The St. John Project in Downtown Jacksonville

Hines, in partnership with South Shore Group Partners, LLC (SSGP) is developing a signature high-rise condominium located in downtown Jacksonville on the Southbank of the St. Johns river adjacent to The Aetna Building and Baptist Health in San Marco. The project is planned for up to 300 condominium and townhome units ranging from 900 to 3,000 square feet, together with a full range of unprecedented amenities. The building will break ground in December 2006.

Designed by Arquitectonica and strategically situated on a dramatic bend on the Southbank, the project will enjoy expansive views of downtown and the river to the northeast, and Riverside/Ortega and sweeping river views to the southwest. The location is within walking distance to dining and shopping in San Marco, as well as offices on the Southbank.

Walter O'Shea, vice president for Hines Interests, said Jacksonville is the perfect market for his product.

"The St. John represents a logical expansion of Hines' presence in Northeast Florida," O'Shea said. "At Palencia in St. Augustine, we have demonstrated the importance of quality architectural design and innovative planning, to value creation in residential real estate. We now have a chance to combine our local residential knowledge with our international, high-rise expertise.

"Apart from Hines' sponsorship, the St. John is also a distinct offering for prospective downtown residents given its location at a 90-degree bend in the St. Johns River and its floor-to-ceiling exterior glass wall designed to maximize the striking views of the Jacksonville skyline and the river. We held a Realtor event recently on the 11th floor of the adjacent Aetna building and those attending were amazed by the views. We expect to begin executing purchase contracts at pre-construction pricing in mid-August and very quickly generate the sales we will need to then begin construction before year end."

Source: Florida Times Union