Business Brief: Former Downtown Courthouse, City Hall Sites Branded 'The Ford On Bay'
Proposed terms for developing the former Duval County Courthouse and City Hall properties released Thursday by the Downtown Investment Authority give detailed requirements on the amount of retail space expected at the site.
WJCT News partner the Jacksonville Daily Record reports the DIA board will consider a resolution Wednesday to approve the scope of a request for proposals to develop the vacant 8.38-acre green space at 220, 330 E. Bay St. and adjacent land submerged under the St. Johns River — now collectively named The Ford on Bay.
The firm CBRE Jacksonville created the name The Ford on Bay for its marketing material, stating “it is the site of former river crossings where Native Americans and travelers would cross.”
The terms state that bids to develop one, a combination of two or all three of The Ford on Bay parcels will be accepted. However, the DIA will not accept a proposal to develop only the submerged parcel.
If approved by the DIA board, the authority will issue the request for proposals Oct. 21 and award the project by Feb. 20, 2020.
DIA officials say the development will be mixed-use and could include office, open space and hotel.
An expanded version of this story that includes a look at the proposed bid timeline and some marketing materials is at JaxDailyRecord.com.