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Real Estate News
Apr 22, 2025
The Interline Building Deal: A Test of Transparency, Fiscal Responsibility, and Political Integrity in Jacksonville
Jacksonville’s plan to acquire the Interline building for the University of Florida’s downtown campus has become a high-stakes debate over fiscal responsibility, public transparency, and the influence of private developers.
Apr 8, 2025
City Council Members Tough Questions on the Juliette Balcony Deal Show Fiscal Responsibility and Equity Concerns
As Jacksonville’s downtown revitalization efforts accelerate, recent scrutiny from City Council members Boylan and Carlucci over the Juliette Balcony project signals a welcome return to fiscal responsibility and community-centered planning.
Mar 21, 2025
AGAIN, City of Jacksonville Resumes Foreclosure Lawsuit Against Laura Street Trio
The stalled redevelopment of the Laura Street Trio highlights years of developer noncompliance, mounting public costs, and growing concerns over safety and accountability in Jacksonville’s approach to downtown revitalization.
Mar 6, 2025
Is Gateway Jax Overleveraged in Downtown Jacksonville’s Redevelopment?
Gateway Jax has positioned itself as a transformative force in Downtown Jacksonville’s redevelopment, yet its rapid expansion and financial maneuvers raise concerns about overleveraging and long-term sustainability.
Feb 20, 2025
Salem's $4M Interline Offer Casts Shade on Mayors Deal with Gateway Jax
A $4 million purchase proposed by Jacksonville Councilman Salem for the Interline building, instead of a land swap for the UF grad center, casts shade on Mayor Deegan and DIA CEO Boyers' private negotiation with Gateway Jax, where they would have gained the remaining city-owned riverfront property worth twice as much.
Feb 17, 2025
Jones Bros Redevelopment A Hope for Change
The redevelopment of the historic Jones Bros. Furniture Co. building in Downtown Jacksonville represents both a significant opportunity for urban renewal and a test of the city's commitment to revitalizing its core amid skepticism about timely progress.
Sep 15, 2024
Thompson Thrift Moves in St. Johns County Housing Market
Indiana-based real estate developer Thompson Thrift is expanding its presence in St. Johns County with two new residential projects: the 312-unit Thompson Thrift at Ponte Vedra near Nocatee and the 324-unit luxury Terrassa apartments at the St. Augustine Outlets.
Jul 15, 2024
Dream Finders Homes Plans Prominence Office Park Conversion to Homes
Dream Finders Homes, Jacksonville's top-ranked homebuilder, recently acquired the 68-acre Prominence Office Park for $22 million, with plans to transform the half-occupied office complex into a mixed-use development potentially featuring 1,480 residential units, signaling a major revitalization for the Baymeadows area.
Feb 6, 2025
Gateway Jax, DLP, and Deegan The Players Behind Jacksonville's UF Campus Land Swap
Mayor Deegan and the Downtown Investment Authority are advancing a land swap for the former Interline Brands building to pave the way for a University of Florida campus in downtown Jacksonville. Besides the lack of transparency associated with the genesis of the deal and the benefits of the UF campus initiative, the overall project should face scrutiny, especially as taxpayers may be saddled with the cost of relocating the convention center and jail.
Jan 26, 2025
Blighted Buildings in Downtown Jacksonville with Foreclosure Complication
Three once-elegant downtown buildings, now dilapidated eyesores flanking the new Gateway Jax construction, are trapped in a web of foreclosure debts and a maze of LLC ownership structure hindering their timely redevelopment.
Jan 5, 2025
Wanted More Specific Info on University of Florida's Jacksonville Campus Location
Following the disclosure of the initial 4-acre site for the UF campus, we requested details on the remaining 18 acres, including their location within Prime Osborn, the development timeline, and plans for alternative large-scale event venues.
Dec 23, 2024
The Northeast Florida Housing Market: More Homes, Less Hope?
