Excerpted from Jacksonville Business Journal story.
TriBridge Residential and TLM Realty Corp announced plans for a retail and commercial development in Neptune Beach near the Beaches Town Center Monday.
The first phase will include 30,000 square feet of retail on the ground floor with a 44-room boutique hotel above the retail. The development’s first phase will include public courtyards, tree-lined streets and ample parking. Currently in the planning phase, construction on phase one is anticipated to commence in early 2020.
Plans for the second phase include an approximately 150-room upscale hotel from a national brand featuring a custom design to complement Saltwater Row’s architectural style.
“We are thrilled to announce our new and exciting vision for Saltwater Row,” said TriBridge Residential Principal of Development Katherine Mosley. “Our goal is to transform a sluggish plaza into a dynamic shopping and entertainment destination with curated retail, restaurants and hotels, attracting locals and visitors alike.”
Franklin Street Real Estate Services is actively pre-leasing Saltwater Row. The company has letters of intent and lease negotiations underway with several retailers including a brew pub, breakfast-focused café concept, lifestyle and yoga studio, gourmet donut shop, and a local clothing boutique.