Page 9 - Elements Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 buyer. The District project engineer, Bill Schilling of Kimley-Horn and Associates Inc., said the parc...