Downtown Investment Authority board members signaled March 15 they still want for-sale town houses in the historic LaVilla neighborhood west of Downtown.
The board’s Retail Enhancement and Property Disposition Committee voted 4-0 to support a 30-day notice of disposition on the 3.45-acre parcel after The Vestcor Companies Inc. abandoned its plan to build on the site, according to WJCT News partner the Jacksonville Daily Record.
If approved by the full board March 17, the resolution will direct DIA CEO Lori Boyer to negotiate with Johnson Commons LLC, which bid on the site in August 2019.
The DIA board preferred the retail component and LaVilla shotgun-style design cues in Johnson Commons’ bid but it fell short in DIA’s scoring criteria.
Boyer said previously that it was Vestcor’s access to financing and past project performance Downtown that convinced her and project scorers that the multifamily residential developer execute the town house project.
Johnson Commons is a partnership of JWB Real Estate Capital LLC and Corner Lot Development.
Read the rest of this story at JaxDailyRecord.com.
