The Top Deals of 2022: One Riverside breaks ground

From billion-dollar sales to apartments and a naval museum, this is one of the top deals in Northeast Florida over the past year.

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One Riverside breaks ground

The former Times-Union site will become apartments and a Whole Foods Market.

The 55-year-old 1 Riverside Ave. newspaper campus became One Riverside, cleared and ready for its $250 million transformation.

Atlanta-based Fuqua Development, led by Jeff Fuqua, started 2022 paying $25 million for the 18.84-acre former Florida Times-Union property on the Downtown Northbank riverfront. About 12 acres are dry upland.

Fuqua immediately sold 4.3 acres to Atlanta-based TriBridge Residential LLC for $15.5 million for apartments and restaurants and 4.95 acres to the city for $6.04 million to restore McCoys Creek and build a public park. 

He demolished the Times-Union buildings and cleared the site.

TriBridge broke ground in September for the first 270 apartments; 125 will be in a second phase. 

The city is preparing for its part of the project, which links to the Emerald Trail under construction.

Fuqua is working on construction of Whole Foods Market and retail stores.

The Jacksonville City Council approved property tax breaks, a forgivable restaurant loan and a parkland buyback to support the development. 

The Fuqua deal ended a 55-year era.

The campus was built in 1967. The Morris family bought the property in 1982 and sold the paper in 2017. The staff, now down to 22, moved to Wells Fargo Center Downtown in April 2019.