JACKSONVILLE | Urban and Metro Development News

[Altoic]

Originally Posted by Altoic

Progress is still being made at RiversEdge.



More info below:
https://downtownjacksonville.org/poi/rivers-edge/

Updated Renderings and Construction Plans:

RiversEdge Jacksonville
https://riversedgejax.com/

-There will be 1,170 Residential units (of which 200 are luxury).
-200 Hotel Rooms
-4 Parks totaling 3.5 acres.
-121,400 SF of Developable Retail Space
-200,000 SQFT of Developable Office Space

*Dirt has been moved, and according to a JDR Article the 4 parks will begin construction December 2023, and finish around late 2024. Also, (no promises) but they expect in 2025 that some of the big buildings will be rising.

https://www.jaxdailyrecord.com/news/...y-end-of-2024/

Renderings:








4 Parks:

[dktshb]

Looks like an amazing development using high quality material.

[futuresooner]

Very fitting for this part of the Southbank and sort of eases the skyline into the more single-family residential just to the east.

[Altoic]

Ugh. Jacksonville is already getting an unlucky start to 2024.

A week ago, a 7 story 247 unit apartment building burst into flames.
It's being demolished now.

The website has the following:




The developer says they're committed to redeveloping, the garage is intact.

[Altoic]

IT IS WORKING!!!
yay

https://twitter.com/CityofJax/status...74862936678550

Video Link

[Dale]

Downtown Jax- where dreams go to die …

https://jaxtoday.org/2024/02/16/risi...-jacksonville/

[C.]

Originally Posted by Dale

Downtown Jax- where dreams go to die …

https://jaxtoday.org/2024/02/16/risi...-jacksonville/

I don't see this as a Jacksonville thing. Rising interest rates and inflation are having big impacts on the development industry. Construction insurance, along with hazard and flood after construction is complete, has also gone through the roof.

Projects simply don't pencil anymore. Low-density sprawl and 5+1 buildings seems to be the only thing economical for the time being.

[Dale]

Originally Posted by C.

I don't see this as a Jacksonville thing. Rising interest rates and inflation are having big impacts on the development industry. Construction insurance, along with hazard and flood after construction is complete, has also gone through the roof.

Projects simply don't pencil anymore. Low-density sprawl and 5+1 buildings seems to be the only thing economical for the time being.

I’ve always liked Jacksonville. But there are a number of Florida downtowns charging ahead, with big projects, that have to deal with the same complexities.

[C.]

Originally Posted by Dale

I’ve always liked Jacksonville. But there are a number of Florida downtowns charging ahead, with big projects, that have to deal with the same complexities.

Right. Jacksonville isn’t a Miami, Orlando or Tampa. Those markets are supporting new development. Jacksonville the numbers don’t pencil, so they’re not built.