Million dollar condos coming to Riverside

[simms3]

Actually CityLife I agree with you and this is only 55 units.  I do caution that a development like this will not likely increase foot traffic or the urbanity of the area, but it's nice to see new development from the group that I've consistently called Jacksonville's true only hometown hero developer.

cline - villariva is full, and is the address for the city's elite who remain in the city.

I really hope this new development is not like villariva or the rendering above.  I hope that because it is in Riverside/5 Points area it can be a little more modern and appeal to a younger, hipper person.  Maybe successful singles (though the unit sizes suggest mansions in the sky unfortunately).  Please no spray on stucco!!!!

[tufsu1]

cline - villariva is full, and is the address for the city's elite who remain in the city.

really...who knew?

[cline]

cline - villariva is full, and is the address for the city's elite who remain in the city.

Tower of Power!

Look, I'm all in support of this thing.  I'm just throwing some questions out there.  I know HP knows what they're doing.

The big question is...will it have boat slips and will Noone be able to park his boat there for free?

[CityLife]

Here's a good article from the JBJ with a little more insight into the project

http://www.bizjournals.com/jacksonville/news/2013/08/14/why-condos-why-riverside-inside.html

My favorite part

And there's likely more to come. Coley said Hallmark will continue to look to expand its multifamily footprint in Jacksonville, with Weber continuing to look for infill opportunities.

[simms3]

I guess this is the development Stephendare hinted about a while back.

The bigger question is what was Stephen's source?  He did a good job keeping information confidential while still piquing everyone's interest.  Could the principal Coley of Hallmark be related to Stephen's friend Bella Coley who launched the Hempseed vodka last year?

http://www.metrojacksonville.com/article/2012-mar-jax-native-bella-coley-launches-hemp-seed-vodka

eh?  I believe Bella also helps out with MetroJacksonville (with videos) if I'm reading correctly.

[simms3]

cline - villariva is full, and is the address for the city's elite who remain in the city.

really...who knew?

Love your constant sarcasm...actually I can't tell if that's sarcasm or a neutral inquisitive response.  Given our online relationship, I'll go with sarcasm.

[thelakelander]

I guess this is the development Stephendare hinted about a while back.

The bigger question is what was Stephen's source?  He did a good job keeping information confidential while still piquing everyone's interest.  Could the principal Coley of Hallmark be related to Stephen's friend Bella Coley who launched the Hempseed vodka last year?

http://www.metrojacksonville.com/article/2012-mar-jax-native-bella-coley-launches-hemp-seed-vodka

eh?  I believe Bella also helps out with MetroJacksonville (with videos) if I'm reading correctly.

Bella is Stephen's sister.

[simms3]

^^Nice!  It was worth a guess

[Captain Zissou]

Leaving room for the future riverwalk?

With the first 2 floors being parking garage, I don't see why they couldn't leave a little space on the site for a riverwalk

[John P]

That is exciting. I didnt know the land was for sale.

[Dog Walker]

Coley is very excited, proud and enthusiastic about his new projects.  He is going to have an apartment in 220 himself.

[ProjectMaximus]

Awesome. Lots of talk (deservedly so) of many other neighborhoods improving and getting over that hump, but even Riverside still has lots of room for growth and is constantly improving.

Why is there a market for multifamily condos while the East San Marco project languishes with no light at the end of the tunnel??

[dougskiles]

Why is there a market for multifamily condos while the East San Marco project languishes with no light at the end of the tunnel??

My guess is that East San Marco's dilemma has something to do with how much they have invested in the land.  Remember that they purchased this property at the peak of the market and still own it.  Many of the projects we seem coming out of the ground today were purchased after the crash at reset values from the banks.

It will be interesting to watch the progress of this project.  I didn't see any mention of the rezoning process.  The property is zoned PUD.

[thelakelander]

^This property was already zoned and approved for a much larger tower back around 2006.

[mtraininjax]

lots of people who do planning for a living in the City knew about this rumor. Simms3 - We will order the spray on Stucco now, as we know its coming. Should be great for Riverside, VR is full and it looks good, to me, as do the other buildings there along the Riverside point. Whatever is built, will be fine, the view is what is being sold.