This month's resident has an article about a 5 story, 50 unit apartment building someone is planning to put in at 1444 Holmes St. I haven't seen anything on it here. Anyone have any more info? The article makes it sound like it's very early on in the process. It's on page 5.
Home St, not Holmes, for anyone else scratching their heads at where Holmes is. I haven't heard anything about it, but there are a couple of acres (combined) of empty lots behind Tidbits & the Home Street loft... great location other than being on top of I95. I'll have to look for the article.
(http://photos.metrojacksonville.com/Other/Misc2/i-5SX4sCv/0/O/Southbank%20Apartments%20-%20Resident-1.jpg)
More, including a story about other Southbank projects and Vitti willing to consider moving the school board building here: http://www.pageturnpro.com/Resident-News-Group,-Inc/44774-Resident-News-San-Marco-January-2016/index.html#4
Quote from: blfair on January 04, 2016, 08:45:31 AM
Home St, not Holmes, for anyone else scratching their heads at where Holmes is. I haven't heard anything about it, but there are a couple of acres (combined) of empty lots behind Tidbits & the Home Street loft... great location other than being on top of I95. I'll have to look for the article.
Yeah my bad. It would be a nice location except for 95 like you mentioned. We'll see if anything comes out of it.
Because Doctors are great Real Estate Developers.....
Quote from: mtraininjax on January 07, 2016, 02:00:19 AM
Because Doctors are great Real Estate Developers.....
I would assume he isn't working on this all by his lonesome
He's been sitting on it for 12 years? WOW.
One thing many Doctors do have is CASH. An important prerequisite for developing Real Estate.
From the article:
"We're moving forward, we just don't have anything definitive yet."
Sounds like San Marco Publix...................
Quote from: acme54321 on January 04, 2016, 09:41:27 AM
Quote from: blfair on January 04, 2016, 08:45:31 AM
Home St, not Holmes, for anyone else scratching their heads at where Holmes is. I haven't heard anything about it, but there are a couple of acres (combined) of empty lots behind Tidbits & the Home Street loft... great location other than being on top of I95. I'll have to look for the article.
Yeah my bad. It would be a nice location except for 95 like you mentioned. We'll see if anything comes out of it.
The Home St side of that lot I think is far enough away from the freeway to not take away too much value. Especially if the views are mostly directed the other way. I wish them luck.
Quote from: CCMjax on January 15, 2016, 10:26:32 AM
Quote from: acme54321 on January 04, 2016, 09:41:27 AM
Quote from: blfair on January 04, 2016, 08:45:31 AM
Home St, not Holmes, for anyone else scratching their heads at where Holmes is. I haven't heard anything about it, but there are a couple of acres (combined) of empty lots behind Tidbits & the Home Street loft... great location other than being on top of I95. I'll have to look for the article.
Yeah my bad. It would be a nice location except for 95 like you mentioned. We'll see if anything comes out of it.
The Home St side of that lot I think is far enough away from the freeway to not take away too much value. Especially if the views are mostly directed the other way. I wish them luck.
It seems like the Uptown at St Johns does pretty well despite overlooking the freeway. Just food for thought...
Quote from: ProjectMaximus on January 15, 2016, 01:41:23 PM
Quote from: CCMjax on January 15, 2016, 10:26:32 AM
Quote from: acme54321 on January 04, 2016, 09:41:27 AM
Quote from: blfair on January 04, 2016, 08:45:31 AM
Home St, not Holmes, for anyone else scratching their heads at where Holmes is. I haven't heard anything about it, but there are a couple of acres (combined) of empty lots behind Tidbits & the Home Street loft... great location other than being on top of I95. I'll have to look for the article.
Yeah my bad. It would be a nice location except for 95 like you mentioned. We'll see if anything comes out of it.
The Home St side of that lot I think is far enough away from the freeway to not take away too much value. Especially if the views are mostly directed the other way. I wish them luck.
It seems like the Uptown at St Johns does pretty well despite overlooking the freeway. Just food for thought...
The Fountains Uptown in Charlotte is a new project that is right smack up against the freeway. These projects are doing fine in many cities across the country.
Yeah, I don't imagine location will be a problem here.
I don't mean to say it will make the project unsuccessful. The location is good enough that being near the highway won't matter. Few people would seek out a place where you can hear the road out your window, but there's no shortage of folks who will tolerate it in trade for other features.
The DIA gave approval of $2.5 million in incentives for this 143-unit apartment project to dedicate 10% of its units for workforce housing:
http://www.jaxdailyrecord.com/article/the-cawton-report-over-budget-review-meetings-going-long
Is "workforce housing" a euphemism for "rent control"?
Quote from: Papa33 on August 25, 2017, 10:47:20 AM
Is "workforce housing" a euphemism for "rent control"?
Pretty sure it means "workforce housing".
Quote from: Papa33 on August 25, 2017, 10:47:20 AM
Is "workforce housing" a euphemism for "rent control"?
Pretty sure it means residents have to promise not to buy Avocado Toast.
Workforce housing is a term that is being increasingly used to describe housing that is affordable for households with an earned income that is insufficient to secure quality housing within a reasonable proximity to a workplace.
Also it seems that the building is oriented so that the parking garage is facing the highway. I would suspect that the "workforce housing" would also be on the highway side of the building.
I saw somewhere that the Doctor needs to acquire adjacent parcels to pull this off. He owns 1 acre at 1444 Home Street and that's not big enough for his plans. Prudential currently owns the vacant lot next door (according to COJ.net). Pretty sure it's part of his plans.
Then again maybe it will fit on the parcel. Cannot find the old source.
