Changing the Urban Landscape in 2014
(http://photos.metrojacksonville.com/photos/2980902245_SPSRL7X-M.jpg)
In 2013, several major construction projects broke ground in and around downtown Jacksonville for the first time since the 2008 economic downfall. Looking forward to 2014, here are five projects and points of discussion that have the potential to forever change Jacksonville's landscape.
Read More: http://www.metrojacksonville.com/article/2014-jan-changing-the-urban-landscape-in-2014
Does anyone know what / when this is coming??? First I'm hearing about it...
"we'll also see the construction of Jacksonville's first new highrise in recent years, a short walk away in Five Points"
^ http://www.metrojacksonville.com/article/2013-oct-beacon-riverside-renderings-released
Quote"we'll also see the construction of Jacksonville's first new highrise in recent years, a short walk away in Five Points"
Its Hallmark Partners new complex on the water in Riverside. The prices keep rising, I am told they will start at $1,000,000 which will make the Villa Riva properties look like a bargain, IF they sell at that price point. Known as the Beacon. Here is an article from the Business Journal:
http://www.bizjournals.com/jacksonville/news/2013/08/14/why-condos-why-riverside-inside.html?page=all (http://www.bizjournals.com/jacksonville/news/2013/08/14/why-condos-why-riverside-inside.html?page=all)
"Weber said the firm anticipates hitting that benchmark by the end of the year and commencing construction at the beginning of 2014."
They said they expect to start first quarter of this year. Somehow I don't see that happening, but if it does.... Wow that entire area will look completely different a year from now. That poor Publix parking lot is going to burst at the seams even with the Fresh Market going in.... Where am I supposed to park? lol
Yeah, Florida is kicking into high gear with rail-based transit. Very anxious to see how SunRail and AAF perform when complete, and hopefully JTA can get the skyway into Brooklyn and San Marco soon enough.
The Sunrail will compete with the Amtrak service?
no not really. i doubt very many people ride amtrak from Orlando to Sanford, which is about the extent of the Sunrail line.
Yeah, Sunrail won't compete with Amtrak but All Aboard Florida will.
as an owner of several lots with old houses on them as well as larger lot in brooklyn > i have been contacted by some executives about my real estate and they are trying to buy up land in the brooklyn area? has anyone heard of more developments coming to brooklyn?
I believe a hotel is being proposed near Forest Street, between 220 Riverside and Park Street. I suspect that some are trying to assemble as much land around the neighborhood as possible for future development.
Take it with a grain of salt, but I heard from the Unity Plaza developers that they were trying to procure the land north of Unity Plaza for greenspace. However, we also heard previously that that would be where a future hotel would go too.
btw, if i were you I'd hold onto it and consider developing your own commercial space there.
^^^I'd find a partner if you aren't experienced or if you don't really have the capacity to devote 100% of your time developing it. You can contribute the land as equity and receive a solid/safe return. Likely you'll be a minority partner, but you won't be the GP, which means you can sit back and simply make certain important calls based on what kind of agreement you negotiate for yourself.
If demand is that serious for your land, I'd put out an RFP with contacts you've made. That way you can immediately see more serious proposals that people have in mind for your land, what their timeframe would be, their prior experience, who they'll be using for architect/financing (you can see past relationships), etc. You can also discuss your financial requirements up front. So right off the bat you start to align your own interests for your own site (via selection), but you don't have to do the heavy lifting.
You can always consult your fellow posters here on MJ about anything you do/hear ;)
Quote from: simms3 on May 04, 2014, 04:17:21 AM
^^^I'd find a partner if you aren't experienced or if you don't really have the capacity to devote 100% of your time developing it. You can contribute the land as equity and receive a solid/safe return. Likely you'll be a minority partner, but you won't be the GP, which means you can sit back and simply make certain important calls based on what kind of agreement you negotiate for yourself.
If demand is that serious for your land, I'd put out an RFP with contacts you've made. That way you can immediately see more serious proposals that people have in mind for your land, what their timeframe would be, their prior experience, who they'll be using for architect/financing (you can see past relationships), etc. You can also discuss your financial requirements up front. So right off the bat you start to align your own interests for your own site (via selection), but you don't have to do the heavy lifting.
You can always consult your fellow posters here on MJ about anything you do/hear ;)
+1
Quote from: ProjectMaximus on May 04, 2014, 02:55:19 AM
Take it with a grain of salt, but I heard from the Unity Plaza developers that they were trying to procure the land north of Unity Plaza for greenspace. However, we also heard previously that that would be where a future hotel would go too.
btw, if i were you I'd hold onto it and consider developing your own commercial space there.
my understanding is the parcel will be a hotel...but with about 1 acre of greenspace that can be connected to Unity Plaza
Makes sense. My grain of salt comment isn't that they are lying or there's some kind of contradiction, but moreso that developers tend to overstate the certainty of their plans.