COJ and UF take first major step towards LaVilla campus

[Jax_Developer]

Who did these appraisals? The values here make no sense.

Site A: ~1.25 acres & worth $3.25M
Site B: ~2.3 acres & worth $1.84M
Vestcor Lot: ~2.15 acres & worth $2.58M

Site A also has a lovely air restriction on it but is still valued at almost double per acre as two sites literally within a block of it with the same zoning, soils etc. Wild & explains some of the appraisals I've gotten here in Jax lmfao.

[thelakelander]

Those appraisals are crazy.  Lol at the Jax Terminal building parcel being only worth $1.68 million but that dusty Vestcor lot being $2.58 million.

[Jax_Developer]

Those appraisals are crazy.  Lol at the Jax Terminal building parcel being only worth $1.68 million but that dusty Vestcor lot being $2.58 million.

Glad I'm not the only one.. Where is that Jax Terminal Building parcel? Assuming its under the Convention Center Parcel ID?

[Ken_FSU]

[fsu813]

Who did these appraisals? The values here make no sense.

Site A: ~1.25 acres & worth $3.25M
Site B: ~2.3 acres & worth $1.84M
Vestcor Lot: ~2.15 acres & worth $2.58M

Site A also has a lovely air restriction on it but is still valued at almost double per acre as two sites literally within a block of it with the same zoning, soils etc. Wild & explains some of the appraisals I've gotten here in Jax lmfao.

If anything like home appraisals, then it's highly subjective. Beauty/opportunity is in the eye of the beholder.

[jcjohnpaint]

So disappointing that the campus will be separated from downtown by a gas station.

[heights unknown]

Maybe someone (Appraiser or Appraisal Company) was paid to come up with those numbers? Unbelievable. When I first seen them I too thought, "those numbers are too high."  I used to do appraisals in Dade county (1990's). I thought that the UF campus will be in downtown (though at the extreme western end); please explain why the gas station will separate the campus? Thanks.

[jcjohnpaint]

The Gate gas station they are building between broad and Jefferson

[Jax_Developer]

Who did these appraisals? The values here make no sense.

Site A: ~1.25 acres & worth $3.25M
Site B: ~2.3 acres & worth $1.84M
Vestcor Lot: ~2.15 acres & worth $2.58M

Site A also has a lovely air restriction on it but is still valued at almost double per acre as two sites literally within a block of it with the same zoning, soils etc. Wild & explains some of the appraisals I've gotten here in Jax lmfao.

If anything like home appraisals, then it's highly subjective. Beauty/opportunity is in the eye of the beholder.

Land is appraised based on what can be reasonably built. Things like zoning, environmental, or other limiting factors are how you would differentiate between the appraisal value between two vacant land parcels.

These parcels are basically identical in every capacity with the exception of "some" interpretation as to one being a superior location than another but in the end this is all supposed to be on the same campus. But, parcel A also had some of the air rights restricted by the Skyway. Meaning that out of those 3 parcels, the highest appraised parcel per square foot has the least economical air rights of all three parcels. These air rights matter for any building 2+ stories so pretty relevant.

Just really doesn't pencil in any logical way unless there's like intense remediation needed on Site B & the Vestcor lot but not the Site A lot? That doesn't really add up either. 

[thelakelander]

The Gate gas station they are building between broad and Jefferson

Its a good example of what happens when there's not an actual plan or vision being followed. The initial spot zoning that led to the gas station should have never been allowed to happen.

[fsu813]

The Gate gas station they are building between broad and Jefferson

You call it a Gate gas station.

I call it a locally owned bodega and craft brewery, where community gathers and memories are made, conveniently complimented by a shaded fuel station.

[jcjohnpaint]

And a dumpster on the corner.

[jaxlongtimer]

The Gate gas station they are building between broad and Jefferson

I recall it being a Daily's.  Which is it?

[thelakelander]

It will be a Daily's.

[Ken_FSU]

Anyone know what happened at City Council today with the Riverfront Plaza/Interline vote?

I think the meeting was at 1, but haven't heard any info yet.