Monthly Archives: November 2014
Andrew Thurlow of the JAX Business Journal has the announcement of Double Eagle Development’s plans for a groundbreaking in early December of Treaty Oaks, a 165-acre site for 418 single family homes. The site is about one mile east of Interstate 95 on Route 207. The first phase will include 142 lots and construction of a community amenity center. Home prices will start in the mid-$200s with lots delivered by June.
Responding to a city RFP, a local city, Mechling Engineering & Consulting has been recommended for testing of the Shipyards site downtown on the north bank of the St. Johns River and near the Sports Complex, with hopes the results of the testing will make the site more palatable for private development, including a potential mixed-use development by Jaguars owner Shad Khan. David Chapman of the JAX Daily Record has the story.
After two years or re-zoning wrangling, a Chick-Fil-A is finally coming to Mandarin at the corner of Oak Bluff Lane and San Jose Boulevard just inside I-526. The new CFA will be adjacent to a Cabana Grill, a new concept from the Pollo Tropical/Taco Cabana folks. Cabana Grill opens in December and Chick-Fil-A will open in the Spring. Roger Bull of The Florida Times-Union has the announcement.
Deutsche Bank, with about 1,400 local employees on the Southside, is focusing its site search for a development to add another 200-400 workers and is looking around the Gate Parkway/St. Johns Town Center area for its campus, not far from its existing campus in Meridian Office Park at 5022 Gate Parkway. Past speculation included DB looking at the JEA site, now being planned by local developer Peter Rummell for his HealthyTown concept, but DB’s large floor plates don’t make sense on such an urban site. Karen Brune Mathis of The JAX Daily Record has the update on DB’s search.
David Chapman of The JAX Daily Record reports the Downtown Investment Authority (DIA) approved financial incentives for two projects to move forward – a steakhouse restaurant in the former Bostwick Building downtown (a grant and a separate loan) and a grant for a $23M hotel in the Brooklyn area.
Two new developments, one luxury apartments and one mixed use, will begin in 2015 around St. Johns Town Center. Eckstein Investments will begin a 600-unit two phased luxury rental community along A.C. Skinner Parkway. The apartment community will be under the “Loree” brand nad offer 1-, 2-, and 3-bedroom plans. Eckstein Investments is also behind another development in the area, a 115-acre site on Gate Parkway/I-295 near the FBI office building and will contain office, retail, apartments and a hotel use and will start in mid-2015. David Chapman of The JAX Daily Record has the article.
Ja-Ru Inc., a local importer/distributor of toys paid $3M for 31.7 acres at 12901 Flagler Center Blvd. back in 2012, and has pulled a building permit to start a $12.8M first phase 353k SF headquarters and distribution building on the site. A second, future phase is planned to take it to 490k SF. Ja-Ru will consolidate its three existing facilities on Phillips Hwy into their new HQs. Imbedded into another article on another commercial development at Flagler Center, Karen Brune Mathis of the JAX Daily Record reports on the Ja-Ru investment as well.
Part of a larger report by Karen Brune Mathis of The JAX Daily Record on a development by Ash Properties in Flagler Center, Flagler sold a 57k sf Southpoint office building at 7011 A. C. Skinner Parkway for $6.45M or about $113/SF. The buyer was Jacksonville Clinic Medical Plaza LLC led by cardiologist Yazan Khatib.
Karen Brune Mathis of the JAX Daily Record reports that Ash Properties, a JAX-based developer of office and retail projects, paid $2.35M for a 9-acre site ($6/SF) on Old St. Augustine Road and plans to start an unspecified retail/office/service center development project on the site. Entitlements allow some 134k SF of development on the site in up to four buildings.
URS, the giant engineering firm based in San Francisco that was sold for $6B in October, announced 81 jobs at NAS JAX would be terminated effective December 31. Happy new year. Roger Bull of The Florida Times-Union has the announcement.