Downtown Construction Update - July 2008

[Jason]

Although I know it is not in the urban core, but why arent any pictures about the construction at JIA on here?

If anyone has some post away.

[WhatsUpJacksonville]

"Amenities are pretty scarce.  Summer kitchen on the roof is about it. "

I think Churchwell's biggest "amenity" is its location - who cares if it doesn't have a fitness center, pool and other traditional amenities.  It is within walking distance of just about everything downtown.  Proximity to those things is basically why people move downtown anyways. 

I also have toured the property and homes - they are spectacular and for the size/location, I think reasonably priced.  Hopefully a restaurant or store moves into the ground floor.

[john stark]

I'm going to be flying out tomorrow so I'll try to snap some shots.  It may be a few days before I can post them though.

[fhrathore]

I'm going to be flying out tomorrow so I'll try to snap some shots.  It may be a few days before I can post them though.

Thanks John. Actually Ill be flying into Jax tomorrow so I will also try, but my camera is broken

[BridgeTroll]

"Amenities are pretty scarce.  Summer kitchen on the roof is about it. "

I think Churchwell's biggest "amenity" is its location - who cares if it doesn't have a fitness center, pool and other traditional amenities. 

I dont "care".... I was interested in what was in or included in the building...

[Basstacular]

I agree on the location, However an amenity is not the location in my opinion and when I was trying to sell one of these lofts to a gentleman from Orlando last week he could not commit because of the lack of amenities and price.  Currently the 2 / 2 's, which are 1300 square feet are in the $430,000 range and the 860 sq. ft. 1 / 1 's that sit  staring directly at a building on the north side are $280,000.  This buyer simply said I cannot commit to this high of a price with current market conditions.  We are talking about $330 / sq. ft, which I do not find unreasonable for this unique of a property in such an ideal spot  IF Bay Street continues to improve and become the "Entertainment District" and WHEN the courthouse finnally moves.  But currently the market doesn't support such high prices, as in the case of this one potential buyer. 

With around 16 left to sell, I would like to see some of them reduced to fill the building up a little with residents, then go for the prices they are seeking in 6 to 8 months.

[Basstacular]

I purchased a studio at BP2 for $260 / sq. ft.  A major reason was the amenities and being a new project, but the main reason being the price ($260 / sq. ft.).  I am 26 and a pool(s), work-out facility and concierge were extremely important to me.

[Ocklawaha]

Beautiful work, nice to see some post-modern going back up in the city. BTW, send me a PM with your contact information.

OCKLAWAHA

[thelakelander]

Great work.  I'll been meaning to get into Churchwell to get some images for a front page article, but I've been pretty busy lately.  Thanks for posting.

[BridgeTroll]

Thanx for the photos...

[Southbanker]

The pics of Churchwell look great.  Very charming and very unique.  I would consider it, but the prices do seem high for a Northbank location with little to no view.  It could be a great location if downtown finally develops, but the revitalization of downtown is something I have been hearing about for 10+ years.  At this rate of development (especially with the downturn) it will be a long time before a Northbank location becomes "highly desirable" unless you want to be near the homeless or a jail.

I live on the Southbank because the Northbank looks better from a distance.  For Churchwell prices you can get a Southbank condo with a view of the river and downtown.  Plus a balcony to enjoy it from.

[fhrathore]

Those lofts look FANTASTIC! What are the prices?

[Basstacular]

#406 - 859 sq. ft. - 1 BR - $279,175
#407 - 881 sq. ft. - 1 BR - $286,325
#202 - 1314 sq. ft. - 2 BR - $433,620
#204 - 1306 sq. ft. - 2 BR - $430,980
#302 - 1323 sq. ft. - 2 BR - $436,590
#305 - 1210 sq. ft. - 2 BR - $399,300
#402 - 2102 sq. ft. - 3 BR - $840,000
#404 - 2003 sq. ft. - 3 BR - $801,200

You can see the floor plans at www.churchwelllofts.net

[civil42806]

Ludicrous costs for the churchill lofts.  I can get a loft in downtown savannah for the upper end of that price range.  Where would you rather live downtown jax or downtown savannah.  Property prices downtown are inflated, you would think if the property is really that valuable, development would be springing up everywhere. 

[BridgeTroll]

Does seem a bit high...