More apartments planned for Riverside Avenue project in Jacksonville

The developers of 220 Riverside are moving ahead with the next phase. The plans call for 213 apartments along with 18,000 square feet of retail space.

NAI Hallmark Partners plans to build the project immediately east of 220 Riverside, on the land between that and the new Brooklyn Station on Riverside.

The new project is expected to cost $42 million, and the developer is asking City Council for about $7 million in property tax rebates over the next 20 years.

Its being called 200 Riverside at this point, but that could change, said David Auchter, executive vice president of NAI Hallmark Partners. He said he hopes to begin construction by the end of the year.

When 220 was designed, a second phase was envisioned and the project was designed accordingly, Auchter said. It will tie in with 220 and look like one seamless project.

Construction began in 2012 on 220 Riverside, which includes 294 apartments, 18,000 square feet of retail space and a public/private park called Unity Plaza.

The first residents are expected to move in by the end of the year, he said, with completion expected in March.

Pollack Shores Real Estate Group of Atlanta is building a 310-unit apartment complex called Brooklyn Riverside right behind Brooklyn Station on Riverside.

Meanwhile, NAI Hallmark Partners is still planning to put a hotel on its property on Forest Street. It could present a conceptual plan to the Downtown Investment Authority as soon as this month, Auchter said.

The plans call for about 150 rooms, he said, but no contract has been signed with a hotel chain.

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More apartments planned for Riverside Avenue project in Jacksonville