RiverTown Development Slowed by Recession
While the struggles of the urban core usually garner the most attention, a trip to Northern St. Johns County shows that the suburbs may have significant worries of their own.
Published May 18, 2010 in Neighborhoods - MetroJacksonville.com
Comprising 4,170 acres, RiverTown is a forever kind of place where nature is your next-door neighbor and the river a close friend, and everybody waves at everybody else just because.http://www.joe.com/Rivertown-community
Planned to be equipped with all the modern amenities and conveniences you've come to expect from JOE, RiverTown will have an old-fashioned sensibility reminiscent of a simpler time. RiverTown will have an abundance of outdoor amenities: hundreds of acres of parks, playing fields, and nature trails that will beckon residents to engage with the natural beauty of the landscape and one another.
RiverTown Locator Map
The St. Joe Company's RiverTown was proposed as a 4,500 dwelling unit mixed-use master planned community on approximately 4,170 acres. At buildout, RiverTown will include:
100,000 square feet of office uses;
300,000 square feet of retail/commercial/service uses;
4,500 dwelling units, comprising 3,700 single family units and 800 multi-family units;
18 golf course holes;
1,369 acres of recreation/open space (including, but not limited to neighborhood parks, 100 acre community park, and 58 acre Riverfront Park);
100,000 square feet of light industrial uses;
churches, 2 elementary schools, 1 middle school.
Source (PDF): http://www.co.st-johns.fl.us/BCC/growth_management/media/Planning/DRI/RiverTown/
RiverTown was to develop in two phases. Phase 1 was to be completed in six years and Phase II to was to be completed in five more years. Projected build-out for all development was December 31, 2016.
While plans were impressive and people were rapidly migrating into St. Johns County, things have come to a halt as a result of the recession. Instead of the vibrant exciting lifestyle marketed by realtors only a few years ago, empty streets, houses and overgrown construction sites dominate the landscape. Needless to say, that build-out date of 2016 will most likely not be met.
Article by Ennis Davis
This article can be found at: https://www.metrojacksonville.com/article/2010-may-rivertown-development-slowed-by-recession