After outraged business owners and Riverside residents spoke out against a proposed bill that would alter the process of applying for a mixed-use development in the Jacksonville neighborhood, the City Council member who introduced it is looking to quell concerns with a substitute bill.
It's taken almost two years and several name changes to get to this point, but The District developers Peter Rummell and Michael Munz are close to final site plan approval on their proposed mixed-use project on Jacksonville’s Southbank.
Jacksonville-based EverBank Financial Corp. might soon have a new owner.
The local bank said it is in advanced negotiations during an exclusive period that ends Aug. 8. It would not identify the financial institution it is talking with, but an analyst with Raymond James & Associates told the Business Journal that TD Bank is the most likely suitor.