Southbank Developer Greenlighted for RiversEdge Marina

A Jacksonville-area river water planning district okayed a permit for Southbank to build a 125-slip marina at part of the RiversEdge project. Preston Hollow Community Capital’s massive, mixed-use project includes retail, office, restaurants, a hotel, hundreds of residential units and new riverfront park space on 30 acres.

Preston Hollow is not the vertical developer for RiversEdge. Instead, it markets the individual property parcels to developers.

Toll Brothers, a national luxury home builder, is developing 40 townhome units for the project. It purchased a 2.76-acre parcel within RiversEdge for $4.1 million in March.

Commercial Edge reports RiversEdge’s several moving parts are starting to fall in place, moving its expected 2025 delivery closer to reality.