The Northeast Florida housing market presents a perplexing situation: rising inventory levels yet persistent price growth, making homeownership increasingly challenging, particularly for families looking to buy their first home.
Dec 21, 2024
Workforce Housing Crisis in Florida Lessons from Miami-Dade County
Florida's big cities are facing a shortage of affordable housing for essential workers due to rising housing costs. Miami-Dade County addresses this issue by incentivizing developers to create affordable workforce housing.
Dec 20, 2024
Jacksonville Funds $2.5M for Short-Term Rentals Amidst Affordable Housing Concerns
Jacksonville's $2.56 million incentive for the Juliette Balcony redevelopment, prioritizing a restaurant and short-term rentals, raises concerns that the city is neglecting critical needs like affordable housing and homelessness in its downtown revitalization efforts.
Dec 17, 2024
Avant's Jacksonville Historic Preservation & DIA Incentives
Jacksonville is revitalizing its downtown by incentivizing historic preservation projects like the Juliette Balcony redevelopment. This initiative, combining public investment with experienced developers, aims to boost the urban core and preserve the city's history.
Dec 14, 2024
University of Florida's New Graduate Campus in Downtown Jacksonville
The University of Florida is expanding its reach to Downtown Jacksonville with a new graduate campus. This exciting development will bring advanced degree programs and cutting-edge research to the city, driving innovation and economic growth.
Dec 8, 2024
Proposed Taxpayer Subsidies for Downtown Jacksonville Grocery
Gateway Jax is currently seeking taxpayer subsidies to redevelop the First Baptist Auditorium in Downtown Jacksonville into the NoCo Center, a mixed-use development including a 16-story apartment building with retail space including a grocery store.
Dec 5, 2024
Neighborhood Opposition Sinking Trevato Pondry Project
Trevato Development Group's recent struggles with the rezoning of The Pondry project in Jacksonville highlight the complexities of real estate development. The project faced strong opposition from local residents, which underscores the importance of community engagement and understanding local concerns in the development process.
Nov 30, 2024
Incentivize Workforce Housing
Jacksonville's pursuit of economic growth through incentives like REV grants and CITCs clashes with the city's housing affordability crisis. The conversion of vacant office buildings into residential units, while potentially revitalizing urban areas, risks exacerbating the problem at unaffordable rates.
Nov 19, 2024
JWB Real Estate Impacts on Jacksonville
JWB Real Estate Capital LLC is a major player in Jacksonville's real estate market, known for its historic preservation and redevelopment projects. Their impact on the city's skyline is undeniable, as seen in projects like the Porter House Mansion and future Pearl District.
Nov 7, 2024
Navigating the Future of Real Estate
The 2025 Emerging Trends in Real Estate report identifies key trends, including data center growth and evolving office spaces. Investors should diversify, leverage technology, and maintain a long-term perspective to navigate the changing real estate landscape.
Nov 6, 2024
St. Johns County Rejects Agrihood Proposal
The St. Johns County Commission has denied a rezoning request for a large-scale agrihood development, reflecting growing NIMBY sentiment in the area. Local residents are increasingly concerned about the pace of development and its potential impact on the county's character.
Nov 4, 2024
Commercial Real Estate Foreclosures Surge
Commercial real estate foreclosures are surging nationwide, with a 48% year-over-year increase in September, particularly in states like California, New York, and Florida. This trend is driven by rising interest rates, post-pandemic shifts in office space demand, and economic pressures on property owners.
Nov 3, 2024
Phoenix District's Emerald Station Ribbon Cut
The Phoenix Arts & Innovation District in Jacksonville has opened Emerald Station, a repurposed warehouse offering creative offices, conference rooms, and an event space. This milestone marks progress in the district's vision to revitalize the area with a mix of commercial, residential, and artistic spaces.
Nov 1, 2024
Jacksonville's Luxury Real Estate Market
Jacksonville's luxury real estate market is booming, attracting affluent buyers with its affordability, expansive properties, and stunning waterfront views. The city's strong economy, favorable tax laws, and diverse lifestyle options, coupled with national trends in the luxury market, contribute to its appeal.
