The estimated $80 million project near RiversEdge and the Duval County Public Schools headquarters is up for conceptual review.
Corner Lot Development Group plans to build a 340-unit, four-story apartment building near RiversEdge on the Downtown Southbank, according to renderings released Oct. 7 by the city.
The Downtown Development Review Board is scheduled to vote Oct. 14 on conceptual design approval for the project, called Artea at Southbank, agenda documents show.
The DDRB staff report says Corner Lot plans include the apartments and a four-level, 425-space parking garage on the 3.87-acre site bounded by the Prudential Financial building’s surface parking lot, Broadcast Place, the Fuller Warren Bridge and Montana Street.
It is south of the Duval County Public Schools headquarters and northwest of WJXT Channel 4.
Corner Lot CEO Andy Allen said Oct. 7 the estimated $80 million project has been in the works for 18 to 24 months, including a pause during the coronavirus pandemic.
Allen said Corner Lot likely will seek a Recapture Enhanced Value Grant tax refund from the city for what will be a market-rate apartment project.
Corner Lot wants to break ground in the second quarter of 2022.
Artea would border the southwest corner of Preston Hollow Capital LLC’s RiversEdge master development site, formerly called The District.
The Jacksonville Transportation Authority owns the development site, according to Duval County Clerk of Court records.
JTA Communications Director David Cawton said the authority has reached an agreement with Corner Lot on terms for a long-term land lease.
Documents detailing the agreement were not available as of Oct. 7, according to Cawton.
The site is northeast of JTA’s Kings Avenue parking garage and Skyway Station.
Allen said the project is part of JTA’s transit-oriented development program, which promotes private development near public transportation infrastructure.
“We’re really utilizing the Skyway (in the project) and as the city grows, we hope more people will use that for transportation,” Allen said.
JTA awarded design-build contracts in August for the first phase of its $370 million to $400 million plan to replace the elevated Skyway monorail system with a 10-mile automated vehicle network, or Ultimate Urban Circulator.
DDRB documents show the property will be developed through the development group’s Corner Lot Living and DYNAMIK Design is the architect.
EnVision Design + Engineering and landscape architecture/planning firm Marquis Latimer + Halback also are working on the project.
The report says DDRB staff recommends that the board grant Artea conceptual design approval. The project will need final approval before Corner Lot can break ground.
The renderings show a covered rooftop terrace for residents.
In addition to the parking garage, the apartment structure will wrap around three outdoor courtyards and a pool.
The apartment would feature a 7,000-square-foot leasing office and indoor resident amenity space facing Broadcast Place.
DDRB staff wants the developer to consider more screening on the parking garage to ensure it is not visible to pedestrians on Broadcast Place.
Real estate law firm Driver, McAfee, Hawthorne & Diebenow is representing the development team for the Artea apartments.
The board’s meeting is scheduled for 2 p.m. Oct. 14.