Vestcor Companies and the Simpson Organization have received final approval for a mixed-use venture in Jacksonville. The Lofts at Southbank will measure 10 stories above grade, combining affordable housing with a self-storage aspect. The final approval comes on the heels of public opposition, architectural changes, and other obstacles.
Records from the city’s Downtown Development Review Board share that the high-rise building’s ground floor will offer office, retail, and restaurant space. Self-storage facilities will span floors three through six, and multi-family housing units will occupy the seventh through 10th floors.
The venture will measure 10 stories and offer parking on the second level. Image by Group 4 Design
The Jacksonville Business Journal reports that the Lofts at Southbank will offer 100 homes, 80 of which will be reserved for people earning up to 60 percent of the area median income (AMI). The remaining 20 will be reserved for those earning less than 120 percent of the AMI. In 2022, Jacksonville’s Office of Economic Development noted that the average household income was $91,636.
Construction could start on the Lofts at Southbank in summer 2025. With the latest city approval, the developers can now file additional permits to move the project forward. Group 4 Design is the architect.
The Lofts at Southbank is planned for 1004 Hendricks Avenue, Jacksonville, FL, 32207, in Duval County.
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