220 Riverside Coming To Brooklyn

[Metro Jacksonville]

220 Riverside Coming To Brooklyn



Plans are in the works for the urban core's next mixed-use, multi-family residential community.  Proposed by NAI Hallmark Partners and Bristol Development Group, 220 Riverside will be constructed adjacent to Unity Plaza at Forest Street and Riverside Avenue.

Full Article
http://www.metrojacksonville.com/article/2012-jan-220-riverside-coming-to-brooklyn

[Noone]

Very nice.

[dougskiles]

Wonderful.  How real is it?

[fieldafm]

Wonderful.  How real is it?

Pretty real... they changed their original plans(you'll notice no hotel-that suitor is now looking at the core) specifically b/c of the investment partnership with Bristol.  Smart move on their part.  The apartment community market is very, very hot right now.

[copperfiend]

To quote Freddie Mercury. Is this the real life? Is this just fantasy?

[tufsu1]

I've talked with some folks at Hallmark Partners.....as field noted, right now the rental market is pretty strong....and given the location, they feel this is a winner.

[acme54321]

(you'll notice no hotel-that suitor is now looking at the core)

Please elaborate.

[JeffreyS]

So by mixed use do you mean they are planing to include, retail, dining and office space in the project?

[dougskiles]

Was the previous project vested in a development agreement for concurrency?

[fieldafm]

No office space, as is my understanding.

Please elaborate.

They're sniffing around three spots.  Nothing has happened yet(two of the sites require public subsidies)

[acme54321]

No office space, as is my understanding.

Please elaborate.

They're sniffing around three spots.  Nothing has happened yet(two of the sites require public subsidies)

I'm assuming one of them is the old Barnett Bank?

[tufsu1]

So by mixed use do you mean they are planing to include, retail, dining and office space in the project?

as you can see in the drawings, there is ground floor commercial space....for things like a cafe, coffee shop, dry cleaners, etc.

[tufsu1]

Was the previous project vested in a development agreement for concurrency?

it is inside the downtown Transportation Concurrency Exception Area boundary....so they would have been required to give money for things like brick sidewalks and nice lighting

[thelakelander]

....or.....streetcar if that became a priority project over the streetscapes of last decade.

[tufsu1]

agreed...but sadly, that's not how the TCEA got written