5 Cool New Places to Live Downtown

4. Lofts at LaVilla


 
The Lofts at LaVilla is a proposed residential community that is to be developed by Vestcor Incorporated. Vestcor has recently received a $270,000 loan from the Downtown Economic Development Fund, as well as another $270,000 from the Jacksonville Housing Finance Authority, to help with costs of the project.
 
Once completed, the Lofts at LaVilla will be a 120-unit housing development, valued at approximately $22 million. Vestcor hopes to build apartments that are affordable for families that, in particular, make less than 80% of the state median income. If developed, the Lofts at LaVilla will be situated at Lee and Water streets near the Jacksonville Branch of the Federal Reserve Bank of Atlanta.