A $500M project coming to Springfield could help address Jacksonville’s housing affordability crisis

JACKSONVILLE, Fla. – A major mixed-use development planned for Jacksonville’s Springfield neighborhood aims to bring hundreds of new housing units to the area, including affordable and workforce housing options.

The $500 million Phoenix Arts and Innovation District is being developed by Miami-based Future of Cities in partnership with Jacksonville-based Live Oak Contracting. The nearly 9-acre project sits just north of Downtown Jacksonville.

Developers said the project is designed to address affordability concerns while also preserving the character of the historic neighborhood…

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