JACKSONVILLE, Fla. \u2014 opinion<\/p>\n
\u201cIt\u2019s really exciting,\u201d said Jacksonville Resident Lindsey Walker. \u201cIt\u2019s going to bring in a lot of new people, young people.\u201d<\/p>\n
The site has sat vacant for more than 3 years.<\/p>\n
>>> STREAM ACTION NEWS JAX LIVE <<<<\/a><\/p>\n \u201cIt\u2019s something we much needed,\u201d Jacksonville resident Brian Tyle said.<\/p>\n The property is owned by Miami-based Related Group. They purchased the land from the City of Jacksonville and cleared the site.<\/p>\n And for years, they faced rising construction costs and inflation<\/a> which set proposals back to square one.<\/p>\n The project is supposed to bring a 390-unit apartment complex, along with a waterfront restaurant and parking garage.<\/p>\n [DOWNLOAD: Free Action News Jax app for alerts as news breaks<\/a>]<\/p>\n \u201cYou got to have a reason for people to come downtown, not just to live but to also walk around and hang out,\u201d Tyle said.<\/p>\n Over the last five years, 1,766 units have opened in the downtown area.<\/p>\n And with more residential developments approved or in review for the Southbank, many said all the new developments are helping reshape the area.<\/p>\n \u201cIt\u2019s been incredible,\u201d Walker said. \u201cIt gives us a reason to come downtown.\u201d<\/p>\n [SIGN UP: Action News Jax Daily Headlines Newsletter<\/a>]<\/p>\n \u201cAny development on either side of the river, in my opinion, is a boom for the area, and I think the more the better,\u201d Tyle said.<\/p>\n The developer told Action News Jax that construction is expected to be completed within about three years. <\/p>\n Click here<\/a> to download the free Action News Jax news and weather apps, click here<\/a> to download the Action News Jax Now app for your smart TV and click here<\/a> to stream Action News Jax live.<\/p>\n Action News Jax Top Stories<\/p>\n","protected":false},"excerpt":{"rendered":"JACKSONVILLE, Fla. \u2014 opinion \u201cIt\u2019s really exciting,\u201d said Jacksonville Resident Lindsey Walker. \u201cIt\u2019s going to bring in a…\n","protected":false},"author":2,"featured_media":85403,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[31052,9287,116,118,117,46803,634,123,46804,46805,21211,6176],"class_list":{"0":"post-85402","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jacksonville","8":"tag-downtown_investment_authority","9":"tag-friendship_fountain","10":"tag-jacksonville","11":"tag-jacksonville-headlines","12":"tag-jacksonville-news","13":"tag-jacksonvilles","14":"tag-local","15":"tag-miami","16":"tag-old_river_city","17":"tag-related","18":"tag-river_city","19":"tag-south_bank"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/85402","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=85402"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/85402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/85403"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=85402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=85402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=85402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}