Roger Bull’s Sunday Notebook for April 2015

Roger Bull’s Sunday Notebook in The Florida Times-Union offers an update on all kinds of things; a few below:

  • Retirement Housing Foundation paid $10.38M for the 192-unit ($54k/u) Towers of JAX at 1400 E. Lebaron Ave., a low-income housing building for seniors; the new owners plan an $8.5M renovation.
  • Vestcor plans to build a 3-story, 82-unit apartment community for low-income seniors at 5175 N. Main St.; it will be called Caroline Oaks.  Vestcor is already building a 123-unit community at 1800 Corporate Square Blvd. off Atlantic Blvd.
  • Starling Senior Living is building a senior care facility, Watercrest of San Jose; it will include 24 memory care beds and 66 assisted care beds.
  • IP Capital Partners of Boca paid $3.6M for the former Comcast building at 6805 Southpoint Parkway.
  • Cove Plaza shopping center at 1401 US 17 in Green Cove Springs sold at $1.625M or about $28/SF to a Boynton Beach investor.
  • Ossi Development paid $1.4M for a site on Ponce de Leon Street between Pullian and Horn Streets in JAX Beach where it plans seven homes to be built; that’s $200k/lot.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on May 2, 2015, in Development, The Florida Times-Union, Transactions and tagged , , , . Bookmark the permalink. Leave a comment.

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