The Jacksonville Downtown Development Review Board has approved the site plan for the One Riverside development. The 18.84-acre mixed-use development will be on the former Times-Union Building site.
Fuqua Development’s plans include a grocery store, retail stores, a restaurant accessible from the Riverwalk, 271 initial residential units, and a parking garage. He also diverts and lights McCoy’s Creek and builds a public park between the creek and the CSX railroad. The width of the stream will also decrease from 40 feet to 80 feet.
The estimated cost of the project is approximately $ 182.2 million.
Ease of public access to the park and Riverwalk has been a key requirement of the DDRB and the Downtown Investment Authority. The park will also be accessible from the Riverwalk.
The project is expected to be built in two phases with a second residential complex after the stream diversion. The plans include several pedestrian and public art areas.
The pedestrian-friendly planning is in conjunction with the construction of the Jacksonville Emerald Trail.
DDRB board member Matt Brockelman said he believes the sitemap is a good balance of combining what’s desired with what’s practical.
“Sometimes it’s a little too easy for us to get stuck in the weeds,” he said. “I think we hit a pretty good balance. I don’t think we can stress enough the importance of this project for the riparian activation effort.
Council members asked for some minor adjustments to make sure the pedestrian areas and walkways were wide enough for what should be a lot of traffic.
Fuqua spokesperson Cyndy Trimmer said that wouldn’t be a problem and that they wanted to make One Riverside as pedestrian-friendly as possible.
The project includes approximately $ 31.5 million in incentives offered by the city. This bill is currently in the hands of the municipal council. If everything is approved, the grand opening could take place early next year after the old Times-Union building was demolished in April. The second phase could start around 2025.
By Kevin J. Meerschaert
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