Quote from: MusicMan on August 25, 2017, 09:35:51 PM
I saw somewhere that the Doctor needs to acquire adjacent parcels to pull this off. He owns 1 acre at 1444 Home Street and that's not big enough for his plans. Prudential currently owns the vacant lot next door (according to COJ.net). Pretty sure it's part of his plans.
Then again maybe it will fit on the parcel. Cannot find the old source.
The last rendering showed the complex on his and the Prudential lot, but not on the smaller parcel at the SW corner of the block. So based on that I assume that he's worked some kind of deal out with Prudential but the other property owner declined.
Here's the last conceptual site plan and elevations:
(https://photos.smugmug.com/Cities/Jacksonville/Development/San-Marco-Apartments-Home-Street/i-9S47XGV/0/df395fb5/X3/20170420_DDRB%20Agenda%20Packet_Page_118-X3.jpg)
(https://photos.smugmug.com/Cities/Jacksonville/Development/San-Marco-Apartments-Home-Street/i-PPZJxfj/0/3326faa0/X2/20170420_DDRB%20Agenda%20Packet_Page_120-X2.jpg)
http://residentnews.net/2017/10/09/new-multi-family-housing-gets-dia-thumbs/ (http://residentnews.net/2017/10/09/new-multi-family-housing-gets-dia-thumbs/)
Really good project.
This is an excellent location. Easy walk to plenty of good bars and restaurants, SkyWay stations, water taxi pick up, riverwalk, etc. If they keep this reasonably priced it'll easily sell out just like 220 riverside and The Brooklyn.
Does anyone know if the old Baptist site directly on the other side of 95 was approved / has started construction for the apartments proposed there?
Only development on the Baptist site that anyone can see from the street is that they're cutting the grass again, and that they put up an AVAILABLE sign on the corner.
This project IS NOT on the Baptist Convention site.
That is a separate development, and the developer HAS ACTUALLY PURCHASED AND CLOSED ON THE PROPERTY!! (June 6 2017 $6,150,00). So I expect it to move forward pretty soon.
Link: https://www.jaxdailyrecord.com/article/florida-baptist-convention-building-hendricks-may-be-redeveloped-housing-and-retail
The AVALABLE sign is for the old Baptist Credit Union Building, which I am assuming is not going to be demolished as part of the new development. Lake knows more about this than most, perhaps he can chime in.
So I guess I need to find somewhere else to park when I eat at Tidbits? Bummer.
Quote from: MusicMan on December 13, 2017, 10:30:20 AM
This project IS NOT on the Baptist Convention site.
That is a separate development, and the developer HAS ACTUALLY PURCHASED AND CLOSED ON THE PROPERTY!! (June 6 2017 $6,150,00). So I expect it to move forward pretty soon.
Link: https://www.jaxdailyrecord.com/article/florida-baptist-convention-building-hendricks-may-be-redeveloped-housing-and-retail
The AVALABLE sign is for the old Baptist Credit Union Building, which I am assuming is not going to be demolished as part of the new development. Lake knows more about this than most, perhaps he can chime in.
The project on the baptist site would result in demolishing everything on that block. Here's the site plan they submitted to the water management district a few months ago:
(https://photos.smugmug.com/Cities/Jacksonville/Development/Urban-Project-Renderings/i-L7PJLdN/0/XL/Hendricks%20Mixed%20Use_Page_06-XL.jpg)
It's hard to make out at this scale, it shows street level retail space facing Hendricks, the apartment structure on the north side of the parcel and the parking garage taking up the rest of the property.
Why the AVAILABLE sign then? For commercial tenants of a not yet built structure?
Quote from: MusicMan on December 15, 2017, 11:31:58 AM
Why the AVAILABLE sign then? For commercial tenants of a not yet built structure?
Possibly for the same reason a real estate agent leaves the for sale sign on a house when it's under contract. Anything can happen.
Quote from: MusicMan on December 15, 2017, 11:31:58 AM
Why the AVAILABLE sign then? For commercial tenants of a not yet built structure?
Don't you claim to be in real estate? Do you really think a bank is going to give a loan to build a multi-story multi-use structure without prior commitments from tenants/residents? Why are there sales offices in front of yet to be built buildings? The bank needs reasonable assurance that the project will be successful before they release the funds to the developer to begin demolition/construction. That assurance comes in the form of pre-sales, LOIS, etc...
Quote from: Captain Zissou on December 15, 2017, 01:00:59 PM
Quote from: MusicMan on December 15, 2017, 11:31:58 AM
Why the AVAILABLE sign then? For commercial tenants of a not yet built structure?
Don't you claim to be in real estate? Do you really think a bank is going to give a loan to build a multi-story multi-use structure without prior commitments from tenants/residents? Why are there sales offices in front of yet to be built buildings? The bank needs reasonable assurance that the project will be successful before they release the funds to the developer to begin demolition/construction. That assurance comes in the form of pre-sales, LOIS, etc...
Well, Apartments start all the time without pre-leasing. For example, a high-rise might take 2 years to build. Pre-leasing something 2 years out is a tall order.
This is true, but music man was talking about commercial space.
At least these guys own the ground. And the sign went up recently. I was imagining something with a graphic of the final build out and a bit more enticing rather than the standard 'Available' sign.
PLUS it's over there adjacent to the old credit union building. Just 1 small sign. Not facing Hendricks Ave. So from my real estate perspective that does not make much sense.
Perhaps when cranes get going a serious graphic intensive sign will go up facing Hendricks and stating what will be offered in terms of apartments and commercial. That is what I would expect.
There is a large "Available" sign directly facing the intersection of Hendricks and Nira.
Quote from: acme54321 on December 16, 2017, 12:08:01 AM
There is a fairly large "Available" sign directly facing the intersection of Hendricks and Nira in front of the old bank.