Tampa-based Southport Financial Services expects to buy the unused parking structure at the edge of Springfield at the end of May for site redevelopment into Parkview Commons.
Southport Financial Senior Vice President Michael Molinari said March 11 that construction of the 122-unit affordable rental community should start by the end of 2021 for completion in a year.
The almost 1.5-acre site is at 901 N. Main St., bordered by Main, State, Ocean and Orange streets, in the Springfield area north of Downtown Jacksonville.
He said Southport will “bring much needed affordable housing to the historically underserved Springfield neighborhood.”
Molinari said the almost $30 million development will have ground-floor parking topped by a four-story building that will have a leasing center, library, gym, community space and more amenities.