Related Group is planning a new 25-story riverfront tower with no less than 390 luxury units, minimum 4,000 SF riverfront restaurant space, and a 9-story parking garage. The development will also include a 1,000 SF ship store that will serve the future restored marina. The City will finance the restoration of a 29-slip marina and boat ramp at the site. The 25th-floor roof level of the high-rise will have a sundeck, sky lounge, and sky bar. In addition, Related will contribute a parcel of about 4,200 SF for an expansion of the St. Johns River Park space and provide $3.98 million over 30 years for park maintenance. The site encompasses the former River City Brewing Co. restaurant and marina, which closed in 2021.
The project received a $39 million completion grant and a $19.79 million Recapture Enhanced Value Grant.
Investment: approx. $200 million
Status: Approved by DIA Board, Incentives Package Approved by City Council