East San Marco Project Back On
The long awaited East San Marco project appears to be back on schedule- with construction set to begin late this summer. The project, which was first announced back in 2002, is estimated to cost about $60MM. It will feature 239 apartment units stacked on top of 46,000 SF of retail space. Publix will anchor the retail component, taking about 32,500 SF. The 4.33 acre property is located at the intersection of Atlantic Boulevard and Hendricks Avenue, in the heart of San Marco Square shopping and entertainment district. A JV between ArchCo (Atlanta based) and Bluerock (NY based) will buy the property from Regency Centers this summer, and then develop the property. Regency Centers will then purchase the retail component of the development and handle the commercial leasing and management of the project.
Posted on March 24, 2016, in Development, JAX Business Journal, JAX Daily Record, Land, Multifamily, Shopping Centers/Retailers, Uncategorized and tagged ArchCo, Bluerock, East San Marco, publix, Regency Centers, San Marco. Bookmark the permalink. Leave a comment.