220 Riverside: A Sneak Peak Inside
(http://photos.metrojacksonville.com/photos/3151379645_PBLfg6r-M.jpg)
Now preleasing, 220 Riverside is an urban residential community that includes retail space, water views, underground parking, restaurants, cutting-edge technology and a park called Unity Plaza. Situated at the intersection of Riverside Avenue and Forest Street, many believe the project could be a "game changer" for infill development in Jacksonville's urban core. Anticipated to be completed this Fall, here is a look at where things stand as of April 2014.
Read More: http://www.metrojacksonville.com/article/2014-apr-220-riverside-a-sneak-peak-inside
It looks awesome! And, I've already signed my lease.
However, I feel like the giant hole in the ground in the middle of Unity Plaza is kind of a waste...
Wouldn't more greenspace be better?
What hole? The pre-existing retention pond?
Quote from: thelakelander on April 08, 2014, 07:53:35 AM
What hole? The pre-existing retention pond?
Yes. It just seems like poor use of the space, that's all.
I think it's either have a retention pond or construct an expensive storm water utility.
Quote from: urbanlibertarian on April 08, 2014, 08:51:42 AM
I think it's either have a retention pond or construct an expensive storm water utility.
Well the, in that case, I guess I prefer it. :)
I went and looked at the apartments and while it is a wonderful building and a very welcome addition to the neighborhood I was put off by what I considered to be very high rent for a relatively small apartment.
^You've got to look at the cost of the development's construction and it's amenities. Unlike most apartment complexes around town, it has a parking garage (this is expensive to build), 18k square feet of retail/dining/entertainment and a public square that will be programmed with events for the majority of the year. You're also a block away from the river and will be within walking distance of another 70,000 square feet of retail (including a full line grocery store). In essence, the neighborhood around you becomes your living room. You're not going to find this type of situation at your typical Southside stick apartment complex.
Quote from: Stephen on April 08, 2014, 09:04:48 AM
I went and looked at the apartments and while it is a wonderful building and a very welcome addition to the neighborhood I was put off by what I considered to be very high rent for a relatively small apartment.
What are the lease rates?
Quote from: johnnyliar on April 08, 2014, 07:46:23 AM
It looks awesome! And, I've already signed my lease.
However, I feel like the giant hole in the ground in the middle of Unity Plaza is kind of a waste...
Wouldn't more greenspace be better?
I have been told (though I didn't press for more details so I'm not sure how solid this info is) that they were negotiating to acquire more land north of Unity Plaza to turn into greenspace.
Quote from: urbanlibertarian on April 08, 2014, 10:19:24 AM
What are the lease rates?
They seem to range from $1070 (interior, small 1 bedroom) to $1830 (largest 2 bedroom) but I could see the high end going even higher cause they aren't showing prices for the top floors.
http://www.220riversideapartments.com/#pre-lease-marker
no balconies?
Quote from: fsquid on April 08, 2014, 02:16:07 PM
no balconies?
There are definitely balconies. You can see them extending from the floor in the pictures...
I would have had love to stay if I didnt have my house now. Welp I guess I will continue to pay my $574.00 a month and be happy LOL But seriously I am beyond happy for whats happening for DT and its surrounding areas right now. With such close proxmity to downtown this will definately help breath some life into the north bank as well. Atleast I hope it does.
It looks like the smaller apartments are comparable in size and price to what they're trying to do in the Barnett. There are a number of apartments that are this size and price range on the Southside, and this one will be even closer (walking distance) to retail and employers than those are, not to mention everything in Riverside, Downtown, and San Marco. It will be interesting to see how this plays out, but I have a feeling it will do just fine.
Quote from: ProjectMaximus on April 08, 2014, 11:07:48 AM
Quote from: urbanlibertarian on April 08, 2014, 10:19:24 AM
What are the lease rates?
They seem to range from $1070 (interior, small 1 bedroom) to $1830 (largest 2 bedroom) but I could see the high end going even higher cause they aren't showing prices for the top floors.
http://www.220riversideapartments.com/#pre-lease-marker
Good luck with those prices in that area.
^I'm sure the prices are probably comparable to the new apartment complexes in SJTC's parking lot that happen to back right up against JTB of all things. If they can work in the middle of a surface parking lot, overlooking a 10 lanes of asphalt, they can work on Riverside Avenue a block from the river.
Quote from: thelakelander on April 08, 2014, 04:34:16 PM
^I'm sure the prices are probably comparable to the new apartment complexes in SJTC's parking lot that happen to back right up against JTB of all things. If they can work in the middle of a surface parking lot, overlooking a 10 lanes of asphalt, they can work on Riverside Avenue a block from the river.
Maybe. I'm not familiar with the ones at SJTC. Are all the shops easily accessible? As much as I personally hate that whole setup, having access to all those things around the area would make a difference in rent costs. Basically all you'd have on that side of Riverside Ave would be the shops in the complex itself, Prime Osborn in one direction & sporadic businesses (and blight) in the others, with not much walkability or transit (two things people look for in an urban environment to justify the cost). Plus, lots of people see the SJTC area as having "made it", whereas Riverside Ave is "up and coming".
