Riverfront Jacksonville: $1.1 billion Master Plan

[thelakelander]

Developer adds high-rise to riverfront master plan



The SouthEast Development Group adds 300 multifamily units to Riverfront Jacksonville Master Plan. Changes are said to reflect market demand for more housing.

Read More: https://www.thejaxsonmag.com/article/developer-adds-high-rise-to-riverfront-master-plan/

[marcuscnelson]

Are they replacing the Hyatt?  It looks like it, but I can't tell for sure.

No, the Hyatt is to the right of the area shown in the rendering. The parking garage/former state building is getting replaced, which is about where the yachts are.

Anyway, I think this is a good move. 1000 new units right in the heart of the Northbank would be absolutely incredible.

[acme54321]

This is all talk right?  I mean, until I see some type of agreement with the city on this it's just a bunch of hot air.  Southeast has done a great job with the Barnett but they have been struggling for year to get the Trio off the ground.  I'd love to see this but come on...

[Zac T]

This is all talk right?  I mean, until I see some type of agreement with the city on this it's just a bunch of hot air.  Southeast has done a great job with the Barnett but they have been struggling for year to get the Trio off the ground.  I'd love to see this but come on...

Expect a formal proposal to be submitted to the DIA before the end of summer

[CityLife]

This is all talk right?  I mean, until I see some type of agreement with the city on this it's just a bunch of hot air.  Southeast has done a great job with the Barnett but they have been struggling for year to get the Trio off the ground.  I'd love to see this but come on...

Expect a formal proposal to be submitted to the DIA before the end of summer

Hopefully they have a Plan A (including the Landing) and Plan B (excluding Landing).

[heights unknown]

Southeast Development announced the addition of 300 residential units to their master plan, increasing the total number of units to 1,005. This includes 255 additional market-rate apartments and 45 condos. 

Really great step towards increasing the density and viability of this project.  I think Perkins & Will has a better plan for the Landing park but everything else in Southeast's plan looks great. If the city embraces it, I think this would be a major win for downtown and the riverfront especially when you factor in the potential park at the Shipyards and a forthcoming proposal from Fuqua for the TU property. Jax finally embracing the St Johns River might end up being the best thing to come out of the 2020's.

Here's updated renderings:

I agree, nice rendering and addition and hope the Council embraces it and it moves forward unless world war 3 breaks out; let's hope and pray that doesn't happen. Or...the economy tanks...hope and pray that doesn't happen either. I like what I see. A decent "height" and more density on the Northbank Riverfront!

[landfall]

This is all talk right?  I mean, until I see some type of agreement with the city on this it's just a bunch of hot air.  Southeast has done a great job with the Barnett but they have been struggling for year to get the Trio off the ground.  I'd love to see this but come on...

Yeah. A couple of other people have echoed your thoughts on here. They've struggled to get the trio renovations going yet we're expecting them to be capable of firing up 10 (11 now?) buildings and a whole newly landscaped riverfront?

The idea is great, but in a practical sense I am a bit sceptical they have it in them to deliver this.

[Fallen Buckeye]

I'm a bit skeptical, too, but the one thing that makes this project easier is the fact they won't have to get the NPS sign-off like with the Laura St. Trio. One less beauracracy to navigate.

[Papa33]

Maybe SouthEast's end game is something short of the Full Monty.  It's hard for me to think that they themselves believe they would ever develop and build everything in their plan.

[jcjohnpaint]

Personally, I wish they would just focus on the trio for now.

[Florida Power And Light]

Public Waterfront property too valuable to be consigned to private residence. No matter what " Demand".What a Classic Planner and Consult Crook.Crock. Easy to round up investors..... to " Fight" such a proposal.
The demand for public waterfront property place preeminent.

[jaxoNOLE]

I get the skepticism, but this beats the pants off the embarrassing Spandrel debacle. The DIA should happily engage on any proposal and adjust the scope to fit in with THEIR strategy. Just like the Four Seasons, this will require a 30 day disposition for competitive bids if it moves forward. If there's competition during that time, we can always hit pause and rethink.

[Ken_FSU]

I've got full faith that Southeast can pull this off over the course of a decade. And I also don't hold the Trio delay against them. Barnett was way more expensive than originally planned and I don't blame them for going back for a revised incentives package. Bigger issue here is obviously whether the city is willing to borrow over half a billion dollars from Goldman Sachs to see the plan through.

[marcuscnelson]

So it sounds like they're starting over with Spandrel.

https://www.jaxdailyrecord.com/article/dia-could-start-over-on-the-ford-on-bay-site-redevelopment

Downtown Investment Authority CEO Lori Boyer said Aug. 6 she will recommend the agency's board put The Ford on Bay property back on the market as the project's developer seeks changes to its proposal.

A DIA board committee could vote as soon as Aug. 13 to terminate the agency's tentative agreement with New York City-based Spandrel Development Partners LLC, according to meeting agenda documents released Aug. 6.

I spoke with Jake Gordon a few weeks ago, and he gave a very unsatisfying answer as to why the DIA was dragging its feet on responding to Southeast's proposal. Essentially a whole thing about plans being interrupted and how would you feel if someone wanted to build your house for you, or whatever.

[landfall]

Get fucked Spandrel. You screwed around long enough on what was an average proposal at best for a prime site.