The city issued a permit Dec. 8 for Rise: A Real Estate Company to build The Doro apartments at 960 E. Adams St. at a construction cost of almost $35.56 million.
Through Jacksonville Properties I LLC, Rise intends to develop the 247-unit, five-story wood-frame project over a two-story podium of development. The project is 177,200 square feet.
On Dec 4, the city issued a permit for Rise to build the parking deck, which is a seven-level, 284-space garage with rooftop amenities, at a cost of almost $10.4 million.
Site clearing and horizontal development were permitted Nov. 16.
Rise General Contractors LLC will build the apartment and retail project and the garage at Adams Street and A. Philip Randolph Boulevard in the Downtown Sports & Entertainment District.
The project is on 1.77 acres where the George Doro Fixture Co. fabricated architectural woodwork, casework and millwork.
The Dec. 8 apartment permit clears the way for the city to permit demolition of the Doro Fixture warehouses on the site.
The Downtown Development Review Board approved final designs for The Doro on May 14 with the condition that Rise obtain a building permit for vertical construction before demolishing the Doro Fixture structure.
The oldest building on the Doro property dates to 1914, and more structures were added through 1954.
The site is not a locally registered landmark and doesn’t have historic structure protections.
Matthew Marshall, Rise vice president of development, said Oct. 6 construction will take about 22 months.
Rise, based in Valdosta, Georgia, with a Jacksonville office, paid $5.2 million for the George Doro Fixture Co. property Sept. 30 through Jacksonville Properties I LLC.
The Downtown Investment Authority Board voted 8-0 on Oct. 14 to authorize a 15-year, 65% Recapture Enhanced Value Grant for Rise, which anticipates a total project investment of $65.64 million.
Rise will receive up to a $5.75 million tax incentive for the project.
