<h1>DOWNTOWN</h1>
1. Lofts of Monroe
Vertical construction has started on Vestcor Companies and TVC Development’s Lofts of Monroe. The $20-million, 5-story affordable housing project will contain 108 apartment units at the intersection of Monroe and Davis Streets.
For more information: https://www.moderncities.com/article/2017-mar-the-lofts-at-monroe-proposed-for-lavilla
2.Interstate 95 and Interstate 10 Operational Improvements
Construction continues on a $128 million expansion of the Fuller Warren Bridge and I-95/I-10 interchange. The project, which is expected to be completed in summer 2020, will include the addition of a 12-foot shared use path over the St. Johns River, connecting San Marco and Riverside.
Operational improvements and enhancements will be made to the interchange at Interstate 95 and Interstate 10, the Fuller Warren Bridge, and along the east side of U.S.17 north bound between McDuff Avenue and Rosselle Street. Operational improvements include: Interstate 95 (Fuller Warren Bridge) improvements: Widening of the Fuller Warren Bridge expanding northbound and southbound lanes from three lanes to four lanes. Adding a Shared Use Path (SUP) on the Fuller Warren Bridge for pedestrians and bicyclists connecting San Marco and Riverside neighborhoods. Interstate 10 Improvements: Providing a dedicated ramp to Irene and Stockton Street to reduce weaving traffic merging from Interstate 95 southbound to Interstate10 westbound. Widening of overpass from Interstate 95 northbound to Interstate 10 westbound, allowing for future improvements along Interstate 10 westbound.
For more informaton: https://i75northflorida.com/10and95/Pages/Home.aspx
3. CubeSmart
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced today that it has closed an $8.0 million investment in a proposed multi-story climate-controlled 749 unit facility in Jacksonville, Florida. The proposed 68,700 net rentable square foot facility will be a ground-up project located on Edison Ave. and will be visible from both Interstates 10 and 95. The proposed facility, which is approximately a half mile from downtown Jacksonville, will operate less than a mile from Brooklyn Station, a new Fresh Market-anchored retail destination and near several new, upscale apartment communities. Construction is expected to begin in the fourth quarter of 2017 and be completed in the fourth quarter of 2018. Structure Development LLC is the developer of the proposed project, and this is the third self-storage development in which the Company and Structure Development have co-invested.
For more information: https://www.businesswire.com/news/home/20170728005127/en/Jernigan-Capital-Closes-Jacksonville-Self-Storage-Development-Investment
4. Jacksonville Regional Transportation Center - Greyhound Intercity Bus Terminal
Construction on the first phase of the Jacksonville Regional Transportation Center (JRTC) continues at West Forsyth and Stuart Streets. When complete, the footprint of the $8 million Intercity Bus Terminal will resemble recently built Greyhound stations in Nashville, Baltimore and Sacramento. Those 10,000 square foot facilities include multiple bus bays, a full-service restaurant, ticket counter and automated ticket machines.
Plans also call for wider sidewalks in the vicinity to encourage more pedestrian activity. Construction on phase one of the JRTC is expected to last 12 months. A ground breaking for the second phase was held on June 20, 2017. Anticipated for completion in September 2019, that phase will include a terminal for local fixed bus routes, a First Coast Flyer Bus Rapid Transit hub, Skyway station and administrative offices.
5. ACR Systems, Inc.
The ACR Systems, Inc. building at 122 North Jefferson Street. Founded in 1975, ACR Systems is a software developer and systems integrator of open architecture products that provides integrated business solutions to retail and grocery store chains. Originally, this building was constructed for the Fairmont Creamery Company. Fairmont specialized in butter, eggs, cheese, poultry and frozen foods.
6. Coastline Drive
Work continues on the City of Jacksonville’s $31 million project to reconstruct the Coastline Drive Bridge, Liberty Street Brige and remove the courthouse parking lot over the St. Johns River. In addition, a new Northbank Riverwalk will be constructed along Coastline Drive, Market Street, Courthouse Drive and Liberty Street. Currently, Coastline Drive and the riverwalk in front of the Hyatt are being redeveloped.
For more information: https://www.moderncities.com/article/2016-sep-massive-northbank-riverfront-redevelopment-underway
7. Lofts of LaVilla - Phase II
With the recent completion of the Lofts of LaVilla, Jacksonville-based Vestcor is working towards a second phase that would bring 132 one- and two-bedroom apartments to LaVilla. Located just east of Lofts of LaVilla, the $28 million project would include 80 affordable housing and 52 workforce housing units. The cap for affordable housing is $51,000 for a family of four. The cap for workforce housing is $91,000 for a family of four.
For more information: https://www.jaxdailyrecord.com/article/vestcor-wants-to-add-a-second-phase-to-lofts-at-lavilla
8. Laura Apartments
Ron Chamblin, owner of the city’s largest independent bookstore, is in the process of restoring a three story building at 225 North Laura Street. When complete, the 100-year-old building will include six apartments above street level retail.
Full article: https://www.metrojacksonville.com/article/2012-may-downtown-residential-project-underway#.U__RV_ldUYk
9. Elena Flats
Jack Meeks and his wife, JoAnn Tredennick, continue on the extensive renovation of the Elena Flats building at 122 E. Duval St. Plans are to convert the former rooming house into four market-rate apartment units.
10. Broadstone River House Apartments
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Vertical construction continues on the Alliance Residential Company’s Broadstone River House Apartments project on the Southbank. The 265-unit multifamily project will replace a 3.7-acre surface parking lot adjacent to the Duval County School Board building.
For more information: https://www.allresco.com/archives/2088