Don't get me wrong, I hope it's all successful. I just think the price is a bit high for that area right now. You'd have to fall into a certain niche to pay that right now being where & what it is at this moment IMO. Once it develops further, gets a Skyway station, etc then that would be another story. I think it'll struggle in the meantime though, although I hope I'm wrong about that.
With the places at SJTC, you're still driving to get to the grocery store, work, parks and mostly everything else. You can walk to a few restaurants but other than that, you'd have to walk across acres of hot, tree-less and sidewalk-less asphalt to actually make it to some shops. Walkability will be much better than SJTC when the Brooklyn developments are completed later this year.
Cheapest thing I found just now is a 1/1 for $1038 in the Uptown at St John's. So it's slightly larger and cheaper than the 220 Riverside.
While I think Lake is underestimating the walkability of that area of the Town Center slightly, the point is still that the area is totally auto-dependent for most people's daily lives. 220 Riverside has the potential to allow a lot of people to go carless on some days.
I think it's definitely going to be a matter of what people perceive, not only what the actual benefits are. But to extend the Town Center comparison, another thing it has going for it is all the employers across the street. Few places can offer that, and certainly none on the Southside. And even besides all the retail that will be in walking distance, it's also not any farther from 5 points than most of those Town Center apartments are from the other parts of the mall. We shall see.
Employers across the street and downtown, via a short walk bus ride skyway stop etc. Heck that was a selling point for me on my latest job in the city 4 miles (10-15 minutes) or 25 mile drive a day (30-60 minutes). Although I will say the bus ride home is almost too short to enjoy.
I think it is priced right for what that area js about to be within a year or two. If i were in the market fir an apartment i would much rather live there than SJTC. The biggest drawback to SJTC other than the shopping mall feel you get with all the surface parking is the fact that the traffic design is horrible. Everyone comes in and out from one side of the development because it is pinned in by freeway on two sides. Congestion is a nightmare and i lose my mind every time my wife takes me there. You need ways in and out in all directions for a development of that size. I couldnt imagine living there with jammed parking lots on one side and busy interstate on the other. I'd take the river and a view of downtown over that and gladly pay a little more. 220 Riverside will do fine and when successful will lead to more infill projects once curious investors see the results.
JDR article: Projects like 220 Riverside leading return of commercial real estate.
www.jaxdailyrecord.com/showstory.php?Story_id=542826
220 Riverside and the new Whole Foods will really reinvigorate that area. Hopefully, they'll install attractive, park line landscape to connect the Prime Osborne Convention Center with the Whole Foods and 220 Riverside complexes.
Over time, the historic Brooklyn area around there can come back alive. The few historical buidlings can be revitalized with adaptive reuses and there is plenty of infil lots that are practically a blank sheet to build and create a vital and vibrant neightborood that can connect downtown, the convention center, the Riverwalk, offices on Riverside, the Cummer and the 5-Points distict in Riverside.
^I agree. But whats with people on MJ calling it Whole Foods instead of Fresh Market? Is this contagious? Lol. Sure they are somewhat similar and primary competitors, but it's Fresh Market people.
Thanks! ;D
(Actually, it might be The Fresh Market)
Quote from: jaxlore on April 09, 2014, 09:31:32 AM
Employers across the street and downtown, via a short walk bus ride skyway stop etc. Heck that was a selling point for me on my latest job in the city 4 miles (10-15 minutes) or 25 mile drive a day (30-60 minutes). Although I will say the bus ride home is almost too short to enjoy.
Right! imagine of you worked at LPS, or Flordia BLue and move in 220 Riverside. The savings in gas alone would compensate for the slightly higher rent. There is a market for this type of development. It will be successful.
Quote from: urbanlibertarian on April 08, 2014, 08:51:42 AM
I think it's either have a retention pond or construct an expensive storm water utility.
Yea there is some weird code on that... So the pond will be way better provided they do not have to chain link it off like is usually seen.
Is there plans with interior renderings online?
It already is fenced. No chain link but tasteful. You can see pictures of it actually on the Unity Plaza thread on here.
oh good! There is nothing more unsightly than a 10 foot fence in the middle of a parking lot. I get the hazard factor but gee there gotta be another way haha.
Any word on the commercial tenants yet? I mistakenly asked this question in the wrong thread. Just seemed like in April Coley seemed to indicate they would be announced very short term.
Per story on JBJ the winner of Top,Chef, Season 7 from Philly will open a restaurant in 220 Riverside. Excellent news!
That sounds pretty sweet.
Nice. Here's a link:
(http://www.sbragadining.com/sbraga/wp-content/uploads/sites/2/2013/10/Sbraga_Lifestyle_1063_WEB_-1_resized.jpg)
QuoteSbraga has two restaurants in Philadelphia. His award-winning namesake eatery, Sbraga, was named one of Esquire magazine's "best new restaurants." The Fat Ham, which opened in December, takes inspiration from Southern country cooking.
Coley said the tentative opening date for the restaurant is in February. While he doesn't know what will be on the menu yet, he said he knows it will be special.
http://www.bizjournals.com/jacksonville/news/2014/07/30/celebrity-chef-coming-to-220-riverside.html
Sbraga website:
http://www.sbragadining.com/
Pretty cool
Times are changing in JAX!