Issue 205, November 12, 2023
At our meeting this past week, we heard from Steve Kelley, of Downtown Investment Authority. Steve Kelley began his talk by acknowledging the significant changes that had occurred in the past two years. He highlighted the ongoing development activities in Jacksonville, even in the midst of a challenging economy. Kelley emphasized the city’s position as a hub of development activity in the Southeast and beyond, with interest from developers in New York, Miami, and Atlanta.
He provided an overview of the projects completed, under construction, approved, or in review, amounting to over six billion dollars in total investment, with 723 million since 2022. Kelley emphasized the focus on residential growth in downtown Jacksonville, with a goal of reaching 10,000 residents, a goal they are well on their way to achieving.
Kelley highlighted specific projects, including the Home2 Suites project, One Riverside Avenue, the Emerald Trail, and various park developments. He emphasized the importance of mixed-use development to create vibrant communities and attract residents.
Throughout his talk, Kelley showcased numerous ongoing and upcoming projects, including the redevelopment of historic buildings, the construction of mixed-income housing, and the creation of new parks and public spaces. He also discussed tax incentives, such as Rev Grants, to encourage development and investment in the city.
In conclusion, Kelley conveyed his excitement about Jacksonville’s growth and development, with numerous projects contributing to the city’s revitalization and attractiveness as a place to live and invest.
Mike Best
2023 1st Vice President
