Artea at Southbank proposed

[Jax_Developer]

Rents, code & contracting base. Jax has cheaper rents, with more restrictive DT code for building hi-rise apartments, with a smaller contractor base. If they allowed nearby parcels to do parking agreements with the Kings Ave Lot for example, there could be some higher buildings put in there when IR go back down. Not sure that would ever happen other than the current 0.75 acre lot listed now with the PUD for it. But just likely too expensive right now.

[Tacachale]

Seems to be something about the housing market or land values here. There have been, what, a handful of high rise residential projects even proposed downtown since the recession? And all of them have demanded extensive subsidies? Seems to be easy/cheap enough still to just assemble the land to spread apartments out instead of buying one parcel and building up.

Or to convert obsolete office space that's already built. I'd also look at what the city is doing or not doing to help make the numbers work on these projects.

[thelakelander]

It's because of what you can charge for rent.

Orlando Downtown: 1/1/746SqFt - $2528/month
Jacksonville Downtown (Southerly - build as 3 floors concrete with 5 floors of sticks): 1.1/704SqFt - $1891/month

Pretty much. In terms of market, Orlando and Florida's larger metro areas aren't really peer cities. Maybe 30-40 years ago buy not now. Scale down to Memphis, Louisville, etc. and they're likely more in line with out numbers.

[acme54321]

This thing is really coming along , but damn, who picked the color scheme???