Name/Title
State of downtown report, Jacksonville, Florida.Entry/Object ID
Library.2207Tags
Library items added during March 2023Description
59 pages : illustrations; 28 cm
State of downtown report, Jacksonville, Florida.
Downloaded from Coj.Net Spiral binding.
State of Downtown Report 2022: I have said from the very beginning, you cannot be a suburb of nowhere. Since taking office, I have been committed to changing our Downtown skyline and seeing Downtown Jacksonville meet its potential. ...Letter from Mayor Curry.
Each year, Downtown Vision tracks and analyzes Downtown’s performance in key indicators of urban revitalization, such as development and investment, residential demand, office market and employment base, transportation enhancements and tourism health. The 2022 State of Downtown Report tracks data from January 1, 2021 to June 30, 2022.
Highlights include: Downtown has a clear path to 10,000 multifamily residential units, which will attract more businesses, retail and amenities.
Demand for Downtown living is high with occupancy rates at 98%. -- The number of residents has nearly doubled in the past five years and is set to double again. The projected growth means Downtown’s 7,500 residents will grow to more than 16,000 people calling Downtown home..
Residents cite entertainment and events, culture, restaurants, city living/atmosphere and walkability as top reasons they enjoy living Downtown.
Approximately $5 billion in development projects are in the pipeline, and the Downtown Investment Authority released a newly updated Business Investment and Development (BID) Plan to serve as a blueprint for smart Downtown development as interest swells. -- $1.5 billion in projects are under construction, nearly 2,000 percent more than 10 years ago. -- $2.5 billion in projects are in review with the City of Jacksonville, nearly double the value at this time last year. -- The Downtown Investment Authority has refined numerous incentive programs to attract diverse retail, commercial tenants, affordable and market-rate multi-family housing, and hotels. -- More than 100 acres of riverfront are being transformed to add vibrant living and retail options, create unique public spaces and make waterfront and boating access more plentiful. -- More than 2,200 riverfront residential units are under construction or in review at One Riverside Avenue, RiversEdge: Life on the St. Johns, American Lions High Rise, The Hardwick at Ford on Bay, RD River City Brewery and The Shipyards (Four Seasons) – all with restaurant or retail components. -- The City of Jacksonville and partners are focused on creating world-class public space and amenities to celebrate Jacksonville’s history and identity, including St. Johns River Park and Friendship Fountain Activity Node, Musical Heritage Garden on the Jacksonville Performing Arts Center lawn, Riverfront Plaza–the former site of the Jacksonville Landing, as well as a cultural hub at Shipyards West Park. -- Developers are revitalizing numerous historic properties and breathing life back into the NorthCore. --
Long abandoned properties such as the Ambassador Hotel, Federal Reserve Bank, Florida Baptist Convention and Independent Life Insurance Building are all currently under construction. Upon completion, this adaptive reuse will deliver a 100-room boutique hotel, 164 residential units and 43,000 square feet of retail space to the small district north of City Center. -- Three additional and significant properties: the Central National Bank, The Den and Jones Bros. Furniture Building are in review with the City. -- As visitors return to the culture and entertainment heart of the region, Downtown is set to become even more vibrant. The number of Downtown visits has nearly returned to pre-pandemic levels. The first two quarters of 2022 had 80% of the visitor traffic as compared to the same time period prior to COVID-19. Two-hundred hotel rooms are currently under construction with another 463 rooms in review with the City. The City is constructing Lift Ev’ry Voice and Sing Park to celebrate the contributions of brothers James Weldon Johnson and J Rosamond Johnson in the creation of the country’s “Black National Anthem.” MOSH is gearing up to construct a new, modern 130,000 square-foot museum situated next to the Jacksonville Fire Museum and USS Orleck. Together, these attractions will create a new museum district within the Sports and Entertainment District. Though Downtown makes up less than 1% of Jacksonville by area, 30% of Jacksonville’s office market inventory is located Downtown. -- New FIS and JEA headquarters are near completion and will add 539,000 square feet of office inventory and more than 350,000 additional square feet of office space is in review with the City. -- Despite larger than normal swings in occupancy, average lease rates remain at a 10-year high.Collection
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Jacksonville Downtown Development Authority., Jacksonville (Fla.).Publication Details
Author
Downtown Investment Authority (DIA)Edition
spiral boundPublisher
Downtown Investment Authority (Jacksonville, Fla.)Place Published
* Untyped Place Published
Jacksonville, Fla.Call No.
HT 168 .J3 D69 2022