JACKSONVILLE, Fla. – There is no new request from Rise Doro for $3 million. It was initially reported that Bill 0873 was for an additional 3 million dollars. However, that was a misinterpretation of the bill.
Jacksonville Councilman, Nick Howland, confirmed by email, “There is NOT a new request from Rise Doro for $3 million. This bill (0873) merely obligates money for a previously approved completion grant for that is payable next year. We’re setting aside now to pay it for next year, effectively bringing our budget year deficit from 67 million down to 64 million next year.”
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The Rise Doro Apartments, located near the EverBank Stadium, submitted a funding request that appeared on Tuesday’s Jacksonville City Council agenda. However, no speakers addressed the matter during the public hearing portion of the meeting.
The funding request, outlined in Ordinance 2025-873, would appropriate $3 million from the General Fund Special Council Reserve through the Downtown Economic Development Fund Rise-Doro and Miscellaneous Grants and Aids account.
According to council records, the ordinance was introduced on Nov. 25 and went through committee hearings on Dec. 1 and 2.
The project includes plans for a multi-family residential apartment complex with structured parking and retail/restaurant/lounge space. As part of the development agreement, the developer has committed to designating a portion of units for workforce housing, specifically allocating at least fifteen 2-bedroom units and 70 1-bedroom units.
RISE Doro was approaching its opening date when it was struck by fire in January 2024. While reconstruction has progressed since then, developers have not yet announced a new grand opening date; however, apartments are available for lease.
You can view floor plans and learn more at risedoro.com.