The health-inspired development known as The District will break ground this summer, developer Peter Rummell said Thursday.
The long-awaited infill project will occupy the 28.6-acre parcel where the JEA Southside Generating Station once stood along the Southbank of the St. Johns River.
Rummell told an Urban Land Institute Workshop the project is moving along.
Although he declined specifics, Rummell said contract negotiations with the Downtown Investment Authority and City Council should wrap up in six to eight weeks.
“The first phase is building out all of the horizontal elements — streets, utilities and infrastructure,” said Rummell, who estimates those projects will take the better part of a year to complete.
The District is being billed as a community where residents can live, work and keep up a healthy lifestyle.
Rummell said the development and programing are being designed for all ages.
The mixed-use project includes 150,000 square feet of retail space, 200,000 square feet of office space, a marina, and a 150-room hotel.
“Our vision is much different than what’s currently out there,” he said.
Rummell said the property is zoned to allow people to rent or buy, providing housing options for a range of residents.
“We’ll have everything from a 600-square-foot efficiency to a 2,500-square-foot condo,” Rummell said.
In January 2015, Elements Development of Jacksonville LLC agreed to buy the vacant property from JEA for roughly $18.5 million.
If all goes according to plan, Rummell says The District could be completed by 2019.
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