As the last walls await demise at the former Florida Times-Union campus in Brooklyn, developers are arranging financing, clearing the site and applying for building permits for what will become the One Riverside mixed-use project.
The One Riverside Jacksonville project at 1 Riverside Ave. near Downtown is designed for the 18.84-acre Northbank riverfront site where the daily newspaper operated.
The Times-Union campus was built in 1967 at 1 Riverside Ave. The Morris family bought the property and the newspaper in 1982. It sold the paper in 2017. The paper moved to Wells Fargo Center in April 2019.
Fuqua Development of Atlanta bought the site Feb. 4 for $25 million.
Fuqua will build a Whole Foods Market and retail space; the city will restore McCoys Creek and add a park; and TriBridge Residential LLC will develop apartments.
Fuqua sold 4.3 acres to TriBridge for $15.5 million for the apartments.
It sold 4.95 acres to the city for $6 million. The city will pay to relocate and restore McCoys Creek and develop a park.
The site is being demolished by Pece Of Mind Environmental Inc. of Orlando.
The apartments are about to take shape.
Citizens Bank of Charlotte, North Carolina, financed the TriBridge project with a $69.7 million construction mortgage Aug. 25. The borrower was TBR One Riverside Owner LLC in Atlanta.
The mortgage is for the first phase on the site.
TBR One Riverside has applied to the city for construction permits for the foundations of two seven-story apartment buildings and a parking garage.
The permits show a construction cost of $14.1 million for those foundations.
The city issued the garage foundation permit Aug. 29 at a cost of almost $3.5 million.
The city issued a site work permit Aug. 19 for TriBridge to clear its acreage at a cost of $4 million. It is a horizontal development permit.
Live Oak Contracting is the contractor. Codes-ABC Inc. is handling code compliance. Dwell Design Studio of Atlanta is the architect.
The St. Johns River Water Management District issued a permit July 1 for TriBridge Residential’s proposed first-phase 271-unit apartment project along with a 3,000-square-foot apartment amenity and a 130-seat restaurant and patio.
Plans filed Feb. 18 show TriBridge Residential’s two apartment buildings along the Riverwalk and St. Johns River.
Building 1000 is connected to the restaurant, which includes patio seating. Building 2000 has a swimming pool along the river. The eight-level, 625-space parking garage is between Building 2000 and a grocery store that will front Riverside Avenue.
A 3,000-square-foot apartment amenity building is next to the garage. There is a proposed dog run near the Riverwalk, in addition to pedestrian plazas and public art.
TriBridge plans 125 more apartments in a second phase.