Springfield Lofts Redevelopment Agreement

At a glance

What: Ordinance 2026-0677 (introduced by M. Carlucci) would approve an amended and restated redevelopment agreement with Springfield Lofts, LLC for a 2.12-acre site at 1335 N Pearl Street and 205 W 3rd Street: a 3,000,000 dollar redevelopment completion grant payable on substantial completion, a 3,000,000 dollar 20-year development loan (both to be appropriated by later legislation), waivers of fine and lien settlement rules and nuisance lien collection rules, removal of nuisance liens on completion, and a waiver of the Public Investment Policy.
Where it stands: deferred by the Rules Committee and the Neighborhoods committee on 2026-10-19 and the Finance Committee on 2026-10-20 (deferred at Carlucci's request; the Finance captions tie it to about 6 million dollars of pending housing items waiting for the Amendment 3 vote). Introduced August 25, 2026.
Related: part of the Downtown Redevelopment Incentive Agreements group with Gateway Jax Downtown Mixed-Use Completion Grant.