After slogging through the COVID-19 pandemic, the outlook for downtown Jacksonville could end 2020 on a sweeter note as the mega-development called The District picks up steam in finalizing financing that would enable long-awaited construction to start in 2021.
The proposed development, which has been in the works for years without any ground-breaking, got a second wind in September after Dallas-based Preston Hollow Capital took the lead role in turning a 32-acre vacant tract of land into 950 residences along with a hotel, several hundred thousand square feet of office and retail space, and a marina.
The city granted a year's worth of extensions that pushed the deadline to the end of December for closing on privately financed bonds that will get the first phase of construction under way.
Read the rest of this story from WJCT News partner The Florida Times-Union.
