More apartment complexes are in the works, going in north, east and south.
Becovic Companies of Fishers, Ind., recently paid $1,125,000 for 22.77 acres at Broward Road and Island Point Road in North Jacksonville, just across the Trout River. There it plans to build The Preserve at Island Pointe, a 192-unit complex with what owner Muhamed Becovic calls “high-end amenities and green technology. That’s what we do.”
He expects to break ground early next year and construction to take 18 months.
The company has been active in Jacksonville for the last several years.
In 2014, it paid $5.12 million for the 152-unit Ortega Arms Apartments and renamed it Ortega Pines. It sold that in November for $7.5 million.
But Becovic said he’s particularly fond of Mayport.
The company is nearing completion on the 152-unit Ocean Blue at 2760 Mayport Road. He said the first units should be available there in September with completion a few months later.
Last year, it paid $1.6 million for seven of the nine buildings in Atlantic Beach Villas on Quad Court, off Mayport Road in Atlantic Beach and $7.8 million for the 100-unit Atlantica apartments, a half-mile farther north on Mayport Road.
I first wrote about JTB apartments last June — 350 units at 8876 A.C. Skinner Pkwy., just west of Southside Boulevard and south of Butler Boulevard. At the time, work was scheduled to begin late last year, but the project is just now working its way through the permitting process.
The 13.3 acres sold last year for $3 million. Killashee Investments of Ponte Vedra Beach and Presidium Group of Austin, Texas, are developing it.
Vera apartments are going in at 13051 Gran Bay Pkwy. in Flagler Center. There will be 252 units, three buildings, three stories with elevators. Gray Schaufler of Davis Development said they’ll be Class A luxury apartments. Among the amenities: Saltwater pool, car-care center, coffee and hot tea bar, yoga and spin room and business center.
Schaufler said dirt is already being moved and he hopes to start delivering units in nine months.
Davis Development of suburban Atlanta is also planning a 289-unit complex in the new Gateway Village at Town Center, at the corner of Gate Parkway and Deerwood Park Boulevard, just south of Butler Boulevard. Schaufler said groundbreaking will be early next year, with the first units delivered late 2018.
A couple of new subdivisions are in the works, but both depend on rezoning.
There are 32.6 acres that runs from the corner of Hood and Lourcey roads to Old Kings Road, just south of Sunbeam Road. Despite being in squarely in town, cattle have been grazing there.
Plans call for 106 lots, with the only access from Hood Road. KB Home is schedule to buy it and build there, but since it hasn’t closed on the property, it’s not talking.
KB Home has built two communities along Sunbeam: The 68-home Wexford Chase in 2011 and the 48-home Abby Glen in 2014. Both are sold out.
Meanwhile, Mill Creek West is planned on the plot of land on Regency Square Boulevard North and Kendall Drive, immediately west of the Southside Connector. Greg Matovina, the developer, said he’s got the land under contract and will close once it’s rezoned.
The first phase, with 15 50-foot lots, has already been approved. The second phase still needs city OK, but he’s hoping for 60 40-foot lots.
The plan, he said, is then to sell it to D.R. Horton, who will build the homes. Prices will run from the low to upper $200s.
Matovina &Co. just broken ground on the Cottages at Glenmoor at the World Golf Village. Dream Finders Homes will buy all 56 lots, he said, with prices running from the $300s to low $400s.
Last week’s item on Green Hills, a new 17-home development going into Riverside, gave an inaccurate view of the role of Riverside Avondale Preservation. The group does not have any official role in the approval process, neither of the entire project nor of each home’s design. It only offers opinions to the various approving authorities.
Meanwhile, I had a couple of interesting emails from readers about the property at the end of Myra and Green streets. It was once a city park, one said, with a baseball field, playground and a building where dances were held for teens each Saturday night. One reader, who used to live in the area, was convinced nothing in that immediate neighborhood would sell for more than $100,000.
It wasn’t that long ago that that was true. But not anymore. Here’s what some homes there sold for last year:
2791 Myra, $192,000
2786 Dellwood, $170,000
2754 Myra, $210,500
835 James, $229,500
841 James, $205,000
A reader asked about the big structure going up in front of the Holiday Inn on Atlantic Boulevard and I-295. It’s a four-story self-storage unit. The construction details: $3,788,150, 80,613 square feet, Par Builders. A company in Georgia owns 1.34 acres there.
I Love Kickboxing has opened a second franchise location in Jacksonville at 12220 Atlantic Blvd. The first location opened in 2015 at 10601 San Jose Blvd. in Mandarin.
4866 Gate Pkwy., new Wawa convenience store and gas station, $1,115,400, 6,119 square feet, IConstructors LLC.
13913 Duval Road, new office in existing building at Metal Supermarkets, $166,000, 8,390 square feet, Richard Haskew.
1660 Prudential Drive, build-out for payroll on first and second floors of Baptist Health, $426,292, 6,077 square feet, Adams Interior Contractors.
