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Mathis Report
Jax Daily Record Monday, Dec. 7, 202005:10 AM EST

Parking garage permit issued for Doro site

Developer Rise waits for construction approval for the apartments before it can demolish the warehouses.

The city issued a permit Dec 4 for Rise: A Real Estate Company to build the parking deck for The Doro Downtown.

Rise will build a seven-level, 284-space parking garage with rooftop amenities.

It is part of the $46 million in construction costs for the apartment and retail project and the garage at 960 E. Adams St., at A. Philip Randolph Blvd. in the Downtown Sports & Entertainment District.

Rise General Contractors LLC is the contractor for the almost $10.4 million parking structure.

The city issued a permit Nov. 16 for site clearing and horizontal development for the project.

The city continues to review the permit for the apartments and applications for demolition of the warehouses on the site.

The project is on 1.77 acres at 102 A. Philip Randolph Blvd. where the George Doro Fixture Co. fabricated architectural woodwork, casework and millwork. 

Through Jacksonville Properties I LLC, Rise wants to develop the 247-unit, five-story wood-frame project over a two-story podium of development. 

Matthew Marshall, Rise vice president of development, said Oct. 6 the two floors under the podium will have town houses, restaurant and common area amenities like the clubhouse and leasing area. 

The Downtown Development Review board approved final designs May 14 with the condition that Rise obtain a building permit for vertical construction before demolishing the Doro Fixture structure.  

Marshall said the apartment building wraps around the garage on three sides. 

He said 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.

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