Market-Rate Rentals a Growing Option Downtown

Mike Mendenhall of the Jacksonville Daily Record recently published a piece entitled “Market-Rate Rentals a Growing Option Downtown”.  Mendenhall highlights the rising number of people documented living in downtown Jacksonville, and what this means for future real estate opportunities.  JWB has submitted a bid to develop for-sale townhomes on city-owned property in LaVilla downtown, as we have seen the demand for affordable and workforce housing rise. Offering options like this downtown can help bring downtown Jacksonville's number of residents closer to 10,000, which the Downtown Investment Authority believes to be the number that will “allow the Downtown market to attract essential services like grocers and a pharmacy as well as more retail, restaurants, and entertainment.”

Read the full article by clicking here.

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