gardens and interactrive features. Status: Under Construction Expected Completion: First Phase Opening Spring 2025

Current Status: Under Construction

Preston Hollow Capital LLC has contracted with Toll Brothers for 39 town houses as part of the major Southbank development dubbed RiversEdge: Life on the St. Johns. The townhomes model home opened in January 2025. Learn more about the the RiversEdge townhomes at: https://www.tollbrothers.com/luxury-homes-for-sale/Florida/Toll-Brothers-at-RiversEdge

Current Status: In Review

Shipyards West Park will be a world-class riverfront park inclusive of complimentary amenities that will provide the missing link between Riverfront Plaza and Metropolitan Park. Currently in the design phase by Agency Landscape + Planning, the 10-acre park space is home to the USS Orleck and the future Jacksonville Fire Museum. When complete, the destination space will allow users to explore nature, learn about the city’s history, and honor the city’s heroes while enjoying a meal with friends, fishing, kayaking, or simply taking in the beauty of the St. Johns River.