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Jacksonville's Downtown Real Estate Junkies Hoping for Completion of Berkman II.

The original Berkman II was to be condominiums. New plan is for apartments.
Berkman II construction was halted in 2007.
If you're the glass-half-empty type, you might appreciate this. An Atlanta apartment developer is talking about buying the half-built Berkman II Condos on Downtown's North Bank. The general contractor, Choate Construction, was the only bidder for the foreclosed property in April.  (The auction started at 11:00 a.m. and ended at 11:02. Choate got the property for $100). 


The Jacksonville Business Journal reports that the unidentified developer visited Jacksonville just last week, meeting with city officials. Since the original plan called for condominiums, and the new plan is for apartments, they'll be some rezoning involved. The Journal reports that the deal could be finalized within 60 days. Estimated time to completion, less than a year. It could be a barometer for how well apartments are doing along the river downtown, that the Strand, which changed hands last fall, fetched far less than expected.


Agent Alan Aptheker at Bloom Realty
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