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LIFT JAX and Jacksonville Housing Authority plan makeover of Downtown East Apartments

November 29th, 2023 · Leave a Comment

Downtown East, formerly known as Franklin Arms, will undergo significant renovations to deliver high-quality, mixed-income housing.

LIFT JAX and the Jacksonville Housing Authority (JHA) recently purchased the Downtown East Apartments for $7.25 million. The partnership represents a significant investment in the Historic Eastside and dedication to providing accessible multi-family housing in the neighborhood.

JHA will assume management responsibility of Downtown East Apartments located at 888 Franklin Street. An investment of approximately $5 million is expected to renovate the property, with an initial focus on safety and security. The renovations are planned to take between 12 and 18 months with the final product unveiling a quality housing complex with new amenities for all to enjoy.

Once renovations are complete, the transformed 102-unit complex will offer a range of rents that ensure low- and moderate-income residents will be able to take advantage of the renovated housing.

Learn more about LIFT JAX’s work in the Historic Eastside at liftjax.org. Learn more about the work and resources offered by JHA at jaxha.org.

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