JACKSONVILLE, Fla. - Developers and city officials broke ground Thursday on a new $86 million, 486-unit housing community located in Jacksonvilles historic San Marco neighborhood.
Known as San Marco Crossing, the two-building development is destined for a nearly nine-acre site along Kings Avenue near Bertha Street.
Jeff Rosen, principal for Chance Partners, said he expects the community to become a catalyst for development connecting historic San Marco Square with revitalization efforts along Atlantic Boulevard and the surrounding area.
"As San Marco continues to develop, there's an opportunity to continue to bring up the area around San Marco, so that's what these projects are going to do," Live Oak Contracting President Paul Bertozzi said.
"And with the San Marco Crossing project to San Marco Promenade project, the area has really come together, both commercially and residentially."