Council agrees to higher price threshold for LaVilla town house revenue sharing

[thelakelander]

Three weeks after Johnson Commons LLC started site work on its 91-unit town house project in LaVilla, the Jacksonville City Council has agreed to amend its 10-month-old deal with the developer to sell the homes at a higher price.

Council voted 14-0 on Aug. 24 on Ordinance 2022-0458, that says Johnson Commons will split the net revenue from the town house sales with the city beyond $320,000.

The original deal, approved by Council in October 2021, set the revenue-sharing threshold at $250,250.

Full article: https://www.jaxdailyrecord.com/article/council-agrees-to-higher-price-threshold-for-lavilla-town-house-revenue-sharing

[heights unknown]

My old Neighborhood, LaVilla. I hope it becomes residentially dense in addition to shops, convenience stores/gas stations, etc. My fingers are crossed.