LaVilla Townhomes

About

The project is designed on 3.4 acres at Adams, Johnson, Lee and Forsyth streets in the historic Downtown neighborhood.

The Vestcor Companies, Inc. has committed to the construction of a for-sale townhome residential community consisting of a minimum of 88 units (50 townhomes and four two-story buildings with 38 townhomes) having an average sales price of $250,000. The new community will be located on what is currently City-owned real property identified by Duval County Tax Parcels to be purchased by the Company, located in the Northbank Community Redevelopment Area.

Vestcor has committed to provide a contribution of $100,000 to the development of Lift Ev’ry Voice and Sing Park, an additional $100,000 to the development of the Emerald Trail, and to share profits with the DIA equal to 75% of all sale proceeds in excess of 250,000 for each unit sold.

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