Oct 31, 2024
St Johns County Agrihood Proposal Update
The proposed St. Johns County agrihood faces significant opposition after the Planning and Zoning Agency recommended denial. The project, which includes up to 3,332 homes, is scheduled for a final decision by the Board of County Commissioners on November 5th.
Oct 29, 2024
Gateway Jax Breaks Ground In Downtown Jacksonville
Downtown Jacksonville is poised for a major transformation with the groundbreaking of the Gateway Jax project. This $2 billion development will bring new residential, commercial, and retail space to the city's core, creating a vibrant, mixed-use neighborhood and boosting the local economy.
Oct 28, 2024
The Military Impact on Florida a County by County Analysis
The Department of Defense (DOD) significantly impacts Florida's economy and strategic importance. The state's strategic location and diverse military installations, such as Naval Station Mayport and Eglin Air Force Base, contribute to local economies and national security. To maintain this vital presence, it's crucial to support these communities with adequate housing and services for military personnel and their families.
Oct 26, 2024
A Deeper Dive into the Q3 2024 Miami Real Estate Market
The Q3 2024 Miami Real Estate Report highlights a dynamic market with strong demand, particularly for newer condominiums and single-family homes. While older condos face challenges due to mandatory structural assessments, the overall outlook for the Miami market remains positive, driven by population growth and economic factors.
Oct 24, 2024
Trevato Faces Opposition for The Pondry Project
The Pondry, a mixed-use development proposed by Trevato Development Group, has faced significant opposition from neighboring residents. Despite modifications to the project, concerns remain about increased traffic, noise pollution, and property values.
Oct 15, 2024
Is the Coastal Florida Housing Boom Busting?
Florida's housing market is experiencing a significant divergence between coastal and inland regions. While some coastal cities have seen rent prices plummet due to overbuilding and economic factors, inland areas have continued to see growth and development.
Oct 14, 2024
Water Lily St Johns County Master Planned Community Proposal
Water Lily, a proposed mixed-use development in St. Johns County, Florida, aims to create a sustainable and walkable community. The project prioritizes environmental stewardship, outdoor living, and a diverse range of housing and commercial options.
Oct 14, 2024
Sustainable Living Agrihood Proposed for St. Johns County
The agrihood concept, which integrates agriculture into residential neighborhoods, has gained popularity in recent years. Florida has seen a surge in agrihood development, with the latest proposal for St. Johns County offering sustainable living, community engagement, and access to fresh, locally produced food.
Oct 1, 2024
Aventuur Brings the Perfect Wave to Jacksonville
Jacksonville's surfing scene is about to get a major upgrade. Aventuur, a global leader in surf park development, has chosen the Sunshine State's largest city as the location for its newest project. Powered by the innovative Wavegarden Cove technology, the Jacksonville Surf Park promises to deliver world-class waves, regardless of the weather.
Sep 24, 2024
A Detour to the Past: Jacksonville's Train Station Revival
The City of Jacksonville is considering a historic shift: converting the Prime Osborn Convention Center back into a train station. This ambitious plan comes amidst discussions about building a new convention center to replace the historic landmark. The project's feasibility depends on various factors that we discuss.
Sep 17, 2024
Agrihood Development Proposed for St. Johns County
A groundbreaking new residential community is proposed south of the St. Augustine Premium Outlets in St. Johns County. The Agrihood, developed by Freehold Communities, aims to redefine suburban living by integrating residential units with agricultural practices.
Sep 16, 2024
Laura Street Trio Lawsuit Dropped
The Laura Street Trio redevelopment project in Jacksonville is gaining momentum as the city drops a foreclosure lawsuit and a new partner joins the team. The proposed mixed-use development aims to revitalize downtown Jacksonville and preserve the city's architectural heritage.
