The developer has proposed mixed-use project with retail, office, restaurant and apartment at the 18-acre former Florida-Times Union site which would be developed concurrent with the day-lighting and restoration of McCoy’s Creek. Phase 1 will include 271 multi-family units, 39,256 SF of retail (including a grocer and riverfront restaurant) and a parking garage. Phase 2 will include 125 multi-family units and 15,000 SF of retail.
MOSH announced plans to construct a new 120,000 SF museum on the Shipyards property with offerings including a walk-through aquifer exhibit and a water quality bio-lab.
Investment: $85 Million
The project, located in the Cathedral District, will be dubbed Lofts at Cathedral. Workforce housing downtown has become a staple of Vestcor’s work. The company’s Lofts at Monroe, Lofts at LaVilla, Lofts at Jefferson Station and Lofts at Brooklyn are some of the income-capped apartments it is supplying downtown and in surrounding neighborhoods, like Murray Hill.
The City is reviewing a new construction project on the riverfront site which will include 249 apartments, 40 townhouses, four penthouses and 50,000 SF of first-floor retail with a proposed grocery store and pharmacy following the demolition of a never-completed tower on the site.