Riverside/Downtown Apartments Nearing Completion

Carole Hawkins of The Daily Record has an article on the delivery of two downtown apartment communities – Brooklyn Riverside (310 units) and the nearby 220 Riverside (294) – that are coming on line in the next few weeks.  Reportedly, 32 tenants have pre-leased at Brooklyn Riverside and will move in as soon as the city finalizes their inspections of the first buildings.  Rental rates are $909-$2,185 or $1.37 to $1.69/SF at Brooklyn Riverside while at 220 Riverside rents are $11,090 to $1,825 or $1.52 to $1.76/SF.  The developer of Brooklyn Riverside reports the strongest demand thus far has been for 1BR units, not surprising given the location and the design/architecture.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on April 15, 2015, in Development, Downtown, JAX Daily Record, Multifamily and tagged , , , . Bookmark the permalink. Leave a comment.

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