Q: It’s been more than four years since Texas-based development financier Preston Hollow Community Capital LLC broke ground on the 32-acre, $693 million Downtown Southbank megaproject RiversEdge.
The Jacksonville City Council increased the maximum 20-year property tax rebate for the project in 2023 from $41.96 million to $97.86 million when the total cost of the proposed development went up. And homebuilder Toll Brothers started the first piece of vertical construction at RiversEdget — 40 townhomes — last year.
As the public parks at the new Southbank neighborhood prepare to open, a $2.87 million sculpture, The Pearl, will soon stand at its Central Park…