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Downtown apartment tower could get $36 million in incentives

Riverfront Plaza.jpg
Jacksonville Daily Record
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New York-based American Lions LLC is proposing a high-rise next to the future Riverfront Plaza park.

A skyline-defining, 44-story apartment tower on the former site of the Jacksonville Landing has moved through a round of negotiations on a multi-million incentive package hammered out by the Downtown Investment Authority staff.

American Lions, based in New York, proposes to build the tower with about 300 apartments on a one-acre portion of Riverfront Plaza.

The developer and the Downtown Investment Authority negotiated terms that would deliver nearly $36 million worth of incentives to make the tower financially feasible, according to a DIA staff summary of the deal.

Read the rest of this story at WJCT News partner The Florida Times-Union.