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PHOTOS: The Hardwick, planned Downtown on the former courthouse site

The Downtown Investment Authority has released terms of a proposed $41.16 million incentives deal with Atlanta-based Carter to build The Hardwick, a minimum 18-story mixed-use residential tower on the Bay Street riverfront.

Carter proposes a $150 million, 332-unit multifamily building with 25,000 square feet of retail and restaurant space in exchange for a property tax break, cash completion grant and a discounted price on the city-owned property branded The Ford on Bay.

Details of the deal are included with a DIA Retail Enhancement and Property Disposition Committee draft resolution and term sheet.

Read the rest of this story at WJCT News partner the Jacksonville Daily Record.