{"id":354067,"date":"2026-07-27T20:05:07","date_gmt":"2026-07-27T20:05:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/354067\/"},"modified":"2026-07-27T20:05:07","modified_gmt":"2026-07-27T20:05:07","slug":"proposed-corner-lot-hotel-in-jacksonvilles-riverside-could-receive-up-to-8m-in-city-incentives","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/354067\/","title":{"rendered":"Proposed Corner Lot hotel in Jacksonville\u2019s Riverside could receive up to $8M in city incentives"},"content":{"rendered":"<p class=\"Box-_wrDxHtU__Box-sc-10sa3ie-0 Text-nO2aZ44r__TextBase-sc-s2hv5x-0 jJNfBD fSvavs article-text\">JACKSONVILLE, Fla. \u2013 A planned Corner Lot hotel on Riverside Avenue could receive up to $8 million in city incentives, according to a memo presented to the Mayor\u2019s Budget Review Committee.<\/p>\n<p class=\"Box-_wrDxHtU__Box-sc-10sa3ie-0 Text-nO2aZ44r__TextBase-sc-s2hv5x-0 jJNfBD fSvavs article-text\">According to the <a href=\"https:\/\/www.jaxdailyrecord.com\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.jaxdailyrecord.com\/\">Jacksonville Daily Record<\/a>, the incentives for the hotel would come as a 30-year, 75% Recapture Enhanced Value grant. <\/p>\n<p class=\"Box-_wrDxHtU__Box-sc-10sa3ie-0 Text-nO2aZ44r__TextBase-sc-s2hv5x-0 jJNfBD fSvavs article-text\">A REV grant is a refund on ad valorem tax revenue generated by a new development or property enhancement. It can apply to property and tangible personal property.<\/p>\n<p>Renderings for proposed Corner Lot hotel in Riverside (Corner Lot)<\/p>\n<p class=\"Box-_wrDxHtU__Box-sc-10sa3ie-0 Text-nO2aZ44r__TextBase-sc-s2hv5x-0 jJNfBD fSvavs article-text\">The project would include around 119 rooms, 300 parking spots and 2,500 square feet of retail space, according to the memo from the Office of Economic Development.<\/p>\n<p class=\"Box-_wrDxHtU__Box-sc-10sa3ie-0 Text-nO2aZ44r__TextBase-sc-s2hv5x-0 jJNfBD fSvavs article-text\">According to renderings presented to the Jacksonville Historic Preservation Commission, the development would include a six-story hotel and a five-story parking garage adjacent to Corner Lot\u2019s existing office building that features River &amp; Post, which operates a ground-floor restaurant and a rooftop lounge.<\/p>\n<p class=\"Box-_wrDxHtU__Box-sc-10sa3ie-0 Text-nO2aZ44r__TextBase-sc-s2hv5x-0 jJNfBD fSvavs article-text\">Read more at the <a href=\"https:\/\/www.jaxdailyrecord.com\/news\/2026\/jul\/24\/city-could-offer-up-to-8-million-in-incentives-for-corner-lot-hotel-in-riverside\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.jaxdailyrecord.com\/news\/2026\/jul\/24\/city-could-offer-up-to-8-million-in-incentives-for-corner-lot-hotel-in-riverside\/\">Jacksonville Daily Record<\/a>.<\/p>\n<p>Copyright 2026 by WJXT News4JAX &#8211; All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"JACKSONVILLE, Fla. \u2013 A planned Corner Lot hotel on Riverside Avenue could receive up to $8 million in&hellip;\n","protected":false},"author":2,"featured_media":354068,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[130091,2152,3033,116,118,117,7909],"class_list":["post-354067","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jacksonville","tag-corner-lot","tag-development","tag-hotel","tag-jacksonville","tag-jacksonville-headlines","tag-jacksonville-news","tag-riverside"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/354067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=354067"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/354067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/354068"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=354067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=354067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=354067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}