Developments Continue for Downtown Jacksonville
1/18/2011 9:03:20 AM
Downtown Vision, Inc. (DVI), the Downtown Improvement District (DID), has updated the list of Downtown development projects under construction and proposed and the list of development projects completed since 2000. There are currently eight projects totaling $732 million under construction Downtown, with an additional 19 projects proposed for development at an estimated $527 million. The report includes all development projects within the defined boundaries of Downtown Jacksonville.
The city continues to make significant progress on several Downtown projects including the Duval County Courthouse, the Laura Streetscape Improvements, Friendship Park and Treaty Oak Park. The latter three projects are scheduled for completion this year and the courthouse is slated for completion in 2012.
“Certainly, private development in the core has slowed due to tight credit markets. However, projects like the Laura Street Trio and Hayden Burns Library are potential catalyst projects that will bring additional benefits to the neighboring blocks,” said Terry Lorince, executive director, Downtown Vision. “The proposed plans for these two key locations in the core have the potential to leverage existing Downtown businesses, provide connectivity and increase activity in the surrounding blocks.”
“While there are a few highlights for the core of Downtown, the report illustrates how dispersed and spread out development is in our Downtown,” added Lorince. “Vibrant downtowns have density and that is our focus.”
The PDF reports are posted online for download at www.downtownjacksonville.org.