The Vestcor Companies wants to build a mixed-used development that includes workforce housing.
Area unemployment rate was 3.5% in July, unchanged from June.
Crowne Plaza in North Jacksonville, Courtyard Jacksonville in Arlington to remodel.
Downtown Investment Authority Board meets Aug. 21.
The 155-room, seven-story hotel will be built at 4905 San Pablo Road S.
Owner Mark Braddock has a clothing deal with the Jumbo Shrimp, and is in talks with the Jaguars for the same.
The project could enable redevelopment of 1 Riverside Ave., former home of The Florida Times-Union.
The property sits on the south side of San Marco Boulevard in front of the lions sculpture.
The 1,000-space project should be completed in 2020.
