APRIL 13 TO APRIL 19, 2023 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
A NEW VISION IN NEW SPRINGFIELD
INSIDE
THE BASCH REPORT
Billionaires list includes Khan, others with area links PAGE 4
Photo by Monty Zickuhr
The Phoenix Arts District buildings in the block at North Liberty Street and 14th Street are among the properties acquired by Miami-based Future of Cities. The group has acquired property from North Liberty to North Main streets.
Future of Cities is buying up property in the New Springfield area north of Downtown with plans to transform it into a space for residents, artists, nonprofits and business owners. BY KAREN BRUNE MATHIS EDITOR
E
ight acres in the New Springfield area north of Downtown Jacksonville are filled with old warehouses, empty lots and the colorful murals of its identity as the Phoenix Arts District. Now, a new use is rising as the Phoenix Arts & Innovation District, or PHX JAX, which is near the historic Springfield and Eastside areas. Since 2020, Miami-based Future of Cities has been buying the property to regenerate the neighborhood into affordable
housing, innovation, markets, food trucks, events, green space and more. “Cities thrive when we enrich historic neighborhoods,” said Tony Cho, founder and CEO of Future of Cities, in an emailed statement. “Springfield and the Eastside have a rich cultural heritage that Future of Cities will celebrate and support as we co-create the Phoenix Arts + Innovation District with local residents, artists, non-profits, and business owners to be a catalyst for equity and growth,” he said.
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THE MATHIS REPORT
PangeaKeto concept on way Best friends for 17 years launching the Ohio-based ketogenic bistro franchise. PAGE 5 RESTAURANTS
Pour Taproom to Downtown
TONY CHO, FOUNDER AND CEO OF FUTURE OF CITIES
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Four projects would reshape the skyline Downtown
SEE FUTURE, PAGE 10
“Springfield and the Eastside have a rich cultural heritage that Future of Cities will celebrate and support as we co-create the Phoenix Arts + Innovation District with local residents, artists, non-profits, and business owners to be a catalyst for equity and growth.”
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DEVELOPMENT
The concept with selfserve beer taps is coming to the new VyStar Parking Garage. PAGE 3
REAL ESTATE
Homebuilding permits increase but remain slow Building permits for single-family homes and town homes in Northeast Florida increase in March with St. Johns leading way, but still lag the first quarter of 2022. PAGE 15
REAL ESTATE
Top home sales of week, quarter The seller of the mostexpensive home in Q1 is a buyer. PAGE 14
VOLUME 110, NO. 22 | TWO SECTIONS | PUBLISHED SINCE 1912