Unanimous Approval from Jacksonville City Council

Miami-based Developer Future of Cities Receives Unanimous Approval of $5.5 Million Incentive Package and Multifamily Rezoning from Jacksonville City Council for Phoenix Arts & Innovation District

JACKSONVILLE, Fla. — June 27, 2024 — Miami-based real estate developer Future of Cities (FoC) announced today it received approval of an incentive package totaling $5.5 million from the City of Jacksonville’s Office of Economic Development, as well as the approval of rezoning of its planned unit development (PUD) to permit commercial and multifamily residential uses for the Phoenix Arts & Innovation District (PHXJAX). The package and rezoning, outlined in Ordinances 2024-0418 and 2024-0348, were approved by the Jacksonville City Council on June 25, 2024.