Chase Properties plans to build a 53-unit town home community called TrailView on the Downtown Southbank, the Jacksonville-based commercial real estate developer said Feb. 5 in a news release.
The community will be on 4 acres on Reed Avenue. It will be near the RiversEdge commercial and residential project and WJXT TV-4 studios.
The project is being developed through CHAD Development LLC, a Chase Properties subsidiary, according to the release.
The three-story town homes will have a pedestrian and bicycle bridge that will connect the community to the Emerald Trail and the RiversEdge MarshFront Park. It will have public amenities.
TrailView will be part of the 32-acre mixed-use project first developed by Mike Balanky, Chase Properties, president and CEO, who envisioned The District. In 2016, he sold his interest to partner Peter Rummell. The District has been renamed RiversEdge.
Because the property is near wetlands, Chase Properties engaged environmental, engineering and design firms to develop the project. The site sits along a tidal creek that flows into the St. Johns River, the release said.
Other agencies involved in permitting include the Florida Department of Environmental Protection, the Federal Emergency Management Agency and the U.S. Army Corps of Engineers. Flood and stormwater management plans will retain water on-site, preventing impact to neighboring properties.
Chase Properties will work with the Downtown Investment Authority and the Downtown Development Review Board as the project progresses. The Claxton Bank provided the financing.
Chase Properties bought the property through CHAD Development LLC from the Jacksonville Humane Society on Dec. 16 for $1.6 million.
The funds will go towards a capital improvement fund for the Jacksonville Humane Society’s Adoption and Education Center on Beach Boulevard that opened in 2017.