Author Topic: Artea at Southbank proposed  (Read 5284 times)

Ken_FSU

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Re: Artea at Southbank proposed
« Reply #15 on: October 15, 2021, 09:30:53 PM »
Apparently JTA prohibited any retail and restaurant use from this development?

Any idea why?

thelakelander

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Re: Artea at Southbank proposed
« Reply #16 on: October 15, 2021, 10:06:54 PM »
Who knows?! JTA does a lot of things in regards to transit that most of us will never understand. With that said, is retail required in developments in this area of the Southbank? I don't believe Broadstone has any either and if anything materializes at the District, it will be directly across the street.
« Last Edit: October 15, 2021, 10:08:30 PM by thelakelander »
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

CityLife

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Re: Artea at Southbank proposed
« Reply #17 on: October 16, 2021, 09:44:01 AM »
Prohibiting retail and dining there is a good move, imo. The market doesn’t need to be oversaturated with those types of uses in scattered areas. Let them cluster together on the riverfront, in the District, Hendricks, and San Marco Square.

That’s about the only positive thing I can say about JTA and DIA’s involvement in the project.

Ken_FSU

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Re: Artea at Southbank proposed
« Reply #18 on: February 24, 2022, 04:49:04 PM »
Curious, with the apartment market as hot as it is right now, do you guys think we still need to be handing out millions in 15-20 year REV grants for new construction like this?

$6.3 million grant approved unanimously for this one.

https://www.jaxdailyrecord.com/article/downtown-investment-authority-approves-dollar6-3-million-tax-incentive-for-artea-apartments

MusicMan

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Re: Artea at Southbank proposed
« Reply #19 on: February 25, 2022, 09:00:05 AM »
Can one of you ex-perts explain how this $6.3 milion grant actually impacts the developers bottom line/pocket book? I assume this is like a closing cost credit that pays out over several years. In other words, it's pure profit for the developer.....

acme54321

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Re: Artea at Southbank proposed
« Reply #20 on: August 16, 2022, 09:50:55 PM »
Big excavator sitting on the side of the road next to this parcel.  Looks like they had run it up into the cleared part of the site adjacent to the DCSB parking lot.  They had a drill rig out there a few months ago in the same area. I wonder if there are some environmental concerns on this site as it was used for heavy industry for a long time.