With the news this past week that the JEA has given developers of The District an extension on buying the land for the Southbank project, you’re probably wondering about the status of East San Marco.
Yeah, well so am I.
The project has been in the works for more than a decade, and once the recession was over, there were several announcement that the start of construction wasn’t far off. Building permits were even issued at the beginning of the year with work expected to begin in April.
But ArchCo Residential, which was going to buy the property from Regency Centers and develop, is no longer involved and offered no comment.
And Regency Centers, the Jacksonville-based company which has been involved in the project since 2006, isn’t saying much either. But a spokesman did say the project is really progressing and there could be something soon.
Fort Family Investments is putting another apartment complex in on Gran Bay Parkway, between U.S. 1 and I-95 at the south end of the county. Through Luxor Club Rental Community LLC, it paid $7,888,000 for 36 acres near Egrets Nest Drive.
There, it plans Luxor Club, a 464-unit complex. Land clearing should start any day, said Abe Fort, with the foundation going in early next year and the first units delivered early 2019.
It’s pretty close to Palm Bay Club, a 416-unit complex the company opened this year and is putting on the final touches.
Luxor Club will be Fort’s seventh apartment complex in the area.
Last week, I wrote about Blackstone Real Estate Income Trust of New York paying $140.5 million for three apartment complexes. That’s not its only investment in the area.
It’s also spent more than $76 million on three warehouse/distribution centers:
- $30,350,000 for 12400 Presidents Court, 400,000 square feet on 39.79 acres.
- $24,380,000 for 2855 Faye Road, 364,560 square feet on 27.35 acres.
- $21.6 million for 4150 W. Perimeter Industrial Parkway, 260,122 square feet on 15.26 acres.
A reader asked what’s going on with the former Hardee’s on Butler Boulevard, just off Philips Highway. It’s going to be an Arby’s.
14221 Kendall Hench Circle, three-story lung bioengineering building at Mayo Clinic, $32.4 million, 75,000 square feet, Whiting-Turner Contracting. The project, a joint venture between Mayo and United Therapeutics Corp., was first announced in 2015. Its goal is to ultimately double the number of lungs available for transplant in the U.S.
601 Riverside Ave., interior renovations to Tower Catering, $75,000, Fickling Construction.
780 Whittaker Road, tenant buildout for Topaz Lighting, $542,336, 2,500 square feet, Dav Lin Interior Contractors.
5800 Ramona Blvd., demolition of part of Westside Plaza shopping center, $250,000, 95,000 square feet, R. Hartwig.
1660 Prudential Drive, tenant buildout for Baptist Internal & Family Medicine, $741,335, 9,308 square feet, Commercial Construction Services.
13553 Atlantic Blvd., new two-story shell building, $875,000, 10,592 square feet, Prestige Properties of Jacksonville.
8343-8419 Highfield Ave., four new single-family homes off Century 21 Drive, $64,000-$85,000 each, American Classic Homes. JWB Real Estate Capital is developing Southside Oaks there with 90 lots on 12.5 acres. About 25 houses have been built there, with 20 of them sold. Houses are priced $170,000-$220,000.
751 Duval Station Road, building addition and interior remodeling to Watson Realty office, $525,000, 2,442 square feet, Watson Home Improvement.
841 Prudential Drive, tenant buildout for One Call Care Management on 4th and 5th floors, $732,143, Adams Interior Contractors. One Call is consolidating its Jacksonville operations to the Southbank.
7 060 103rd St., interior improvement at Kone Crane, $179,476, 6,000 square feet, Duckworth Construction.
8200 Cypress Plaza Drive, warehouse/office project, five permits totaling $1,270,000, 69,000 square feet, C&R General Contractors. Butler95 Business Center is being developed by Property Theater.
947 Edgewood Ave. S., tenant buildout for El Jefe restaurant, $495,693, 4,016 square feet, Satilla Inc. The Tex-Mex restaurant, going into the former Curry Thomas Hardware space, is owned by Scotty Schwartz, owner of 29 South in Fernandina Beach.
4266 Sunbeam Road, renovation of account department at Community Hospice of Northeast Florida, $244,748, Sauer.
3491 Pall Mall Drive, exterior renovation of Pall Mall Business Center, $110,000, Coastal Contracting of North Florida.
14840-14859 Corklan Branch Circle, three new single-family homes in Bartram Park Preserve, $164,500-$174,950 each, Mattamy Homes.
500 Water Street, interior renovation of 1st and 2nd floor of CSX, $209,840, 19,820 square feet, Auld & White Constructors.
GSK 5111 Baymeadows Road LLC paid $3.1 million for the shopping center at 5111 Baymeadows Road, at the corner of Old Kings Road, anchored by Gubbio’s, and the convenience store in front of it. Both were built in 1984 and last sold for $3,750,000 in 2007.
Richard and Mary Bennett paid $1,765,000 for the 4,215-square-foot condo 917 S. 1st St., Jacksonville Beach. It was built in 2005 and last sold for $1,750,000 in 2013.
Mark and Susan Kornhauser paid $1,130,000 for the 3,331-square-foot condo at 932 N. 1st St., Jacksonville Beach. It was built in 2007, sold for $2.1 million when new and $725,000 in 2009.
Amy and Robert Saunders paid $1,191,000 for the 3,112-square-foot home at 654 Ocean Blvd., Atlantic Beach. It was built in 1999 and last sold for $1,140,000 in 2016.
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