WEDNESDAY November 28, 2018
Public legal notices begin on page 3
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Daily Record JACKSONVILLE
DEVELOPMENT
THE MATHIS REPORT
Daily Record JACKSONVILLE
$52.5 million mortgage secured for Vista Brooklyn apartments
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JACKSONVILLE
Special to the Daily Record
Vista Brooklyn is in development at 200 Riverside Ave. between the 220 Riverside apartments and the Brooklyn Station shopping center. The 10-story property will comprise 308 apartments, a rooftop pool and a dog park.
Developers say they plan to start construction within 45 days. BY DAVID CAWTON STAFF WRITER
Construction of the Vista Brooklyn high-rise apartment project will begin in the next two months now that developers have secured a mortgage for the property. Bristol Development Group LLC and Hallmark Partners Inc. are developing the 10-story, 308-unit tower at 200 Riverside Ave., between 220 Riverside and the Brooklyn Station on Riverside retail development. The group secured a $52,475,360 mortgage with Citizens Bank through HP BDG 200 Riverside LLC. The mortgage was recorded Monday in Duval County.
“We’ll begin working on things within the next 30-45 days,” said Bristol Development Group Principal Sam Yeager. “We’ve been doing things on the property for some time, but you’ll start seeing construction equipment and that sort of thing soon.” The Franklin, Tennessee-based company acquired the 1.75-acre property in October 2015 for $2.1 million. In October, the group applied for a $55 million permit to begin construction. Birmingham, Alabama, construction and engineering company Brasfield and Gorrie LLC is listed as the contractor along with architectural firm JDavis Architects. Bristol Senior Vice President Scott Black said monthly rents will range from
about $1,300 to $3,500. That’s more than the surrounding Brooklyn apartment developments. According to the permit application, the community will comprise 219 onebedroom and studio units, 81 two-bedroom and eight three-bedroom units. “It will be the nicest multifamily project in Jacksonville when it’s completed,” Black said. “By a fairly large margin.” Black said Vista will include 14,000 square feet of retail space on the ground floor facing Riverside Avenue. He said Bristol is bullish on Brooklyn given the success of surrounding apartment complexes and the viability of
KAREN BRUNE MATHIS EDITOR
Pattillo plans NorthPoint warehouse
Construction to start immediately on 279,000-square-foot speculative structure. Pattillo Industrial Real Estate intends to develop a 279,000-square-foot speculative warehouse at its NorthPoint Industrial Park for single or multitenant use. “The market remains steady and we are cautiously optimistic it will continue to grow,” said Pattillo Vice President Peter Anderson. At $45 a square foot, the project would cost $12.5 million. Anderson said construction should start immediately upon permitting and be completed in July or August. He said the building is designed for one or two tenants. The city issued a conditional capacity availability statement for NorthPoint Building 12B at 12090 New Berlin Road. The site is along New Berlin Road and north of Port Jacksonville Parkway. The 12B site is next to the Building 11 property where Pattillo wants to develop up to a 1.2 million-square-foot warehouse. Anderson said previously the size of that structure would be finished to tenant specifications
SEE VISTA BROOKLYN, PAGE 2
SEE MATHIS, PAGE 2
Strings issued build-out permit The city issued a permit Monday for Strings Sports Brewery to build out at 1850 N. Main St. in Springfield. Contractor Giles-McIvor Inc. will convert the building at Ninth and Main streets into a brewery and sports bar, along with indoor and outdoor games, at a cost of $653,000. Jacksonville-native Scott Adeeb is “String” and his sons, Trevor and Colby Adeeb, are brewers. Patrick Dillon is executive chef.
VOLUME 106, NO. 9 • ONE SECTION