Vestcor Looks At Developing Mixed-Use Project In Murray Hill

Jul 10, 2019

The Vestcor Companies proposes a mixed-use development in Murray Hill, the more than century-old redeveloping neighborhood west of Riverside and Five Points near Downtown.

WJCT News partner the Jacksonville Daily Record reports TVC Development Inc., part of Vestcor, needs a zoning exception to redevelop the former Bank of America property and parking lot on 3.69 acres at 840 Edgewood Ave. S., at northwest Edgewood Avenue and Kerle Street.

The company has a contract to buy the property, said TVC President Ryan Hoover, but plans are contingent on approvals.

Ryan provided an updated site plan to replace one filed with the application.

That plan shows 117 multifamily units, retail space and a leasing and amenity center along with surface parking.

The project is designed as a four-story building.

The ground floor comprises 11,000 square feet of retail space; a 5,000-square-foot leasing and amenity center; and several units.

Apartments comprise 59 one-bedroom, 42 two-bedroom and 16 studio units, according to the plan.

Hoover emphasized that the project is preliminary and that an exception is needed to proceed.

An expanded version of this story is at JaxDailyRecord.com.