RiversEdge expects to complete work on four public parks by end of 2024
The interconnected parks will comprise more than a mile on the commercial and residential development on the Downtown Southbank.
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The interconnected parks will comprise more than a mile on the commercial and residential development on the Downtown Southbank.
City Council will have the final say whether or not to increase the property tax refund for the Southbank project from $56 million to $97.98 million.
The 136,853-square-foot, six-story structure next to the new Fidelity National Information Services Inc. headquarters is more than 90% occupied.
Fuqua Development officials did not respond to multiple requests for information on the estimated $250 million project and neither did the building's property owner, Morris Communications. Duval County property records show an assessed value of $15.12 million on the site. Fuqua Development developed the 60,000-square-foot Brooklyn Station retail center across the avenue, anchored by The Fresh Market and multiple restaurants. The company also developed hundreds of multi-family units nearby, part of more than 1,000 apartments built a few blocks away as the JTA works on expanding the use of it...
After seven years riddled with delays and false starts, three different project names and a major shift in development control, the project previously known as The District finally broke ground Tuesday rechristened as RiversEdge in downtown Jacksonville. Construction activity is already happening at the grass-covered, 32-acre Southbank tract of riverfront land. Preston Hollow Capital is gearing up to build bulkheads and a riverwalk extension while it seeks private developers for construction of 950 residences along with retail, office and hotel space. Speakers at the groundbreaking cere...