Invest in Community-Driven Growth in Jacksonville’s Creative Core
The Phoenix Arts & Innovation District Powered by Future of Cities
PHXJAX is a transformative 8.5-acre urban redevelopment project in Jacksonville’s historic North Springfield neighborhood—an opportunity zone poised for long-term growth. Powered by Future of Cities, this regenerative placemaking initiative is designed to unlock real estate value while advancing sustainable development, mixed-use affordable housing, and inclusive economic growth. Through public-private partnerships, impact-aligned capital, and a curated network of creatives and changemakers, we are building a district where the future of cities comes to life.
In 2024, Future of Cities received unanimous approval of $5.5 Million incentive package and multifamily rezoning from Jacksonville City Council for the Phoenix Arts & Innovation District.
A Regenerative Investment Opportunity In Jacksonville
PHXJAX is a catalytic, community-led development in Jacksonville’s North Springfield neighborhood—revitalizing a historic district through arts, culture, and creative economy while delivering strong, impact-aligned returns.
Projected IRR: 20%+ based on phased development strategy and value creation through early acquisition, adaptive reuse, and cultural activation.
Located in a federally designated Opportunity Zone, offering investors significant tax advantages including deferral, reduction, and elimination of capital gains.
Access to real estate with a low cost basis in a high-upside urban corridor – offering early entry pricing below land values across the Jacksonville metro, with strong potential for long-term appreciation through community-driven revitalization.
Phased development model is structured as a covered land play, combining income-producing assets, community programming, and cultural infrastructure to offset carry and support long-term value creation.
The District
As an innovation district, PHXJAX integrates green infrastructure, adaptive reuse, cultural programming, and community-driven design to create a walkable, resilient neighborhood that attracts local & global talent, tourism, and long-term capital. Anchored by a community of grassroots artists, entrepreneurs, and mission-aligned partners, the project emphasizes climate-resilient real estate, business incubation, and social impact investing.
Preliminary Master Plan
The Neighborhood
Jacksonville’s Historic Heartbeat Transforming Through Regenerative Investment and Community-Led Revival
Located just north of Downtown Jacksonville, North Springfield is a historic neighborhood in a federally designated Qualified Opportunity Zone (QOZ), offering unique potential for impact-driven investment and inclusive revitalization. Known for its early 20th-century architecture, tree-lined streets, and proximity to major transportation corridors, North Springfield blends historic charm with strategic urban access.
Long home to working-class families, artists, and community organizers, the neighborhood is undergoing a grassroots cultural revival. Local residents and entrepreneurs are leading efforts to preserve its heritage while cultivating a vibrant, inclusive future rooted in creativity, sustainability, and economic opportunity.As a growing hub for regenerative placemaking and equitable development in Jacksonville, North Springfield is attracting attention from socially conscious developers and mission-aligned investors. With strong community engagement and a clear vision for sustainable growth, it serves as a powerful model for transformative neighborhood development.
Rise with the Phoenix
The time to invest in Jacksonville’s most promising cultural corridor is now. North Springfield and the Phoenix Arts & Innovation District represent a once-in-a-generation opportunity to catalyze equitable growth, fuel creative-led development, and deliver lasting social and economic impact
