A Jacksonville nonprofit and a developer have purchased a pair of troubled apartment complexes on the city’s eastside, paving the way for renovations and property improvements. Nonprofit LIFT JAX and real estate company Joined Development announced on Tuesday that they official purchased Eastside Terrace and Eastside Gardens for $6.2 million. The agreement was years in the making. They expect to begin renovations within 60 days.
In the News4JAX I-TEAM’s ongoing investigation into failing apartment complexes in Jacksonville, the spotlight has shifted to the Eastside Terrace and Eastside Gardens properties, where government subsidies help many pay their rent. The two sister properties, just a mile north of the sports complex, have been under scrutiny for years due to substandard conditions.
A Jacksonville nonprofit and a developer plan to buy and renovate two troubled apartment complexes on the Eastside the I-TEAM first exposed back in 2021 for unsanitary and unsafe conditions. It’s a deal that’s years in the making.
Rubio and Scott: New ownership needed for two HUD-supported complexes jacksonville.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jacksonville.com Daily Mail and Mail on Sunday newspapers.
Curry, Rubio, Scott call for new ownership at deteriorating Eastside apartment complexes news4jax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news4jax.com Daily Mail and Mail on Sunday newspapers.