A partially completed condominium complex in Jacksonville, Florida is the subject of a proposed transformation into an entertainment destination.
Berkman II on the Northbank of the downtown riverfront area of the city will cost an estimated $122m to convert. The Downtown Investment Authority and 500 East Bay LLC are seeking city council approval of a development agreement to provide $36m in incentives for developers, according to reports in the Jacksonville Daily Record.
500 East Bay plans to design, build and renovate the partially built 17-story Berkman II into a 340-room hotel and add a water park, indoor and outdoor family entertainment amenities, parking garage and Northbank Riverwalk improvements along the property's riverfront.
