Infrastructure work underway at Southbank’s RiversEdge

Infrastructure work underway at Southbank’s RiversEdge
A rendering of the completed RiversEdge: Life on the St. Johns. Render provided by Preston Hollow Community Capital, LLC.

Initial phases of the downtown Southbank ‘RiversEdge: Life on the St. Johns’ project are underway as the much-anticipated riverfront development continues to progress, transforming the vacant lot once belonging to JEA.

After a groundbreaking ceremony in May 2021, residents can now see tangible evidence of RiversEdge taking shape as infrastructure is being installed. This current phase of construction includes the creation of a new seawall, new bulkheads and a riverwalk extension. The new bulkhead is near completion and the site infrastructure as a whole is expected to be completed toward the end of the year.

The RiversEdge development as a whole is expected to be completed in 2024. Once completed, the 32-acre expanse is expected to offer 200,000 square feet of office space and 134,000 square feet of retail space as well as 950 residential units,147 hotels rooms and a 125-slip marina.

The developer for RiversEdge is Dallas-based Preston Hollow Community Capital, LLC.

The next stage of construction will be vertical construction.

Last year, Toll Brothers was announced as the first confirmed vertical developer for RiversEdge; it is contracted to build 40 townhomes.

“We are in discussions with a number of other vertical developers that would be coming out of the ground, again, latter part of this year, beginning part of next,” said Preston Hollow Community Capital Managing Director Ramiro Albarran.

Previously known as “The District,” the development was rebranded as RiversEdge last year.

“We’re excited about the rebranded name, RiversEdge, Life on the St. Johns,” Albarran said. “We feel that name and that brand will be representative of the project that comes out of the ground as we start to see vertical development and the parks take shape sometime next year.”

In addition to the retail, office, residential and hotel spaces, RiversEdge will also feature public park spaces — including a central riverfront park — covering more than four acres.

A development several years in the making, RiversEdge has garnered considerable excitement as it begins to take shape and will continue to do so during these next two years of building.

“We enjoy being corporate citizens of the Jacksonville community,” Albarran said. “We’re big believers in Jacksonville. We’re very excited about this project and we do believe it’s going to be transformative for the Jacksonville community.”

By Michele Leivas
Resident Community News

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