Author Topic: San Marco's Florida Baptist site to become apartments  (Read 37581 times)

thelakelander

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Re: San Marco's Florida Baptist site to become apartments
« Reply #105 on: October 08, 2018, 01:58:24 PM »
Yes, they scaled it down big time.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

thelakelander

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"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

acme54321

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Re: San Marco's Florida Baptist site to become apartments
« Reply #107 on: November 30, 2018, 02:19:15 PM »
Hpefully this thing keeps on moving forward.  Lots of activity on the Southbank Kings Ave and Hendricks corridors lately!

Kerry

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Re: San Marco's Florida Baptist site to become apartments
« Reply #108 on: December 01, 2018, 07:57:04 PM »
Would it kill someone to build 3 bedrooms?
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Steve

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Re: San Marco's Florida Baptist site to become apartments
« Reply #109 on: December 03, 2018, 11:28:26 AM »
Would it kill someone to build 3 bedrooms?

It seems like developers in the core (or at least especially in the core) shy away from them. I think the challenge is economics. Take Bell Riverside for example - their 3 bedrooms are like $2,300 a month. A quick Zillow search has a ton of 3 bedroom houses renting for far less (averaging $1,700 a month). They may not have the amenities that a nice apartment complex has, but a single family home for $500 less is a compelling argument.

On the other hand, all of Bell Riverside's 3 bedrooms are leased at present.

Kiva

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Re: San Marco's Florida Baptist site to become apartments
« Reply #110 on: December 03, 2018, 08:21:09 PM »
Also, for a mortgage of $2,300 a month, or much less, you could buy a lot of 3 bedroom houses in Jacksonville.

Steve

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Re: San Marco's Florida Baptist site to become apartments
« Reply #111 on: December 03, 2018, 09:15:51 PM »
Also, for a mortgage of $2,300 a month, or much less, you could buy a lot of 3 bedroom houses in Jacksonville.

Well, there are good reasons for some why renting is better. Imagine a corporate rental or a one year for a family relocating to town while they learn the market.

thelakelander

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Re: San Marco's Florida Baptist site to become apartments
« Reply #112 on: December 03, 2018, 09:18:13 PM »
But as you said earlier, you could rent a pretty nice house for cheaper than $2,300/month in this city. My guess is the market isn't demanding as many three bedroom apartments as it is ones and twos.
« Last Edit: December 03, 2018, 09:19:58 PM by thelakelander »
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bl8jaxnative

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Re: San Marco's Florida Baptist site to become apartments
« Reply #113 on: December 08, 2018, 09:06:25 AM »
Broadstone next to Duvall County Schools bldg is about to open and has some 3 bedrooms for rent.

https://broadstoneriverhouse.com/

Kerry

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Re: San Marco's Florida Baptist site to become apartments
« Reply #114 on: December 08, 2018, 07:06:24 PM »
Would it kill someone to build 3 bedrooms?

It seems like developers in the core (or at least especially in the core) shy away from them. I think the challenge is economics. Take Bell Riverside for example - their 3 bedrooms are like $2,300 a month. A quick Zillow search has a ton of 3 bedroom houses renting for far less (averaging $1,700 a month). They may not have the amenities that a nice apartment complex has, but a single family home for $500 less is a compelling argument.

On the other hand, all of Bell Riverside's 3 bedrooms are leased at present.

There is a waiting list for 3-bedroom units at The Strand.

We looked at a large number of for-sale and rental in Riverside, San Marco, and Springfield and most of what is available is pure garbage for the prices being requested.  We have come to find that the price is about 75% location and 25% unit quality.  It is actually stunning how bad a lot of the options are.  I love living in the urban core but there just aren't many options now that we need 3 to 4 bedrooms.
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thelakelander

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Re: San Marco's Florida Baptist site to become apartments
« Reply #115 on: December 08, 2018, 07:19:48 PM »
What do you want to pay for a 3BD?
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

Kerry

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Re: San Marco's Florida Baptist site to become apartments
« Reply #116 on: December 08, 2018, 10:02:55 PM »
I pay $2k now for a 2 bedroom so....
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thelakelander

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Re: San Marco's Florida Baptist site to become apartments
« Reply #117 on: January 15, 2019, 09:57:37 AM »
Demolition approved:

Quote
Former Florida Baptist Convention buildings are coming down at 1230 Hendricks Ave.

Realco Recycling Co. Inc. will demolish the office, bank and warehouse at the site at a cost of $349,000, according to a permit application submitted Friday and issued Monday.

The 3.41-acre site is slated for redevelopment into 345 apartments, parking and 5,500 square feet of retail space at Hendricks and Naldo avenues, Nira Street and the Interstate 95 ramp.

https://www.jaxdailyrecord.com/article/the-mathis-report-demolition-approved-to-clear-path-for-san-marco-apartments
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Captain Zissou

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Re: San Marco's Florida Baptist site to become apartments
« Reply #118 on: January 15, 2019, 10:02:17 AM »
If only zoning change requests were approved as swiftly as demolitions.

Kerry

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Re: San Marco's Florida Baptist site to become apartments
« Reply #119 on: January 15, 2019, 10:29:03 AM »
If only zoning change requests were approved as swiftly as demolitions.

If Jaxwouls  just adopted The Smart Code for the urban core we could eliminate all the zoning red tape which would speed these projects along.  They could also make the demo permit a defacto part of the building permit.  That would prevent speculative demos.
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