I first wrote about Wells Creek a little more than two years ago. But the big project off Philips Highway has been in planning and permitting since then. Now it’s before City Council for approval.
It’s a big one — 850 acres — but a lot of it is wetlands and can’t be developed. Current plans call for 800 single-family homes and 125 townhomes.
The townhomes have been added since the project first arose. Art Lancaster, vice president of Eastland Partners, which developed Bartram Park and Queens Harbour and is developing this, said they’ve done very well in Bartram Park.
Wells Creek, he said, is basically an extension of Bartram Park. Single-family homes will probably start in the $250,000-$280,000 range.
There’s still some permitting to do, both environmental and building, but he said ground-breaking should be spring 2018.
It’s on the east side of Philips Highway, about 1½ miles south of Florida 9B.
The land has been purchased and the building permit issued for Lofts at Monroe. Ground-breaking is now expected in late October for the five-story, 108-unit apartment complex going in on the block bounded by West Monroe, West Adams, North Davis and North Lee streets.
TVC Development is developing that one, along with Lofts at LaVilla, which is just about finished and expecting its first tenants in early December. Lofts at Monroe is expected to be finished in December 2018.
Both complexes are partially funded with low-income tax credits from the state, and are considered affordable housing with lower rents and income qualifications.
The company paid $1,550,000 for the 1.44 acres on West Monroe. The price tag for constuction is expected to be $12.4 million.
Barnwell Manor is a new development going into Nassau County, along Barnwell Road and just off Florida 200.
It’s approved for 191 single-family homes, but David Smith, division president for AV Homes, said it could be a few less.
It’s going to have 90-foot lots, which is becoming pretty unusual these days in new homes, where lots half that size are not uncommon.
Prices will start in the high $200s and go into the $300s, he said.
He’s hoping to have models open by the end of the second quarter of next year.
The target market, he said, is the more mature buyer with either older kids at home or empty nesters.
“New homes on the island are a fairly limited resource,” he said. “With this, you can be on Amelia Island in minutes and save 25 percent on the purchase price.”
AV Homes paid $2,765,200 for the 120 acres, buying it from Corner Lot Development Group, a Jacksonville company that’s been getting more active in developing new projects like this.
Among AV Homes’ other projects is Amelia Walk, off Amelia Concourse in Nassau County.
About 50 homes have been sold there at an average price of $340,000. It’s also doing Old Still, a 124-home community on Baymeadows Road East in Jacksonville.
Prices there start in the mid-$300s and the community is about two-thirds sold, Smith said.
John Merrill Homes has paid $1,105,000 for 2.5 acres where Green and Myra streets dead end before the railroad tracks, and expects to start work on the first home there this week.
As I wrote in April, a new development called Green Hills is going into the property with 17 lots.
Corner Lot Development Group also put that project together, but John Merrill Homes is taking it from here, with homes starting at around $350,000.
Adam Merrill said he also purchased six lots on Ernest Street, just west of Stockton, where he plans to build similar homes.
He’s planning two spec homes in Green Hills and two more on Ernest that should be ready for purchase and move-in by March.
Three home builders have made large purchases of lots in Timberland Ridge at Nocatee. Providence Homes paid $1,527,600 for 19 lots and Weekley Homes paid $1,338,000 for 20 lots. ICI Home paid $2,356,200 for 33 lots.
Homes are expected to be 1,800 to 3,200 square feet, with prices starting in the low $300s. The first model homes are expected early next year.
The neighborhood is fully in Duval County off Valley Ridge Boulevard.
Crowley Maritime has sold its headquarters building at 9487 Regency Square Blvd. to SunTrust Equity Funding of Atlanta for $20,136,552. But it’s going to lease the building back and continue to occupy it.
“Crowley is not in the office real estate business,” said spokesman David DeCamp. “This was one of the few properties that we owned, and we decided to monetize the value of the building and use the proceeds to help fund our growth plans. This is something that we’ve been looking to do for quite some time. That said, we are committed to staying here. We have entered into a sale-lease back agreement for the property and will be located here for the foreseeable future.”
About 950 of the company’s 5,300 employees work in the building.
Crowley bought the five-story, 112,000-square-foot building from Aetna in 1993 for $6 million.
The first Florida location of Define Body &Mind has opened at 1822 3rd St. S. in Jacksonville Beach. The Texas-based chain uses a four-point approach to health in four distinct classes — barre, indoor cycling, yoga and meditation (called mind-hammock.)
The local franchise is owned by Kelly Kuntz and Julianne Klempf.
1301 Riverplace Blvd., interior demolition on 27th floor for Ameris Bank, $208,000, 17,000 square feet, Adams Interior Contractors.
7067 Collins Road, tenant buildout for Pet Supermarket, $312,326, 6,500 squrae fee,t J. Raymond Construction Co. Pet Angels Animal Hospital will also go into the new building under construction in front of the Walmart.
5917 Roosevelt Blvd., tenant building for Lucky Ducks Arcade, $11,300, 2,424 square feet, KLT Construction.
7116 Owl Ridge Lane, addition to L’Arche Rainbow Workshop with therapy pool, $436,000, 1,426 square feet, The Angelo Group.
