Phase 1 underway at Beacon Riverside

Phase 1 underway at Beacon Riverside

Rebuilding of the bulkhead along the riverfront for Beacon Riverside, a 15-story luxury residential tower on the St. John’s River in the historic Riverside neighborhood, is part of phase one construction while early reservations are being converted into contracts. According to Bryan Weber, Principal, Multifamily, NAI Hallmark Partners, this is preliminary work before tackling the site of the tower later this fall.

Farrell Bros. Marine Construction, Inc. is doing the bulkhead work along with construction of the residents’ dock. Weber indicated that the project will “go vertical” after at least 50
percent of the units are under contract. “Based on our current success of converting those early reservations into contracts, we expect to be at 25 percent after this first round,” Weber said. “Sales this fall should get us to 50 percent.”BeaconBulkhead

Weber also noted that Hallmark Partners is in active negotiation with a local contractor with significant condominium experience.

Sales agent selected

In an agreement with HP 500, LLC – an affiliate of Hallmark Partners – Berkshire Hathaway HomeServices Florida Network Realty has signed on as the exclusive sales agent for Beacon Riverside.

Realtors from the real estate company’s eight offices, including those in Avondale/Ortega and San Marco/San Jose, will look for 45 homeowners interested in riverfront living. The condominium, located between Lomax Street and Bishopgate Lane, offers 2,400- to 5,000-square-foot condominiums beginning in the upper $700,000s, with penthouse plans topping $2 million.

Hallmark is also developing the 220 Riverside apartment/retail project and partnering on the Unity Plaza public park area in the Brooklyn neighborhood.
For more information about Beacon Riverside, contact Director of Sales Nicole Dana at (904) 696-9200 or visit www.beaconriverside.com

By Kate A. Hallock
Resident Community News

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