The parent company of The Florida Times-Union has put its riverfront property on the market and a list of options on the table. But the most likely future of the 18-acre parcel is as a site for apartments and retail shops, local developers and brokers say.
“We’re open to anything and everything,” said Times-Union Media President Mark Nusbaum, mentioning as possibilities office space, residential units and mixed-use retail. He said that given the number of options involved, it could be as many as five years before the sale or redevelopment of the property at the foot of the Acosta Bridge and the start of Riverside Avenue.
Those in the real estate business all pointed to mixed-use — primarily multifamily housing and retail.
“Well, first of all, I hate competition,” said Peter Rummell as he laughed because his own mixed-use project, called The District, is scheduled to begin construction on the Southbank later this year.