A Look Inside 220 Riverside

[FlaBoy]

What is the plan for phase 2 aka 200 Riverside?

[ProjectMaximus]

^Simms, I believe units started to come online this summer, but not all units were completed at that time.  I might be able to determine the average time from when units became available to when they were leased.

Also, the adjacent retail/amenities arent in place yet. Shoppes on Riverside are maybe 2/3rds operating? None of the restaurants at 220 Riverside are complete. And Unity Plaza had its official opening less than 3 months ago.

[brainstormer]

That's not quite true. ^ Sbraga & Co. is open in 220 Riverside. There are only four spaces available to lease in Brooklyn Station and one of them is currently a pop up. Corner Bakery, BurgerFi, and Zoe's Kitchen are all open. Burrito Gallery will open in January.

[ProjectMaximus]

lol I am so out of the loop. Thanks BS, for calling out my BS.  Sbraga has been open for a month now! And I called the Shoppes by the old name...clearly just typing off the top of my head. Anyway my point was still valid to some degree. And I was just guessing about the retail spaces...I know of a somewhat significant tenant that was looking there but I guess at this point it would have to be part of a future phase if it did work out.

[FlaBoy]

That's not quite true. ^ Sbraga & Co. is open in 220 Riverside. There are only four spaces available to lease in Brooklyn Station and one of them is currently a pop up. Corner Bakery, BurgerFi, and Zoe's Kitchen are all open. Burrito Gallery will open in January.

Is there still space at Brooklyn Station?

[ProjectMaximus]

So the reported numbers appear to be:

220 Riverside - 92% leased. Brooklyn Riverside - 75% leased.

http://www.bizjournals.com/jacksonville/news/2015/12/21/brooklyn-leasing-a-healthy-indicator-for-downtown.html

[CCMjax]

So the reported numbers appear to be:

220 Riverside - 92% leased. Brooklyn Riverside - 75% leased.

http://www.bizjournals.com/jacksonville/news/2015/12/21/brooklyn-leasing-a-healthy-indicator-for-downtown.html

Good numbers.  Especially since Brooklyn Riverside isn't even 100% complete right?  I know it was lagging a little behind 220 in completion.  Roll Side!  Brooklyn River-Side that is:)

[Tacachale]

^Yeah, those are great numbers if they keep up. Not all that surprising. We've been seeing for years that downtown apartments stay pretty full. One thing that does surprise me (in a good way) is that they've gotten this full this quickly despite having above-average rents for the area. That's a good sign for future projects.

[FlaBoy]

The Brooklyn Riverside is attractive being so close to both the Landing/DT events and Riverside/5 Points/King St. If you work in Brooklyn or DT, it makes too much sense in comparison to a slightly cheaper new place in Southside.