Sep 9, 2024
Dun and Bradstreet Jacksonville Headquarters
Dun & Bradstreet's relocation to Jacksonville in 2021 was a significant win for the city. The company's decision was influenced by Jacksonville's strategic incentives and pro-business environment. D&B has thrived in Jacksonville, exceeding its initial goals and contributing to the city's economic growth.
Sep 3, 2024
Presidium Killashee Luxury Apartments
Presidium and Killashee Investments have been instrumental in transforming Jacksonville's residential scene with their high-quality apartment developments. Their projects, like Presidium Regal and Presidium Park, offer a range of amenities and a focus on resident experience, setting a new standard for luxury living in the city.
Aug 29, 2024
Laura Street Trio Development
The Laura Street Trio, a cluster of historic buildings in downtown Jacksonville, has been the subject of numerous redevelopment attempts over the years. Despite facing challenges and setbacks, the Trio remains a significant part of Jacksonville's architectural heritage. The future of these historic buildings remains uncertain, but there is hope for their restoration and revitalization.
Aug 21, 2024
Moody Bellinger Shipyards Redevelopment
The Moody Bellinger Shipyards, a once-bustling industrial hub, are undergoing a redevelopment to create a vibrant mixed-use community. This transformation will include residential units, commercial space, and a marina. The project is expected to contribute to Jacksonville's economic growth and enhance its waterfront appeal.
Aug 21, 2024
Thompson Thrift St. Johns County Construction
Thompson Thrift, a national real estate developer, is expanding its presence in St. Johns County. They are currently developing two projects: Thompson Thrift at Ponte Vedra and Terrassa. These projects offer a variety of housing options and amenities, contributing to the thriving St. Johns County housing market.
Aug 19, 2024
RISE Developments In Northeast Florida
RISE, a subsidiary of the Thielsch Group, is committed to sustainability through energy efficiency services and real estate development. With a focus on creating sustainable communities and providing diverse housing options, RISE is making a positive impact on Northeast Florida.
Aug 18, 2024
Phoenix Arts and Innovation District Vision
The Phoenix Arts and Innovation District is a groundbreaking development led by Tony Cho, aiming to revitalize Jacksonville's North Springfield neighborhood. Cho's commitment to community engagement and sustainable development is integral to the project's success. The district is poised to become a thriving hub of creativity, innovation, and economic opportunity.
Aug 11, 2024
Vestcor Affordable Housing in Jacksonville
Vestcor, a leading developer in Jacksonville, is spearheading a wave of new multifamily developments specifically designed to address the city's growing need for accessible housing. With a focus on quality, affordability, and community partnerships, Vestcor is making a significant impact on Jacksonville's housing landscape.
Aug 9, 2024
Trouble In Pet Paradise
Pet Paradise, a Jacksonville-based pet care company, has experienced significant growth but is currently facing internal conflicts between majority and minority shareholders. The company's future direction remains uncertain, with minority shareholders seeking clarity and a path forward that protects their investment.
Aug 8, 2024
Dream Finders Prominence Park
Dream Finders Homes has acquired Prominence Office Park in Jacksonville and plans to convert it into a mixed-use development. The company's investment signifies a major step forward for the neighborhood, with the potential to create a dynamic community that blends living, working, and leisure.
Aug 7, 2024
Trevato Development Group Projects
Trevato Development Group is a key player in Jacksonville's urban transformation, specializing in mixed-use developments. Their recent project, The Pondry, is a $20 million redevelopment of the former Allstate campus. Trevato is also involved in other projects like Block Nine and Adventure Landing Redevelopment, contributing to the revitalization of various areas in Jacksonville.
Aug 6, 2024
Gateway Jax Pearl Street District
Gateway Jax is embarking on a $500 million mixed-use development to revitalize Downtown Jacksonville. The project includes residential, commercial, and retail components and is expected to generate significant economic activity and enhance the overall quality of life for downtown residents and visitors.
