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Jax Daily Record Thursday, Jan. 13, 202205:10 AM EST

The Ford on Bay proposals: Apartments, office space, hotels and more

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There are the plans of six developers to remake the site of the former Duval County Courthouse Downtown along the St. Johns River.
by: Mike Mendenhall Staff Writer
Silver Hills: The Ford on Bay

Silver Hills: The Ford on Bay

Silver Hills Development Inc. and Edwards Cos. — Southeast U.S. real estate developer based in Shaker Heights, Ohio.

Dimensions: Four to eight floors.

Residential: Up to 315 apartments.

Retail: Up to 20,000 square feet of retail, including outdoor patios.

Parking: 470-space garage for multifamily and retail users.

Amenities: Rooftop entertainment space; public Riverwalk promenade; option to manage the marina.

Financial: 

• 15-year Recapture Enhanced Value Grant (property tax refund).

• $2.5 million land purchase from the city.

• $2 million from the developer for riverfront pedestrian improvements.

• $500,000 donation to a city-selected organization for Downtown or civic events.

Timeline: Leasing fall 2024.

Mid-America Apartments L.P.

Mid-America Apartments L.P.

Germantown, Tennessee-based real estate developer with a regional office in Jacksonville.

Dimensions: Seven stories.

Residential: 306 apartments.

Retail: 17,959 square feet of retail — shops, restaurants and public spaces. That includes:

• 5,759 square feet on Bay Street.

• 12,000-square-foot riverfront retail pavilion with outdoor dining terrace.

Parking: Eight-level parking garage for multifamily and retail users.

Amenities: More than 10,000 square feet of resident amenities on Bay Street; open space connecting a residential pool/courtyard to the street; residential stoop entrances on Market Street.

VanTrust Real Estate

VanTrust Real Estate

Kansas City, Missouri-based industrial, office, mixed-use and residential developer with a regional office in Jacksonville.

Dimensions: 322,625 square feet.

Residential: 290 units.

Retail: 6,000 square feet retail/leasing/amenity space; 5,000-square-foot free-standing restaurant; 8,500 square feet additonal amenity space.

Parking: 468 space, 6½-level parking deck. That includes:

• 413 residential spaces.

• 55 retail spaces.

Amenities: Skydeck; riverfront public plaza; resident courtyard and pool; and a dog park.

Financial: $99,458,062 project cost, includes:

• $3.4 million land cost to the developer.

• $17,572,062 in permits and fees.

• $78,486,000 construction costs.

Timeline: 27-month construction period.

Related Development

Related Development

Miami-based condo and apartment developer.

Dimensions: Eight stories.

Residential: 310 one-, two- and three-bedroom apartments.

Retail: About 28,500 square feet of commercial space. That includes:

• 8,300 square feet of ground-floor retail.

• 10,000 square feet of live/work space.

• 10,000-square-foot riverfront restaurant with a 3,000-square-foot rooftop lounge.

Parking: 565-space parking garage with 100 spaces for public use.

Amenities: Great Fire of 1901 memorial — 18 columns symbolize the piers and wharves once at the city’s edge; rooftop and ground-level riverfront outdoor bars and dining.

Financial: $118,608,000 project cost, includes:

• $9 million land cost.

• $90,085,619 construction costs.

• $15,964,128 permits and fees.

• $3,558,253 contingency.

Jax Riverfront LLC

Jax Riverfront LLC

Partnership between Jacksonville-based SouthEast Development LLC and Nashville-based City Development Co.

Hotel: 150-room Reverb by Hard Rock hotel.

Residential: 

• 95 residential one-, two- and three-bedroom condominiums.

• 300 apartments. That includes:

• 60 workforce housing apartments.

Retail: 54,575 square feet of retail and entertainment space including a rooftop restaurant.

Office: Flexible space.

Parking: 425-space subterranean structure.

Amenities: Marina cafe with green roof; public hardscape and plaza.

Financial: 

• $8 million land acquisition cost to the developer.

• $253,450,000 total development cost includes:

• $43.2 million hotel.

• $137.65 million multifamily and parking.

• $52.6 million residential condominiums.

• $13.75 million retail.

• $6.25 million office.

Carter: The Hardwick at Ford on Bay

Carter: The Hardwick at Ford on Bay

Carter is an Atlanta-based developer that specializes in mixed-use multifamily, office and student- housing projects.

Dimensions: 300-foot-tall residential tower, 75-foot residential pedestal. 

Residential: 332 units.

Retail: 25,000 square feet including two restaurants, one of the riverfront.

Parking: 550-space garage with 125 retail parking spaces.

Amenities: Rooftop pool and amenity deck on top of the parking garage; waterfront plaza; eco-buffers, tree canopy; green roofs waterfront park;  and water resilient garden courtyard for storm surge resiliency.

Financial: 

• $2.43 million estimated CBRE broker commission.

• Land conveyed at no price by the city. 

• $2.5 million public open space.

• 20-year, 75% Recapture Enhanced Value Grant (property tax refund).

• $140 million total developer cost.

 

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