This week, The Jacksonville City Council approved a redevelopment agreement and $18.27 million in taxpayer incentives for Miami-based Related Group’s plan to replace River City Brewing Company!  The development will feature a minimum 325-unit, eight-story apartment building and restaurant. The developer plans to buy Maritime Concepts’ interest (the owners of River City Brewing Company) in the city-owned property and buy out the remaining 77 years of the company’s long-term land lease.

The $99.16 million proposed Southbank apartment development will include a free-standing, nearly 5,000-square-foot restaurant fronting St. Johns River Park and Friendship Fountain and a 500-space parking garage.