After seven years of planning and delays, dirt is moving at The District site on the Downtown Southbank.
Developer Preston Hollow Capital LLC plans a May 25 groundbreaking that could include a project name change.
“In mid-to-late May, a lot of activity is going to start being evident on the site and we’ll be coming out May 25 with an update on all fronts as it relates to the property (and) the timing,” said Ramiro Albarran, Preston Hollow managing director of origination and structuring.
“There may be a name change but I’m not ready to release that yet.”
In an April 23 interview, Albarran said the Dallas-based real estate capital firm will not be a vertical developer on the project and will market the individual property parcels at the 32-acre site to other developers.
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09:40 PM EST Share Jacksonville Jaguars President Mark Lamping, MOSH representatives and DIA CEO Lori Boyer gave presentations on their plans for public and private waterfront projects.
Jacksonville public officials held a public workshop Feb. 23 with Downtown stakeholders to respond to public criticism that there’s a lack of planning for the St. Johns riverfront.
In a presentation at the Jacksonville Main Library, Downtown Investment Authority CEO Lori Boyer used the agency’s Downtown Jacksonville Conceptual 2025 Redevelopment Master Plan to show how she sees proposed riverfront private and public space development being planned to complement each other.
“In recent months we have repeatedly heard from members of the public and in the media that there is no master plan for Downtown and we are simply looking at projects piecemeal,” Boyer said. “In fact there is.”