The Roaring '20s: Downtown Jacksonville Development Update

Chris Owen • 3/4/2020
Things are looking up for Downtown Jacksonville. Besides the dozen residential projects proposed downtown that will add thousands of more residents, new retail space, including a new Publix grocery store, and the introduction of several unique dining options, will bring a new energy and vitality to the urban core.

Multiple projects along the river will energize and engage the community with new uses and public spaces. The functional obsolete Landing was recently demolished and the city is entertaining various ideas for one of Jacksonville’s prime development spots. Interstate 95 and the Fuller Warren bridge are undergoing a massive expansion with construction of a new bike and pedestrian lane to link trails along both the Northbank and Southbank.

To the east, the Sports District anchored by TIAA Field and the NFL Jacksonville Jaguars, is undergoing massive changes. The elevated ramp to the Hart Bridge is being torn down which will then allow development of the proposed $2.5 billion redevelopment of parking Lot J near the stadium. Plans for the development include a 300-unit residential tower, 200-room boutique hotel, 120,000-square-foot Class A office tower and a Live! Entertainment District.

Connecting the Sports District with the downtown core will be the Bay Street Innovation Corridor (BayJax), a three-mile business, residential and entertainment segment of Bay Street in the heart of downtown. BayJax will serve as a test bed for selected North Florida Smart Region strategies and technologies including autonomous vehicles.

See the map below for details on these exciting projects and more:

Jacksonville CBD map

Related Insights

office building
Article • Valuation

Continued Mayhem Visited Upon LIHTC and CRA

Banks meeting their Community Reinvestment Act (CRA) requirement through Low-Income Housing Tax Credit (LIHTC) investments have had their fill of challenges over the past few years.
David Risdon • 3/18/2020
clt_industrial
Article • Industrial

CHARLOTTE - Industrial Market Outlook

2019 was a memorable year for Charlotte’s commercial real estate industry
William Propst • 3/6/2020
ringer_award
Article • Office

CHARLOTTE - Ringer Award

Keith Bell and John Christenbury Win Inaugural “The Ringer” Award from Northwood
Savannah Durban • 3/4/2020

Would You Like To Learn More?

Our professionals are ready to provide further details on this and many other topics.