Two 5-story luxury apartments planned for Jacksonville's Southbank

[thelakelander]

Phase 1 of The District (formerly Healthy Town)...

A complex described by its developers as luxury apartments with a view of the St. Johns River will begin construction of two 276-unit buildings on Jacksonville's Southbank this summer.
The District apartments will be one of three parts to the project developers have planned for the 30-acre development.

The apartments were planned by real estate developer Peter Rummell and partners Michael Balanky and Michael Munz, according to a release from Birmingham, AL, based Equity Resources LLC.

Full article: http://jacksonville.com/news/metro/2015-12-15/story/two-5-story-luxury-apartments-planned-jacksonvilles-south-bank

[downtownbrown]

gonna be awesome.  Nice to see entrepreneurs and developers really take the lead, as opposed to strong arming the city on the other side of the river.

[Dapperdan]

This is phase 1 of Healthy Town, correct?

[acme54321]

Sounds great.  TU Crazy comments are entertaining too as usual!

[blizz01]

Aren't they really 7 stories when you consider that they're built over one level of retail and another level of parking?  And, I count what appear to be 6 levels of residential(?) in the rendering.  What am I missing?

[thelakelander]

^Good catch. I cut and paste the title from the TU. However, it does not match what's shown in the rendering. I assume the rendering, if provided by the developer, is accurate and the TU title is wrong.

[jcjohnpaint]

I do hope so.  Great to see

[JaxJersey-licious]

Earlier, simms made a great point concerning the intown apartment movement  in Jax that it's not in competition with other areas of town for appartments as much as it's competing with other hot intown markets for these kind of developments. Keep in mind that just about every city in the Southeast has established a demand for these kind of units with their price points that Jax is just starting to see. Keep in mind construction and material costs doesn't make the area that much more desirable to build. That is why it's so important to start seeing pen placed to paper and actual proposals like this coming to light.

Momentum is key to keep on attracting the residential, commercial, and office demand the inner core so despearately needs so it's great to see all these recent proposals start coming to fruition. Crossing my fingers that rising interest rates won't make this a repeat of 2006, but hopefullly developers take advantage of the one thing that DT Jacksonville has going for it: That it appears to have been woefully underserved.

[BoldCityRealist]

Nice! Hopefully this means that the financing gets lined up for that San Marco Publix!

[Tacachale]

Looks good. Make it happen!

[Marle Brando]

Nice! Hopefully this means that the financing gets lined up for that San Marco Publix!

Right, though I do wonder if Healthy town will have its own grocer and would that affect the Publix deal negatively or positively. Thoughts?

[Marle Brando]

I also recall that the hotel and retail components as well as the riverfront park and restaurants were also to be part of this 'phase 1'. I wonder if they are trying to secure a hotel partner or if the design and partners are a done deal and will be announced at a later date. With the Lexington under going a huge renovation next door, I would imagine that they want to get the ball rolling on the hotel construction soon and shovels turn on the apartment buildings.

[Noone]

Positive.

[downtownbrown]

"We have got to deal with Berkman Plaza. We began investigating that in my first week," he said. "Liberty Street was one of the first questions I asked. The Jacksonville Landing is ... um. Eh. I'll leave it at that." -Lenny Curry yesterday.

Maybe it will catch on.

[FlaBoy]

Momentum is key to keep on attracting the residential, commercial, and office demand the inner core so despearately needs so it's great to see all these recent proposals start coming to fruition. Crossing my fingers that rising interest rates won't make this a repeat of 2006, but hopefullly developers take advantage of the one thing that DT Jacksonville has going for it: That it appears to have been woefully underserved.

Momentum is everything to these folks. Jax also has something that places like Charlotte, Atlanta, or Orlando do not have, and that is AN AMAZING view of the river and true natural beauty. I think, with some smart visionary leadership, there is no reason why Jax should not experience the same growth St. Pete is seeing (again natural beauty) down south. They don't have near the employment base we do and they are putting up a 42 story condo tower currently. St. Pete used to be as dead as a door nail 10 years ago.

Right, though I do wonder if Healthy town will have its own grocer and would that affect the Publix deal negatively or positively. Thoughts?

From what I can see, there were no plans for that. San Marco could see it get done finally.

With Broadstone, this, and what is occuring in Brooklyn, things could be looking up residential wise. It would be nice to see just some continuous walkable development on the Southbank from San Marco Square up to DT.