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LIVE: Groundbreaking for luxury high-rise Southbank Residences along St. Johns River

JACKSONVILLE, Fla. – Mayor Donna Deegan and Related Group developers are hosting a groundbreaking of Southbank Residences, a 25-story mixed-use development along the St. Johns River in Downtown on Wednesday.

Officials said Southbank Residences represents about $203 million in private investments. It is 395 mixed-income homes across two towers on the Southbank Riverwalk, marking the first new luxury high-rise on the Jacksonville riverfront in more than a decade.

Expected speakers among Deegan include:

  • Related Group Founding Executive Chairman Jorge M. Pérez
  • Related Group President and CEO Jon Paul Pérez
  • Architect, Carlos Ott