This project includes the development of a multi-family property located on the riverfront of Downtown’s Southbank.
In January of 2023, the City of Jacksonville terminated its redevelopment agreement with Related Development because the developer did not meet performance schedule deadlines in the contract and all extensions allowed under the contract had been provided. This terminates the City’s obligations to pay incentives but does not alter the Developer’s previous approvals of construction plans and they could proceed at any time.
Related Development intends to work with the City/DIA on a new design/proposal for the site, which may include a high-rise design. The DIA expects to receive a new proposal this Spring 2023.