Ashco Centers plans major riverfront development in Jacksonville
What happened
Ashco Centers is planning Seaport at St. Johns, a major riverfront project in Jacksonville. The plan calls for two high-end residential towers, a luxury hotel, waterfront dining, a marina, a grocery store, and 110,000 square feet of retail space. The development is slated for the site currently occupied by Duval County Public Schools. Ashco Centers is currently in the due diligence phase and is seeking investors for the project.
From actionnewsjax.com
Why it matters
The project is located on land that Duval County Public Schools sold for $15.1 million. The plan aims to transform the area into a high-end community. This type of large-scale mixed-use development could increase local investment and tax revenue.
From actionnewsjax.com
Who's involved
- JacksonvilleLocation of the proposed major riverfront project
- Duval CountyCounty that owns the land where the project is planned
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Jacksonville Transportation AuthoritySpeculative
Could face increased ridership demand due to the new high-density residential and commercial towers.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- New riverfront development may boost ridership for JTAHigh-density Seaport project may increase demand for Jacksonville's public transit.Possible
- New riverfront towers may increase demand for JEA servicesJEA may face increased demand from new high-density riverfront developmentPossible
- How could Ashco Centers' new riverfront project affect Donna Deegan's administration?Major riverfront development could advance Jacksonville's downtown revitalization goalsPossible
- New riverfront project may alter Duval County's tax base and land useNew riverfront project may alter Duval County's tax base and land usePossible
- Major riverfront project may require city council approvalMajor riverfront project may require city council approvalPossible
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The entities involved
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Jacksonville
city in Duval County, and largest city in State of Florida, United States