DIA Approves $182.2 Million Times-Union Site Plan With 1st-Phase Restaurant
Atlanta-based Fuqua Development LLC’s plans for a $182.2 million project at the former Florida Times-Union site in Brooklyn will include a riverfront restaurant in the first phase.
The Downtown Investment Authority Board voted 7-0 on Sept. 2 to approve a $31.59 million incentives package for the project after delaying the vote two weeks to push the developer to add the restaurant.
Board members David Ward and Craig Gibbs were absent.
Fuqua wants to demolish the T-U building and replace it with One Riverside Avenue, a residential and retail project along the St. Johns River.
The project proposes developing the west portion of the property, about 13.42 acres, in two phases. It includes a grocer, retail uses and 271 apartments in two multifamily buildings.
The plan also would restore McCoys Creek and add a public park to the east side of the property.