College Park
About the project
JWB Real Estate Capital LLC (JWB) was founded in 2006 and it is a privately-owned real estate investment and management company. JWB is committed to revitalizing its historically vibrant neighborhoods through parterships with local institutions like Jacksonville University. JWB has a history of community involvement and has been recognized by The Northeast Florida Builders Association and Jacksonville Magazine for its work to bring affordable housing to Jacksonville. Over the last 14 years, JWB has purchased, renovated, and built over 4,000 properties in the Jacksonville area, most of which are in blighted, low-income communities.
JWB is based in Jacksonville, Florida.
LISC provided a $10.76 million loan to support the redevelopment of College Park, a 50-year-old retail center to include a new 48,000 square foot grocery store in a low income, low access area (designated by USDA’s Food Access Research Atlas Tool). The project will also include a community center and small business incubator in conjunction with Jacksonville University.
Partner:
JWB Real Estate Capital LLC
Location:
Jacksonville, FL
Total Investment:
$10.76 million
Results:
181,593 sq. ft. commercial space
125 jobs created or preserved
Project Category:
Food Security;
Access to Essential Services;
Employment Generation
Product:
Mini-Permanent loan
Website:
UN SDGs:
  |