Progress on the development of 220 Riverside continues in the installation of a crane at the Brooklyn construction site.
220 Riverside's West Elevation
Great cities need an iconic place for the community to come together, said Alex Coley, president for Hallmark Partners, which is developing 220 Riverside along with apartment industry leader MAA and Bristol Development Group. After planning for more than a decade, we are thrilled that 220 Riverside can and will be that place for Jacksonville, combining housing, shopping and eating establishments with a vibrant, dynamic gathering space for Jacksonville.
The $39.5 million 220 Riverside project is a mixed-use development in the citys historic Brooklyn neighborhood. The 220 Riverside project will feature a 294-unit, seven-story multifamily rental housing development and 18,000 square feet of retail space, all centered around a community park.
Downtown Jacksonville is on the move. There is a buzz unlike weve felt in years and 220 Riverside is playing a major role in the rebirth of our city center, said Mayor Alvin Brown. Ive made it no secret that Downtown is a major priority, but government cant do it alone. By working with the city, Hallmark Partners is reducing costs while growing an estimated $6.9 million for the city and schools over the next 20 years. Let this be a great example to show that private sector investment Downtown benefits us all.
It is believed that the project will spur economic growth in Brooklyn and serve as a catalyst for future redevelopment.
Update by Ennis Davis