Monthly Archives: January 2015

Seagrass Apartments Sold for $143K per Unit

The 397 unit Seagrass Apartments just sold for $56.7M, or $143K per unit. The property is located off San Pablo Road, on the Intracoastal waterway. Andrew Thurlow with the Jacksonville Business Journal has the whole story.

Condos – They’re Back ! 57 Unit Condo Project Announced Near JTB-San Pablo-ICW

Developers announced a new condominium project “Aphora at San Pablo” which will begin construction later this year. The project, located at JTB and San Pablo Road will consist of 57 units, and will be priced from $600k to $2.0M.  Construction is estimated to take 22 to 24 months, but first they have to reach 50% pre-sales. It is being in a partnership between Ponte Vedra based Bove, LLC and Remi Properties out of Rockledge.  Andrew Thurlow with the Jacksonville Business Journal has the full story here.

82k SF and 111-Bed Brooks Rehab Planned for JAX Campus

Brooks Rehab is planning a 111-bed, 82,000 SF skilled nursing facility building at Beach and University Boulevards adjacent to its existing campus.  Robert Ward of The JAX Business Journal has the announcement of the steel contract win for a local company, Allstate Steel.

Texas Burger Chain, Mooyah Burgers, Fries, and Shakes, Plans 3 Locations for JAX’ Westside

Mooyah Burgers, Fries and Shakes, has announced plans to expand to FL and has a new franchisee for JAX and he hopes to have three new stores on the Westside of town, with the first to open by year-end 2015.  Mooyah opened in 2007 and now has 69 locations in the U.S.  Andrew Thurlow of The JAX Business Journal has the story.

Texas Investor Purchases Westside Warehouse – at $10/SF

Jensen Werley of The JAX Business Journal reports that Texas-based Covington Group purchased the former Cenveo warehouse for about $1M, or about $10/SF, and plans to renovate the building located at 5406 W 1st Street and re-lease it to a manufacturing or logistics company.

BurgerFi Reports Blazing Sales Pace

BugerFi, the West Palm Beach-based burger chain, that is opening its 2nd JAX location at Riverside soon (first is already open at St Johns Town Center) announced it had sales in 2014 of $66.4M, more than double that of 2013, as it also doubled its locations to now 63 nationwide, and plans to double again with 50-60 new locations in 2015.  A staff report from the JAX Business Journal has the brief announcement.

$4M Medical Center for Orange Park Medical Center Underway

Robert Ward of The JAX Business Journal announced Charles Perry Partners is building a $4M free-standing emergency center on the Westside for Orange Park Medical Center.  It will be located at 6477 103rd Street.

Tanger Planning New Outlet Mall for Daytona Beach

Tanger announced it will build a 380,000 SF outlet mall at I-95 and LPGA Blvd.  Cindy Barth of the Orlando Business Journal via the JAX Business Journal has the announcement.

JAX Economy Making Gains and Ranks Impressively in World-Wide Rankings According to Bookings Institute

Alexa Epitropoulos of The JAX Business Journal reports that JAX’ economy isn’t out of the proverbial hole yet, but its making great strides, according to a new report by the Brookings Institution, the Washington-based think tank that ranks JAX #83 in its Brookings Global Metromonitor list that analyzes how the largest 300 cities world-wide have rebounded from the Great Recession in terms of GDP and employment in 2013-14.  JAX’ ranking was behind only Orlando (#73) but well ahead of Miami and Tampa at #116 and #141 respectively, and also ahead of Atlanta (#100) and Charlotte (#110).  Austin TX was the highest ranked in the U.S., at #38, followed by Houston, Raleigh, Fresno and Dallas.  In fact, only Raleigh (#42) and Orlando outranked JAX in the entire Southeast; see their interactive map here.

JAX Business Journal’s Three Questions For Chamber’s Transportation and Logistics Council

Jensen Werley of the JAX Business Journal has a sit-down with the leaders of the JAX Chamber’s transportation and logistics council to talk about trends and plans for 2015.