Projects totaling about $8 billion are in the works for Downtown Jacksonville, a $5 billion increase from a year ago, according to the 2023 State of Downtown Report released Oct. 26 by Downtown Vision Inc.
Downtown Vision is the nonprofit Business Improvement District for Downtown Jacksonville.
The report, created by the DVI, the Downtown Investment Authority and Build Up Downtown, focuses on development from Jan. 1, 2022, to June 30, 2023.
The Downtown area includes the Brooklyn, LaVilla, North Core, City Center, Cathedral Hill, Southbank, Sports and Entertainment and Working Waterfront areas.
“Our annual State of Downtown Report outlines and analyzes all the Downtown data to view our progress all in one place. From expanded waterfront access and tourism amenities to unprecedented residential growth, this report shows many sides to the growth of DTJax,” Jake Gordon, CEO of Downtown Vision Inc., said in a news release.
The report said $723 million in projects have been completed since 2022, $2.42 billion are under construction, $1.57 billion are in review and $3.39 billion are proposed.
Read the full story from the Jacksonville Daily Record.