Gateway Jax to seek at least $43M in incentives for Publix-anchored project at old site of First Baptist downtown Completion grant makes up majority of package, Jax Daily Record reports
Publix has agreed to open a grocery store in Downtown Jacksonville in Gateway’s Block N7 mixed-use development at 119 W. Beaver St. It is the site of the former First Baptist Church main auditorium. (Jax Daily Record)
Gateway Jax plans to seek at least $43 million in public incentives for the Publix-anchored mixed-use tower it has proposed on the site of the former First Baptist Church main auditorium, according to a report from News4JAX news partner the Jacksonville Daily Record .
Downtown Investment Authority CEO Colin Tarbert revealed on Monday the incentive request for Gateway’s N7 project in a presentation to the City Council Special Committee on the Future of Downtown.
RELATED: Development of historic downtown church property, MOSH site, Ford on Bay among topics of DIA update for city leaders
Gateway is planning to replace the auditorium at 119 W. Beaver St. with a 15-story residential tower with about 250 apartments, integrated parking with 400 spaces, and a 31,000-square-foot Publix. The DIA listed the total investment in the project at $138.6 million.
The N7 project is part of Pearl Square, Gateway’s $750 million, multiproperty development in the NorthCore area of Downtown. Pearl Square is part of a larger development that, if fully built-out, would be a $2 billion investment over 32 acres of land holdings.
For the full story, go to JaxDailyRecord.com
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