Page 5 - Elements Development News Today

The incentive for developer Elements LLC increases from $56 million to nearly $98 million.

If approved, the grant for the Southbank project will increase from $56 million to nearly $98 million.

City Council will have the final say whether or not to increase the property tax refund for the Southbank project from $56 million to $97.98 million.

Here are the top 10 commercial real estate sales in Northeast Florida, comprising Baker, Clay, Duval, Nassau and St. Johns counties. The sales were recorded March 27-April 2, 2023.

Owners of the 32-acre mixed-use Southbank project The District said two parcels designated for luxury town houses are under contract for sale. Ramiro Albarran, Preston Hollow Capital LLC managing director of origination and structuring, told the Downtown Development Review Board on May 13 that the company executed a deal for the parcels, which face a marsh on the site’s southeast corner. Albarran said Dallas-based Preston Hollow is under a confidentiality agreement and did not disclose the bu...

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05:10 AM EST Share When it comes to progress in Northeast Florida in the new year, these are the projects that will be driving headlines. Downtown Northbank The COVID-19 pandemic slowed but did not stall retail, hotel and residential development and public infrastructure projects on Jacksonville’s Downtown Northbank.  Downtown Investment Authority CEO Lori Boyer expects work to begin this year adapting several roadways into two-way streets. Staff also plans to ask its board t...

Tue December 29, 2020 - Southeast Edition #5 Florida Times-Union A 2015 rendering by the developer shows how The District on the Southbank would have a marina along with residential and office buildings on 32 acres of land that is vacant now. (Elements Development of Jacksonville rendering) After slogging through the COVID-19 pandemic, the outlook for downtown Jacksonville, Fla., has ended 2020 on a sweeter note as the mega-development called The District picks up steam in completing financin...

Mega-project The District gets back on track in downtown Jacksonville "From a downtown perspective of what that development would mean, its a huge project. Its going to be almost like building a little community within our downtown." Author: Florida Times-Union, David Bauerlein Published: 3:49 PM EST December 22, 2020 Updated: 11:28 PM EST December 22, 2020 JACKSONVILLE, Fla. — After slogging through the COVID-19 pandemic, the outlook for downto...

02:16 PM EST Share Preston Hollow Capital plans to start infrastructure work in early 2021 for the estimated $600 million mixed-use development.   Preston Hollow Capital LLC’s will meet its deadline from the Downtown Investment Authority to secure bond financing to fund site infrastructure for its $600 million project The District on Jacksonville’s Downtown Southbank. Preston Hollow Managing Director Ramiro Albarran The DIA announced Dec. 22 that The District Community Dev...