Apartments in Jacksonville are continuing to change hands:
The massive Mathews Crossing Apartment Homes have been sold. S2 Capital of Addison, Texas, paid a total of $49.5 million for the project at 400 and 401 Century 21 Drive E., off Atlantic Boulevard. The two parcels, across the street from each other, have a total of 1,102 units and sold for $32.7 million in 2014.
They were built in 1972 and 1973, according to city records.
They’re 95 percent occupied but will be getting a major renovation.
Southport Financial Services of Tampa paid $10.4 million for Oakwood Villas, a 200-unit complex at 8201 Kona Ave, just south of Arlington Expressway. The complex falls into Section 8 and affordable housing categories, and the company used both tax credits and tax-free bonds to purchase it.
It’s currently 80 percent occupied, but the company plans to start a complete gutting and renovation. Total cost:$7.3 million. Construction will start by the end of the month and take about a year.
Harvest Holdings of Delray Beach paid $11,850,000 for the Eagles Pointe apartments at 3501 Townsend Blvd. in Arlington. The 186-unit complex was built in 1972 and last sold for $6,550,000 in 2013. Last year, Harvest Holdings paid $12,750,000 for Townsend Apartments, right across the street.
KRI Properties of Northfield, Ohio, paid $7.6 million for the Belle Rive Club apartments at 8715 Belle Rive Blvd. off Southside Boulevard. The 104-unit complex was built in 1990 and last sold for $5 million in 2003.
Two Family Dollar stores in Jacksonville have closed and will become Dollar General stores by the end of the year. Word of the change first came out in April when Dollar General filed the required layoff notices with the state. But now the stores at 3801 University Blvd W. and 8625 Old Kings Road have closed.
Work is expected to start this summer with the stores reopening as Dollar General in late fall.
The two stores are part of 323 stores in 36 states that Dollar General is buying from Dollar Express. Dollar Express bought those stores in 2015 because Dollar Tree was buying Family Dollar and had to divest some stores to avoid anti-competition fears. But Dollar Express continued to operate them as Family Dollar stores.
The stores will hire 6 to 10 employees. Information is at dollargeneral.com/careers.
7449 Merrill Road, tenant buildout for Del Rio dental office, $32,850, 1,802 square feet, Pro Construction Group.
5911 Timuquana Road, tenant buildout for Endodontic Partners, $260,268, 2,378 square feet, Dav Lin Interior Contractors.
1051 Palm Ave., seven-story parking garage at Baptist Health, $28.5 million, 792,124 square feet, The Haskell Co. Construction on the garage is already underway, and is one of three new parking facilities planned for the Baptist complex.
10663 Monaco Drive, tenant buildout for braid salon, $12,000, 1,900 square feet, Tier 1 Construction.
11215 San Jose Blvd., renovation of First Coast Women’s Services, $35,000, 3,246 square feet, Williams & Rowe Co.
10500 San Jose Blvd., interior renovation of Publix, $949,399, 62,155 square feet, Elkins Construction.
Southpoint Real Estate Holdings LLC paid $3,064,857 for the 7,333-square-foot medical office building at 7017 A.C. Skinner Parkway. It was built in 2013.
Patillo Industrial Real Estate paid $3,598,500 for 14.87 acres in Westside Industrial Park.
Juan Emerson Owner LLC et al paid $2,241,379 for the Wendy’s building, built last year at 3100 Emerson St.
Designer Lifestyles of Jacksonville paid $1.2 million for the 21,601-square-foot warehouse on 1.26 acres at 619 Cassat Ave. and the parking lot next door.
Buckeye Terminals of Breiningsville, Pa., paid $2 million for 14.53 vacant acres at 1509 Eastport Road.
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