Beacon Riverside Renderings Released

[thelakelander]

The Beacon Riverside, a planned 15-story luxury condominium in Riverside on the St. Johns River, is moving forward incrementally.
The project's developer NAI Hallmark Partners Inc., through affiliate HP 500 LLC, applied for a foundation permit last week.

Hallmark senior vice president Coen Purvis said the permit is part of a "natural progression" for Beacon Riverside.

The company finished a bulkhead and dock late last year, and has submitted plans for horizontal development in addition to the foundation application.

http://www.jaxdailyrecord.com/showstory.php?Story_id=545200

[acme54321]

Nice,  I was wondering about this project the other day.

[mtraininjax]

With the official opening of 220 Riverside, we are now hearing from the same group that opened the 220 Riverside deal, that their financiers have taken "ill" and do not wish to move ahead with the Beacon at this time. Lots going on in the global economy, so it could be health or financial health too, but word is that The Beacon is on "pause".....

[Dapperdan]

Is 220 not doing as well as hoped as far as rentals? Strange that they are getting cold feet now in an area that appears to be hot.

[mtraininjax]

From the Times Union:

The 220 Riverside apartment community in the Brooklyn neighborhood of Jacksonville, FL celebrated a grand opening and ribbon cutting on Thursday August 20, 2015. The six floor complex is already almost half occupied and another 25% have been leased.

I saw where it was only 44% leased. The rents are higher than that on the Southside or other areas, you are a pioneer at the moment, yeah a few trendy things in the neighborhood but Park Street is still kind of a "land that time forgot" part of the neighborhood. You don't see a lot of that on the Southside, nice on one block and DMZ on the same block.

[fieldafm]

I saw where it was only 44% leased

That has more to do with the fact that all of the units aren't completely finished. By this time next year, the occupancy will be quite healthy.

Park Street is still kind of a "land that time forgot"

Expect to hear of about 4 large projects along Park in the coming months.

[MusicMan]

As things stand, resale of units at Villa Rive are satisfying the demand for high end condos (+$1,000,000)  in Riverside.

[Captain Zissou]

Park Street is still kind of a "land that time forgot"

Expect to hear of about 4 large projects along Park in the coming months.

I hate when you tease projects.  I'm not a patient man!!!!

[CCMjax]

From the Times Union:

The 220 Riverside apartment community in the Brooklyn neighborhood of Jacksonville, FL celebrated a grand opening and ribbon cutting on Thursday August 20, 2015. The six floor complex is already almost half occupied and another 25% have been leased.

I saw where it was only 44% leased. The rents are higher than that on the Southside or other areas, you are a pioneer at the moment, yeah a few trendy things in the neighborhood but Park Street is still kind of a "land that time forgot" part of the neighborhood. You don't see a lot of that on the Southside, nice on one block and DMZ on the same block.

220 and Beacon are two totally different target markets.  One is reasonably priced apartments for working professionals and the other is supposedly luxury condos $1 million+.  I can understand why the luxury condos are not getting the green light yet but as far as the apartments, they should do alright.  More people will move in when the plaza is done and the buildouts are complete and restaurants start occupying them. 

Mtrain, the Southside is not an urban neighborhood, it is suburban no matter which way you look at it so it's not really comparing apples to apples.  If someone wants the closest thing to urban that exists in Jax I would not suggest looking anywhere on the Southside.  Brooklyn is a transitioning neighborhood right next to DT, I guess you could call it urban.  Go to any transitioning urban neighborhood in any city and you will see blight or underused space a block away from new developments popping up.  Like the other poster commented on, we will see a few projects pop up on Park Street soon as the area continues to transition.  This stuff doesn't happen over night.

[Charles Hunter]

Park Street - a Gate gas station/convenience store at Forest, where 2 Doors Down is now?

[Dapperdan]

I think I remember now. Isn't 220 going to build another apartment building on the 220 property soon as well?

[CCMjax]

I think I remember now. Isn't 220 going to build another apartment building on the 220 property soon as well?

The vacant portion of the current property is reserved for 200 Riverside, essentially the same thing as 220 and will add something like 150 to 200 more apartments.  Not sure what exactly needs to happen before that gets the green light, I would imaging 220 and the Brooklyn need to fill up first. 

[billy]

Any reports on how leasing is going?

[jaxnyc79]

From the Times Union:

The 220 Riverside apartment community in the Brooklyn neighborhood of Jacksonville, FL celebrated a grand opening and ribbon cutting on Thursday August 20, 2015. The six floor complex is already almost half occupied and another 25% have been leased.

I saw where it was only 44% leased. The rents are higher than that on the Southside or other areas, you are a pioneer at the moment, yeah a few trendy things in the neighborhood but Park Street is still kind of a "land that time forgot" part of the neighborhood. You don't see a lot of that on the Southside, nice on one block and DMZ on the same block.

Things are just more spread out on the Southside.  Drive into neighborhoods behind the strip malls along parts of Beach Boulevard: a wonderful mix of overgrown lawns, rundown trailers, and ill-kempt cinder block homes...lovely.

[jaxnyc79]

I think I remember now. Isn't 220 going to build another apartment building on the 220 property soon as well?

The vacant portion of the current property is reserved for 200 Riverside, essentially the same thing as 220 and will add something like 150 to 200 more apartments.  Not sure what exactly needs to happen before that gets the green light, I would imaging 220 and the Brooklyn need to fill up first.

Currently in the city center of a vibrant Montreal in Summer.  Right near the Contemporary Art Museum is a fashion festival with crowds, beer-drinkers, eccentrics, and overall a ton of street life.  Montreal has a vast and DENSE array of modest apartments and homes right in the center of town, feeding the life of the city.  Can't Jax have thriving and DENSE/WALKABLE urban core communities of middle-class apartments, town homes, and homes?  Of course, there has to be security, lighting, and some decent parks.  But where are brand new 700-900 per month apartments in the urban core?  What transit-oriented developments are under way in Jax?