Mega-project The District gets back on track in downtown Jacksonville From a downtown perspective of what that development would mean, it s a huge project. It s going to be almost like building a little community within our downtown. Author: Florida Times-Union, David Bauerlein Published: 3:49 PM EST December 22, 2020 Updated: 11:28 PM EST December 22, 2020
JACKSONVILLE, Fla. After slogging through the COVID-19 pandemic, the outlook for downtown Jacksonville could end 2020 on a sweeter note as the mega-development called The District picks up steam in finalizing financing that would enable long-awaited construction to start in 2021.
The proposed development, which has been in the works for years without any ground-breaking, got a second wind in September after Dallas-based Preston Hollow Capital took the lead role in turning a 32-acre vacant tract of land into 950 residences along with a hotel, several hundred thousan
After slogging through the COVID-19 pandemic, the outlook for downtown Jacksonville could end 2020 on a sweeter note as the mega-development called The District picks up steam in finalizing financing that would enable long-awaited construction to start in 2021.
The proposed development, which has been in the works for years without any ground-breaking, got a second wind in September after Dallas-based Preston Hollow Capital took the lead role in turning a 32-acre vacant tract of land into 950 residences along with a hotel, several hundred thousand square feet of office and retail space, and a marina.
The city granted a year s worth of extensions that pushed the deadline to the end of December for closing on privately financed bonds that will get the first phase of construction under way.