MONDAY December 20, 2021
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Daily Record JACKSONVILLE
DOWNTOWN DEVELOPMENT REVIEW BOARD JACKSONVILLE
One Riverside residential design OK’d Daily Record THE MATHIS REPORT
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File renderings
The pool area along the St. Johns River Northbank Riverwalk at the One Riverside development. The project’s first phase includes two multifamily buildings of 270 units, retail and a restaurant. The second phase includes more apartments, retail and a new city park along McCoys Creek.
Fuqua Development’s proposed $182.2 million apartment and retail project would replace the former Florida Times-Union campus along the St. Johns River in Brooklyn.
An engineer is preparing a permit for city review to remove the buildings at 1 Riverside Ave.
summary underreported the garage size and capacity. The first phase residential designs also show a 3,000-square-foot riverfront restaurant, residential pool and a standalone SEE ONE RIVERSIDE, PAGE 2
SEE MATHIS, PAGE 2
STAFF WRITER
The entrance to the One Riverside development with the multifamily buildings along the St. Johns River and a parking garage to the left.
park bordering a restored McCoys Creek. The board’s decision will allow TriBridge to break ground on the two multifamily buildings and eight-level, 626-space parking garage. TriBridge Partner Katherine Mosley noted during the meeting that the board’s staff
Times-Union demolition on horizon
Demolition of the former Florida Times-Union buildings at 1 Riverside Ave. is on the horizon. A civil engineer is working on a permit application to demolish the almost 55-year-old former office and production plant in Brooklyn along the St. Johns River. The estimated cost is $1 million, but that could change as the permit proceeds and a demolition contractor is chosen. Atlanta-based developer Jeff Fuqua is working with the city to redevelop the more than 18-acre site as an apartment and retail center with a public park and improvements to McCoys Creek. The permit work comes as City Council agreed Nov. 23 to extend Fuqua Development LLC’s deadline to close on the property
BY MIKE MENDENHALL
The Downtown Development Review Board gave the final OK for the multifamily design of One Riverside, the proposed replacement of the former Florida TimesUnion site in Brooklyn. The board voted 5-0 on Dec. 16 to approve the 270-apartment first-phase project by Atlanta-based Fuqua Development LCC and TriBridge Residential. Fuqua Development proposes a $182.2 million residential/retail multiphase project on 18.84 acres at 1 Riverside Ave. along the St. Johns River that will include a new city
KAREN BRUNE MATHIS EDITOR
The Brooklyn Riverside apartments sold for $78M A Boston real estate investment group acquired the 310-unit The Brooklyn Riverside apartments on Dec. 8 for $78 million. Through BR Riverside DST, New York-based Bluerock Real Estate L.L.C. sold the community at 100 Magnolia St. to Eaton Vance Management REIG. Eaton Vance bought the property through BEL Brooklyn LLC. The per-unit price was $251,612. The Brooklyn Riverside is behind the Brooklyn Station shopping center anchored by The Fresh Market along Riverside Avenue. The apartments, built in 2015, comprise seven four-story buildings on 8.17 acres.
VOLUME 109, NO. 25 • ONE SECTION