Author Topic: The District sets timeline for infrastructure construction  (Read 2634 times)

thelakelander

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The District sets timeline for infrastructure construction
« on: October 04, 2019, 10:38:43 AM »
Looks like it could be 2024 before the infrastructure work is completed. No timeline mentioned for start or completion of vertical development.

Quote
Project planners with The District, a proposed $600 million mixed-use development on the Downtown Southbank, are closer to groundbreaking by starting the permitting phase.

Developer Michael Munz filed a performance schedule Friday with the Downtown Investment Authority.

Bill Schilling, vice president at Kimley-Horn & Associates Inc., said Thursday that The District will begin construction by April 13.

According to Schilling, public amenities supported by The District’s Community Redevelopment Agency, such as the project’s 3.5-acre riverfront park and multiuse trail, must be complete within three years of the construction start date.

Infrastructure improvements, like water and sewer utilities, roads and streetscape, will be complete by 2024.

Full article: https://www.jaxdailyrecord.com/article/the-district-sets-timeline-for-infrastructure-construction
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sanmarcomatt

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Re: The District sets timeline for infrastructure construction
« Reply #1 on: October 04, 2019, 11:28:53 AM »
The house next to Rummel’s is for sale. It would be financial insanity to buy it but it is tempting just so I could heckle him daily about the the district start date. I am picturing the wipe off board scene from Zero Dark 30 but about the size of his Jesus Xmas display.

tufsu1

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Re: The District sets timeline for infrastructure construction
« Reply #2 on: October 04, 2019, 01:20:05 PM »
"will begin construction by April 13" - note no year is given ;)

vicupstate

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Re: The District sets timeline for infrastructure construction
« Reply #3 on: October 04, 2019, 01:40:42 PM »
Quote
Looks like it could be 2024 before the infrastructure work is completed.

Hoover (Boulder) Dam was completed in 5 years, so that sounds about right.
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heights unknown

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Re: The District sets timeline for infrastructure construction
« Reply #4 on: October 05, 2019, 09:10:33 PM »
Just turned 63 yesterday; I'll be dead and hopefully gone to Heaven before this is completed. Hope I get to see it done.
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sanmarcomatt

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Re: The District sets timeline for infrastructure construction
« Reply #5 on: January 15, 2020, 09:19:00 AM »

thelakelander

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Re: The District sets timeline for infrastructure construction
« Reply #6 on: January 15, 2020, 10:10:32 AM »
Definitely not holding my breath for this one. I really don't see this one getting that far off paper.
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Josh

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Re: The District sets timeline for infrastructure construction
« Reply #7 on: January 15, 2020, 10:14:08 AM »
What a joke.

thelakelander

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Re: The District sets timeline for infrastructure construction
« Reply #8 on: January 15, 2020, 10:26:14 AM »
Like Lot J and the Shipyards, it's just never made much sense from a market perspective. Just because someone draws a rendering with highrises and thousands of extra housing units, doesn't mean the dream is financially feasible for our second tier market. All the non-sexy stuff we avoid doing (two-waying streets, maintaining existing parks, upgrading public schools, better basic but reliable transit options, preservation and adaptive reuse, etc.) are the things needed to stimulate more market rate opportunities for the private sector.
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Papa33

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Re: The District sets timeline for infrastructure construction
« Reply #9 on: January 15, 2020, 10:26:47 AM »
Rummell is what, 70+ years old??  He probably accepts he won't see this come to pass.

vicupstate

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Re: The District sets timeline for infrastructure construction
« Reply #10 on: January 15, 2020, 11:13:58 AM »
There can't another city of significant size that has more vacant riverfront land in its core than Jacksonville right now.

JEA Generating Station/The District
Landing
City Hall Annex/Courthouse
Shipyards
Metro park and Friendship Fountain are essentially vacant as well. 

potentially Berkman 2 will be added at SOME point.
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vicupstate

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Re: The District sets timeline for infrastructure construction
« Reply #11 on: January 15, 2020, 11:14:51 AM »
Like Lot J and the Shipyards, it's just never made much sense from a market perspective. Just because someone draws a rendering with highrises and thousands of extra housing units, doesn't mean the dream is financially feasible for our second tier market. All the non-sexy stuff we avoid doing (two-waying streets, maintaining existing parks, upgrading public schools, better basic but reliable transit options, preservation and adaptive reuse, etc.) are the things needed to stimulate more market rate opportunities for the private sector.

JAX prefers to go with the 'game changer' strategy, unfortunately.   
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MusicMan

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Re: The District sets timeline for infrastructure construction
« Reply #12 on: January 15, 2020, 12:08:14 PM »
No surprise here. Disappointment, yes.  Go back and look at the quotes from the past.  You gotta go pretty far back, too.
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Also, technically speaking, Rummell and his partner do not 'own' it. They have a mortgage. Their lender owns it. 

CityLife

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Re: The District sets timeline for infrastructure construction
« Reply #13 on: January 15, 2020, 12:57:33 PM »
Quote
Rummell also told Boyer that Elements is near finalizing an agreement with a developer for The District. He did not name the firm.

“The good news is that the most competitive proposal is from an incredibly experienced and highly regarded mixed-use developer with vast experience with similar projects, including work here in Florida,” Rummell wrote. “We executed a Letter of Intent with this group and are on the verge of executing a final agreement with them.

“Given this developer’s track record of execution on complex mixed-use developments, we are very confident that The District and the City of Jacksonville will be able to continue the path forward,” he wrote.

Would hold off on calling it a bust until we hear who this mixed-use developer is. I know of at least 5 that would fit this bill, have the capital to pull off anything they want to, and have done work in Florida (mostly South Florida).

thelakelander

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Re: The District sets timeline for infrastructure construction
« Reply #14 on: January 15, 2020, 04:33:13 PM »
Capital doesn't matter if there's no market. Seriously doubt this is a single phase type of project.
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