20 W. Adams St., buildout of FSCJ cafeteria, $1 million, 5,072 square feet, Danis Construction. Lerner Building at 20 W. Adams St. FSCJ is leasing the entire Lerner Building. The 90-seat cafe, which will be part of the school’s culinary arts program, will be on the first floor with 20 apartments for students taking the top five floors. It’s expected to open early next year with students moving in soon after.
4931 River Point Road, new two-story home on the river in Empire Point off Atlantic Boulevard, $1.1 million, 6,230 square feet, John Merrill Homes. The previous home, built in 1954, was permitted for demolition earlier this year after a fire.
3460 Beach Blvd., demolition of former Wendy’s restaurant, $15,000, 3,005 square feet, Realco Recycling. Demetree Brothers, owners of Southgate Plaza plan an eventual renovation of the shopping center, but a spokesman said this is just a preliminary move before that.
2305 N. Liberty St., demolition of warehouse leaving slab, $69,465, 37,100 square feet, Burkhalter Wrecking.
11362 San Jose Blvd., tenant buildout for Cinnaholic, $50,000, 1,351 square feet, Andrian Hayes Inc. It will be the second location of the cinnamon roll chain in Florida and first in the area.
4500 Salisbury Road, tenant buildout for RS&H, $92,172, 3,970 square feet, Emerald C’s Development.
7060 103rd St., tenant buildout for The Glass Doctor, $48,547, 1,170 square feet, B. Hurd Realty Services.
4674 Town Center Parkway, swimming pool for Ravella Town Center apartments, $172,500, The Loyd Group. The 306-unit apartment complex is being built in The Strand.
1185 Kraft Road, new playground at city’s baseball park, $53,000, Scaff Builders.
1856 Davidson St., foundation for Splash Jax Swim School, $35,000, Lighthouse Construction of Northeast Florida.
5130 University Blvd. W., renovation for Pet Paradise Wellness Center, $94,358, 1,550 square feet, JW Building Construction.
11380 Beach Blvd., tenant buildout for Hot Pot Asian restaurant, $150,000, Fudin Construction.
3935 Toledo Road, tenant buildout for Jax Golden Arcade, $19,500, 3,100 square feet, Prism Design &Construction.
5287 Commissioners Drive, new single-family home in Pablo Creek Reserve, $1,210,000, 6,550 square feet, Marcus Allen Homes.
9965 San Jose Blvd., repairs to Loop Pizza Grill, $37,578, River City Construction Group.
8221 Southside Blvd., repairs to Loop Pizza Grill, $113,450, River City Construction Group.
13940 Beach Blvd., new Gate Express Car Wash, $1.3 million, 4,142 square feet, Auld &White Constructors. The company is planning about 20 car washes in the area. Two are already under construction: Collins Road in front of the Walmart should be open before the end of year, Nocatee should open the first quarter of 2018.
Cherishome Living of Ontario paid $48.6 million for the Coventry Park apartment complex at 6650 Corporate Center Parkway. The 360-unit complex was built in 2009. Last year, Cherishome paid $45,855,000 for the Waterford at Mandarin apartments on San Jose Boulevard.
Medproperties Holdings of Dallas paid $16,023,000 for the three-story, 31,446-square-foot medical office building at 4549 Emerson Expressway. It was built in 2009 and last sold for $13.3 million in 2013.
Oro Capital Advisers paid $15.2 million for Cross Creek Apartments, 1441 Manotak Ave. The 292-unit complex was built in 1973 and last sold for $8.7 million in 2014.
Builders of the Faith Christian Center and Day Care Inc. paid $990,000 for the former Oak Crest Methodist Church, 5900 Ricker Road, consisting of four buildings on 4.9 acres.
GMC Hospitality LLC of Yorktown Drive, N.Y., paid $9.9 million for the 88-room Holiday Inn Express &Suites at 4675 Salisbury Road. It was built in 1998.
HPT IHG-2 Properties Trust paid $8,275,730 of Newton, Mass., paid for the 112-room Residence Inn by Marriott at 8365 Dix Ellis Trail. It was built in 1986 and last sold for $4.6 million in 2014.
Hugh Joseph Cornyn Trustee et al of Newport Beach, Calif., paid $4.8 million for the 16,827-square-foot Caliber Collision building at 7208 Golden Wings Road, off Roosevelt Boulevard. It was built this year on 2.4 acres that sold for $625,000 last year.
HSW Associates Inc. of Tampa paid $3.5 million for the vehicle service building at 4237 Blanding Blvd. It was built in 1974 and last sold for $886,500.
OM Property Holdings of Forest Hills, N.Y., paid $1,415,930 for the MedExpress building, 7720 Merrill Road. The former Arthur Murray Dance Studio sold in February for $550,000, and was torn down and replaced by MedExpress.
9055 New Kings Road LLC of Boca Raton paid $2,407,500 for the Wendys building at 9055 New Kings Road. It was built in 2012 and sold for $1.6 million in June.
E&R Salisbury Properties of Jacksonville paid $2.3 million for the three-story, 39,416-square-foot office building at 4401 Salisbury Road. It was built in 1983 and last sold for $1.45 million in 2011.
Gate Parkway Holdings LLC of Jacksonville paid $2.2 million for 16.9 vacant acres on Gate Parkway.
2550 Mayport Road LLC of Millbrae, Calif., paid $1.1 million for the 13,140-square-foot shopping center at 2550 Mayport Road.
Dog River LLC of Jacksonville paid $475,000 for the church at 4900 Baymeadows Road.
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