Fuqua Development permitted for multitenant retail building at One Riverside

Columnists
Mathis Report

The city issued a permit Oct. 22 for Atlanta-based Fuqua Development to develop a retail building at the One Riverside apartment, shopping and park project along the Northbank Riverfront at 1 Riverside Ave.

Young Construction/SE Inc. is the contractor for the 8,000-square-foot shell Building 200 at a project cost of $1.207 million.

The shell building would be leased to tenants, who would then prepare their spaces.

Plans indicate spaces for at least three tenants.

The site plan for One Riverside. Building 100 is a Whole Foods Market and Building 200 is a 8,000-square-foot shell.

Building 200 is planned on one side of the entrance into the project. Whole Foods Market is planned as Building 100 on the other side.

Whole Foods Market is shown as about 38,500 square feet.

Fuqua Development is developing the retail property as Fuqua BCDC One Riverside Project Owner LLC.

Atlanta-based Phillips Partnership is the architect. Prosser Inc. of Jacksonville is the civil engineer.

The Colliers Urban Division represents Fuqua in leasing the retail space.

One Riverside is under construction along Riverside Avenue in the Brooklyn neighborhood of Downtown Jacksonville. The project includes Whole Foods Market, apartments, and other retail spaces. — One Riverside is shiown under construction in August 2024 along Riverside Avenue in the Brooklyn neighborhood of Downtown Jacksonville. The project includes Whole Foods Market, apartments, and other retail spaces.

Fuqua Development bought the 18.8-acre site in February 2022 for $25 million. It sold 4.3 acres to TriBridge Residential LLC of Atlanta for $15.5 million to develop two phases of apartments.

The city issued permits March 17 for Live Oak Contracting LLC to start the vertical construction of the first phase of the apartments at a construction cost of $59.9 million.

The city issued permits for three apartment structures and an amenity building, which are under construction.

One Riverside is under construction at the former Florida Times-Union campus along the St. Johns River. — One Riverside is shoiwn under construction in 2023 at the former Florida Times-Union campus along the St. Johns River.

TriBridge broke ground Sept. 22, 2022, for the first phase of the riverfront apartment community.

TriBridge Partner Katherine Mosley said in September she anticipates completion of the first 270 apartments and a restaurant by year-end 2024.

Fuqua also sold 4.95 acres to the city to restore McCoys Creek and create a public park. Work is in progress.

The estimated $250 million One Riverside Jacksonville project is designed for the site next to the Acosta Bridge where The Florida Times-Union operated since 1967. The newspaper moved to leased space in the Wells Fargo Center Downtown.

City Council awarded the development a $31.59 million incentives package in November 2021.