Proposed redevelopment for CenterState Bank property in Riverside scrapped

Started by thelakelander, December 27, 2018, 10:34:43 AM

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Charles Hunter

#15
December 27, 2018, 10:04:50 PM
I don't know if it was offered on the open market. If I remember correctly CenterState got the whole parcel when they acquired First Guaranty Bank.

lowlyplanner

#16
December 28, 2018, 09:01:38 AM
The parcel was part of the assets of First Guaranty, that Centerstate acquired during the recession.

For the proposal that I saw, the developer was a longtime acquaintance of someone at Centerstate.  I don't think it ever hit the open market.

Captain Zissou

#17
December 28, 2018, 09:33:49 AM Last Edit: December 28, 2018, 09:35:27 AM by Captain Zissou
To put some actual numbers behind what Music Man said, SoBa is 144 units and 221 parking spaces in structured parking on 1.9 acres. This includes 2 courtyards in the middle of the building and 4 floors of residential.  This property is just under 3 acres and 118 units, but has to include a bank on the property.

I'm guessing this project would not have structured parking, so that would be a tight squeeze with the bank on this property.  A 3 story U shaped structure fronting Park, King, and Frederica place wrapped around a garage with rooftop green space and the bank fronting Lydia and King with dedicated spaces in the garage and a drive through on Lydia would work. Bell Riverside has a big portion that is like this and it works well.  I lived on a ground floor unit that faced the garage.  It wasn't amazing, but I was barely there and the location more than made up for the lack of view.

lowlyplanner

#18
December 28, 2018, 01:18:54 PM
I guess my question would be: Can't we do a better job than a somewhat mediocre project that was built almost 20 years ago, in an area that was then considered kind of sketchy?

If King Street were picked up and placed in Atlanta, Orlando, Tampa, etc. I think developers would be dying to build a 4 story mixed use project on this site.  I think the neighborhood would get behind something like that.

The fact that the property has never really been marketed suggests that we have not seen the highest and best proposal just yet...

thelakelander

#20
January 01, 2019, 10:42:08 PM
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life." - Muhammad Ali

Steve

#21
January 02, 2019, 02:32:38 PM
Quote from: JeffreyS on December 27, 2018, 05:48:23 PM
I was at a holiday party during luminaria in my neighborhood Avondale.  We were talking about this project likely not going forward. Five different home owners from the area all thought RAP was wrong to oppose this.  I wonder if RAP may be getting a bit out of touch.  Wonderful group but sometimes I think other than chain stores they have suburb envy. I am not sure how high the proposed building were.

Not sure I agree. Having been on the RAP board for 6 years and a former resident of Riverside, I tend to think that RAP actually has a good pulse n the neighborhood. Personally, I don't mind density but the neighborhood clearly isn't a fan. Plus, the project wasn't exactly mindblowing. There are like 5 streets in all of Riverside and Avondale (excluding the "Urban Transition Area" which is basically everything east of 5 Points) that really scream retail and this was one of them.

RAP has a reputation that if a project is killed in the neighborhood, the project was amazing and RAP sucks. In my time on the board there were definitely some things that RAP got wrong (some at the time I thought were wrong decisions, some I thought were the right decisions but hindsight shows maybe they weren't). This I thought they got right.

Tacachale

#22
January 02, 2019, 03:09:58 PM
^RAP was definitely wrong on that one. It's been happening a good bit lately.
Do you believe that when the blue jay or another bird sings and the body is trembling, that is a signal that people are coming or something important is about to happen?

jaxnyc79

#23
January 02, 2019, 09:05:16 PM
Five Points is a slice of something that could be a national draw in Jax.  It just needs scale.  It's too small to be a traveler's priority.  Any chance of a Five Points East along Park Street in Brooklyn?  A continuation of the funky design of Five Points West of the Interstate.  Are we too far gone?

thelakelander

#24
January 02, 2019, 09:53:08 PM
It's possible to build more density in Brooklyn. However, for it to be cohesive, we'll have to find away to stop allowing most of the new developments to have surface parking between their front door and the sidewalk. If not, we'll turn Brooklyn into an urban form of Gate Parkway or Deerwood Park Boulevard.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life." - Muhammad Ali

jaxnyc79

#25
January 02, 2019, 10:00:06 PM
Quote from: thelakelander on January 02, 2019, 09:53:08 PM
It's possible to build more density in Brooklyn. However, for it to be cohesive, we'll have to find away to stop allowing most of the new developments to have surface parking between their front door and the sidewalk. If not, we'll turn Brooklyn into an urban form of Gate Parkway or Deerwood Park Boulevard.

I agree, but I thought Brooklyn was protected from that with current requirements?  Overlay or otherwise.  Also, hopefully Lori Boyer's new project addresses that.

thelakelander

#26
January 02, 2019, 10:16:30 PM
Hopefully. But what's currently in place didn't protect Gate from putting in a big suburban gas station or Marriott winning approval for adding a surface parking lot between their proposed hotel and Unity Plaza.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life." - Muhammad Ali

acme54321

#27
January 03, 2019, 12:08:50 AM Last Edit: January 03, 2019, 09:41:18 AM by acme54321
Quote from: jaxnyc79 on January 02, 2019, 09:05:16 PM
Five Points is a slice of something that could be a national draw in Jax.  It just needs scale.  It's too small to be a traveler's priority.  Any chance of a Five Points East along Park Street in Brooklyn?  A continuation of the funky design of Five Points West of the Interstate.  Are we too far gone?

There are like 4 blocks between 5 points and Riverside Ave that are nothing but random single story office buildings, surface lots, and retirement towers.  Talk about potential.

Captain Zissou

#28
January 03, 2019, 09:01:46 AM
Quote from: jaxnyc79 on January 02, 2019, 09:05:16 PM
Five Points is a slice of something that could be a national draw in Jax.  It just needs scale.  It's too small to be a traveler's priority.  Any chance of a Five Points East along Park Street in Brooklyn?  A continuation of the funky design of Five Points West of the Interstate.  Are we too far gone?

The huge grass lot owned by Riverside Presbyterian is ready to be developed, as are the surface lots along Oak and Post.  If we can see Lomax, Oak, and Post get developed with walkable retail and multifamily, I think that would be a great first step.

Kerry

#29
January 04, 2019, 09:56:01 AM
Gotta say, I am kind of happy to see the critical comments about RAP.  I personally have a higher level of disdain for them than the average bear, to the point that I would probably help work with a counter-group that was pro-growth, pro-density, and pro-affordable housing.  Since the area is one of the top destinations for millennials in the country it probably wouldn't be hard to get them all aboard.  They are being misrepresented by RAP.
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