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Case Study
ALV maximized entitlements and economic incentives with St. Johns Center, receiving approval for the first mixed-use high-rise development on the Southbank of Jacksonville.
Challenge
The site had already been subject to many development proposals, but all were ultimately abandoned due to underlying environmental issues and a challenging configuration.
Solution
ALV stepped in and proposed using the site for the first residential high-rise development on the Southbank. Through a combination of negotiation, entitlements, and city incentives we received approval to build 700+ mixed-use residential units and 150K sq. ft of office space. Environmental issues were resolved through extensive negotiations and cooperation of government agencies.
Results
ALV negotiated $19.5M in economic incentives and effectively resolved environmental issues. Through these efforts we were able to increase the supply of downtown residences, transform Jacksonville’s skyline and revitalize the downtown district.
