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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.
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.