Project planners with The District, a proposed $600 million mixed-use development on the Downtown Southbank, are closer to groundbreaking by starting the permitting phase.
Developer Michael Munz filed a performance schedule Friday with the Downtown Investment Authority, according to WJCT News partner the Jacksonville Daily Record.
Bill Schilling, vice president at Kimley-Horn & Associates Inc., said Thursday that The District will begin construction by April 13.
According to Schilling, public amenities supported by The District’s Community Redevelopment Agency, such as the project’s 3.5-acre riverfront park and multiuse trail, must be complete within three years of the construction start date.
Infrastructure improvements, like water and sewer utilities, roads and streetscape, will be complete by 2024.
A construction timeline provided by The Distinct co-developer Michael Munz anticipates the CDD issuing $31.3 million in bonds by Jan. 13 to pay for the work. He said the CDD should obtain construction permits from the city and hire a general contractor by March 12.
And expanded version with additional details about the Southbank development project are at JaxDailyRecord.com.