A federal judge denied Nuveen's motion to dismiss Preston Hollow's antitrust lawsuit concluding a "plausible" claim exists to proceed. PHC faces a tougher legal road ahead in proving its rival orchestrated a damaging boycott.
Preston Hollow Capital Completes Bond Funding for Farms of New Kent Development in Virginia apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Fuqua Development officials did not respond to multiple requests for information on the estimated $250 million project and neither did the building s property owner, Morris Communications. Duval County property records show an assessed value of $15.12 million on the site.
Fuqua Development developed the 60,000-square-foot Brooklyn Station retail center across the avenue, anchored by The Fresh Market and multiple restaurants. The company also developed hundreds of multi-family units nearby, part of more than 1,000 apartments built a few blocks away as the JTA works on expanding the use of its Skyway site.
The development would be a boon to the Riverside, Brooklyn and Downtown area after The Times-Union s move to the Wells Fargo building at 1 Independent Drive. Boyer said her agency has been in discussion with Fuqua about the plans after a number of developers looked at prospects for the site.
After seven years riddled with delays and false starts, three different project names and a major shift in development control, the project previously known as The District finally broke ground Tuesday rechristened as RiversEdge in downtown Jacksonville.
Construction activity is already happening at the grass-covered, 32-acre Southbank tract of riverfront land. Preston Hollow Capital is gearing up to build bulkheads and a riverwalk extension while it seeks private developers for construction of 950 residences along with retail, office and hotel space.
Speakers at the groundbreaking ceremony noted it s been a long time coming.
“Good morning and welcome to RiversEdge many years later, but we’re here, Mayor Lenny Curry said. “It took a lot of collaboration and hard work to get to this milestone today.”