Southside Construction Update - July 2013

[Metro Jacksonville]

Southside Construction Update - July 2013



A brief look at the status of various projects under construction in July in and around Jacksonville's Edge City, the Southside.

Full Article
http://www.metrojacksonville.com/article/2013-jul-southside-construction-update-july-2013

[TD*]

are people truly moving to jax at a pace which supports this construction?

[BrooklynSouth]

Cool, I read "Edge City" in high school. I grew up near Tyson's Corner, VA, which was Garreau's focus in the book. I remember he predicted that people would start living in apartments attached to malls to replicate the old town square feeling but in a climate-controlled environment. That hasn't quite happened, but Garreau was on to something as Tyson's Corner has grown beyond what anyone could have predicted and they are now extending the subway there. I still would never live there. It has the worst traffic in the DC metro area, no matter what time of day I've been there. If you want to know what the Town Center will look like in 20 years, look at Tyson's Corner.

[Josh]

are people truly moving to jax at a pace which supports this construction?

Don't you know that every job in Jacksonville correlates to a new resident? It's not like these people are working in Duval County and living in St. Johns County........

[Tacachale]

It's not so much that people are moving to Jacksonville as people are moving to this particular area, and are moving to apartments in this area. I expect a lot of them are people who already live in Jax but are moving from a house or condo and into an apartment. Others will be new and current residents who would have lived in rentals further out, but will choose these places now that they're available.

[duvaldude08]

It's not so much that people are moving to Jacksonville as people are moving to this particular area, and are moving to apartments in this area. I expect a lot of them are people who already live in Jax but are moving from a house or condo and into an apartment. Others will be new and current residents who would have lived in rentals further out, but will choose these places now that they're available.

You are very correct. Ever since the housing market went into melt down, the rental market has been hot ever since. You still have people moving out of their homes and condos because of foreclosure, etc etc. But Im glad I purchased a home though. Apartments prices now are based on the "market", which is not good. Year to Year, you have no idea how much your rent will go up. Im paying $643.00 a month for a 3 bedroom house ( that I purchased last year), compared to paying 700.00 a month for a one bedroom apartment. Well anyways, just thought I'd add that. LOL

[thelakelander]

^My hope is that we get a few multifamily projects off the ground in the urban core before this market trend cools off.

[Stephen]

I wish we had an IKEA at the Town Center. It would also be nice to have more and better apartments closer to the river and downtown

[Josh]

I wish we had an IKEA at the Town Center. It would also be nice to have more and better apartments closer to the river and downtown

Unfortunately given IKEA's requirements, Northeast Florida will effectively never meet their criteria for placement of a store.

[Doctor_K]

^My hope is that we get a few multifamily projects off the ground in the urban core before this market trend cools off.

You mean other than what's going down (or rather, up) in Brooklyn?  Or is that not core-y enough? (Genuine question - I still find myself tripped up on the verbiage from time to time.)

I seem to remember some renderings of what could have/should have been done with what's now the Main Street Pocket Park that would've been an astounding addition to the Core, and literally in the middle of everything.

But back on-topic - I was really hoping that that Gate at 295/St. John's Bluff would've been at least a 7-11 instead. At least there'll be a gas station on that side of the SJTC now.

See what can happen development-wise when you find a dead body in the woods?  LoL

[Tacachale]

^Brooklyn qualifies, but neither project is complete yet. Hopefully it will be a success and inspire others in the urban core, including the core of downtown. Apartments are hot now because so many people, especially young people, are choosing them instead of owning; if we can channel some of that trend into a positive growth in the urban core we'll be in a much better position.

[thelakelander]

^My hope is that we get a few multifamily projects off the ground in the urban core before this market trend cools off.

You mean other than what's going down (or rather, up) in Brooklyn?  Or is that not core-y enough? (Genuine question - I still find myself tripped up on the verbiage from time to time.)

The core to me is much more extensive. I'd throw in everything from Panama Park to St. Nicholas and from Tallyrand to Edgewood/Cassat Avenues. What's proposed in Brooklyn is only around 600 units.  I'm hoping for several thousand units as opposed to two apartment complexes that come a dime a dozen on the Southside.

[John P]

Where are all these people going to come from to rent these Southside apartments? This is going to drive down rent there.

[ProjectMaximus]

^My hope is that we get a few multifamily projects off the ground in the urban core before this market trend cools off.

You mean other than what's going down (or rather, up) in Brooklyn?  Or is that not core-y enough? (Genuine question - I still find myself tripped up on the verbiage from time to time.)

The core to me is much more extensive. I'd throw in everything from Panama Park to St. Nicholas and from Tallyrand to Edgewood/Cassat Avenues. What's proposed in Brooklyn is only around 600 units.  I'm hoping for several thousand units as opposed to two apartment complexes that come a dime a dozen on the Southside.

And it's not all multifamily, right?

[thelakelander]

^Yes. I would like to see our urban housing stock grow to be more diverse.  Some rowhouses, townhouses, zero lot line single family would be cool too.