7450 Beach Blvd., expansion of River City Science Academy, $346,093, 24,133 square feet, Blue Ocean Construction.
4450 Tropea Way, foundations for three apartment buildings at Town Center Promenade, $749,250 each, Tribridge Residential Construction. The complex will have 287 units.
13424 Speicher Drive, new Hangar 955 at Cecil Airport, $4.5 million, 30,000 square feet, Scherer Construction of North Florida.
7117 Merrill Road, renovation of Publix, $182,065, 40,014 square feet, Elkins Construction.
601 Riverside Ave., modifications of three breakrooms at FIS, $33,960 each, Fickling Construction.
1200 Riverplace Blvd., renovations of Stein Mart lobby, $109,485, 1,000 square feet, Adams Interior Contractors.
4474 Town Center Pkwy., interior build-out for Starbucks, $225,000, 2,120 square feet, Elfrink Custom Construction.
9703 San Jose Blvd., tenant build-out for Graffiti Junction, $123,987, 2,704 square feet, PPD Construction Services. The restaurant is going into the building last occupied by Steamers.
7217 Atlantic Blvd., modify the Famous Bull Tavern (no relation) to meet ADA requirements, $5,000, Richard Thompson Corp.
11700 San Jose Blvd., interior work for a frozen yogurt shop in Mandarin South Shopping Center, $182,180, 1,541 square feet, Crabtree Construction.
7716 Atlantic Blvd., convert pawn shop to game room, $3,000, Fulmer Inc.
1 EverBank Field Drive, build-out of two concession areas at Daily’s Place Amphitheatre, $218,828, 4,160 square feet, C&R General Contractors.
12900 Pecan Park Road, conveyor and platform installation at Amazon fulfillment center. $16,542,750, Shaycore Enterprises. By the way, for all the people who keep calling the Times-Union, thinking they’re calling Amazon, the company has posted 12 jobs on its website, Amazon.jobs. The bulk of the hiring will not begin for a couple more months.
6805 Southpoint Pkwy.,improvements to existing building, including ADA entrance, $601,522, Bent Construction.
655 W. 8th St., renovation of existing coffee kiosk at UF Health Shands, $328,162, 351 square feet, JB+J Construction of Florida.
CSX Transportation paid $1.7 million for a 4,244-square-foot condo, the Peninsula at St. Johns. A spokeswoman for the railroad said it will use the condo for visiting executives. The complex was built in 2008 and that unit sold for $1.6 million when new.
Pickwick Jax LP, an unidentified equity group from Saskatoon, Saskatchewan, Canada, paid $14.8 million for the 152-unit Pickwick Apartments at 3580 Pall Mall Road, off San Jose Boulevard in Mandarin. They were built in 1985 and are 99 percent occupied. Killashee Investments brokered the sale.
CCP Commercial Real Estate of Virginia paid $22.5 million for the five-story, 230,374-square-foot office building and five-story parking garage at 8800 W. Baymeadows Road. They were built in 1993 and last sold for $20.8 million in 2004.
William and Valerie Scrogins paid $3.9 million for the 6,840-square-foot home at 133 Beach Ave., Atlantic Beach. The beachfront home was built in 2004.
SAS Hillsborough LLC of Santa Barbara, Calif., paid $3,047,000 for the Tire Kingdom building, 9628 Argyle Forest Blvd. It was built in 2014 and sold that year for $2,788,300.
1201 Atlantic LLC of Smyrna, Ga., paid $1,250,000 for the Whataburger building at 1201 Atlantic Blvd., Neptune Beach.
Kenneth and Barbara Sweder paid $2,732,500 for the 4,124-square-foot home on the ocean at 3892 Duval Road, Jacksonville Beach. It was built in 1949 and last sold for $2.1 million in 2003.
Mark Wallace and Josee Boudreau paid $2,275,000 for the 6,309-square-foot home at 5325 Chandler Bend Drive in Pablo Creek Reserve. It was built in 2016.
1956 Jammes Apartments LLC of Miami paid $1.6 million for 49 units in Ginger Park condominiums, 1956 Jammes Road. They were built in 1963.
Timothy and Kelly Owens paid $1,350,000 for the 3,422-square-foot home on the river at 2030 River Road in San Marco. It was built in 1974 and last sold for $600,000 in 1996.
Ninora LLC of Ponte Vedra paid $900,000 for the 14-unit Baywood apartments at 4565 Lexington Ave. in Lakeshore.
Bird Emergency Aid and Kare Sanctuary paid $800,000 for a 2,810-square-foot home on 2.75 acres at 11996 Houston Ave., just south of B.E.A.K.S.’ property.
Roger.email@example.com, (904) 359-4296