A New Dawn for Downtown Jacksonville: JWB Real Estate Capital and Corner Lot Bring Vitality and Growth

In recent years, downtown Jacksonville has seen a surge in growth and development thanks to the collaborative efforts of Corner Lot and JWB Real Estate Capital. Led by Alex Sifakis of JWB and Andy Allen of Corner Lot, the two companies have been working together to bring vibrancy and vitality to the area with significant investments and projects in the works.

On a recent episode of the podcast “This Week in Jacksonville: Business Edition,” the focus was on downtown development, upcoming projects, and the challenges the area has faced over the years. During the show, Sifakis discussed JWB’s investments in downtown through projects such as Gateway Jax, which owns over 20 city blocks in downtown Jacksonville. The first phase of development in the north core is set to begin this year with an estimated cost of $500 million.

Allen also shared some exciting news about Johnson Commons in LaVilla neighborhood, where residents are already moving into townhouses for simple homeownership sales. This project also includes a partnership with James Weldon Johnson Lift Every Voice and Sing Park, bringing density and homeownership to the area. Both Sifakis and Allen expressed pride in the progress being made in downtown Jacksonville, with Allen stating that it had exceeded all expectations despite delays due to events in 2020. They believe that this is just the beginning of many more developments to come for downtown Jacksonville.