Category Archives: Development
Topgolf opened for business on October 28th, after much anticipation and excitement. The venue is 65,000 SF and located near the St. Johns Town Center, just west (and visible) from I-295.
Ikea broke ground yesterday, with a planned opening in 2017. The store will be 290,000 SF and located on 25 acres, with 950 parking spaces. Ikea plans to hire 250 people once the store opens. This will be the 4th Ikea in Florida, and the first in Northeast Florida.
Both of these developments are great signs for the city, demonstrating that the city is now “on the radar” for major retailers who previously overlooked Jacksonville. Topgolf and Ikea chose sites close to the St. Johns Town Center, which is viewed by outsiders as the prime retail hub of the city.
IKEA plans to invest nearly $36M into the planned Jacksonville location. According to a recent article, the opening is expected to be in the fall of 2017 and the store plans on hiring 250 people to staff the location. The permits show a store size of 294,203 SF with 950 parking spaces and an expected development cost of $22.7M. IKEA paid $13M for the 25 acres back in May.
Stanmore Partners reportedly paid $7M to Preferred Growth Properties for about 6 acres of land near the St. Johns Town Center to construct a 306-unit apartment building. The apartments are being referred to as “Ravella at Town Center” and will include 6 buildings and a 7-level parking garage. The total cost of the development was reported at $32M.
Best Buy is going to be relocating their existing store at The Markets at Town Center to the proposed new development across the street, known as The Strand, and expanding by 4,800 SF along the way. The Strand is being developed by Preferred Growth Properties, LLC, a subsidiary of Books A Million, Inc.
An unnamed company is seeking incentives totaling some $8.3M from the state and city for the proposed construction of a 1 million square foot distribution center that could be built at city owned Cecil Commerce Center in Jacksonville’s Westside submarket.
The project sounds very similar to the Amazon distribution center that was announced earlier this year, which was being referred to as Project Rex when they were at this stage of the process. There is a strong possibility that the company behind Project Vero could be Amazon, who has built more than one distribution center in the same market before. In fact, it is somewhat common for Amazon to build one distribution center to pick, pack and ship smaller items, and another to process larger items, such as furniture, sporting equipment, TV’s and other larger consumer products.
The Cecil Commerce location would be about 23 miles south of the location that was already announced, which is at 12900 Pecan Park Road, right off I-295 and just south of the Airport.
A 1M SF distribution center appears to be in the works at Cecil Commerce Center on Jacksonville’s Westside. Similar to the Amazon distribution center that was recently announced, at this point the company has not being identified. What we do know is that the proposed facility would serve as a packaging distribution center for a national company and would employ about 1,000 people. Some people are hypothesizing that the building could be an additional Amazon facility…. We will have to wait and see.
After much speculation, Amazon has made it official- they will be opening a 800,000 SF + distribution/fulfillment center in Jacksonville, which will create more than 1,500 full time jobs. The site, which was sold by Colliers International, is at Duval and Pecan Park roads, visible from I-295. For several months, there has been speculation surrounding a project being referred to as “Project Rex” which was seeking city and state incentives, and described a company that sounded very much like Amazon, without actually naming them.
Plans and renderings for East San Marco were just flied with the city. The $41M project will include a Publix anchor, small shop space and 239 apartments above the retail on the ground floor.
Plans for Durbin Park, a mixed use development project that is slated for development on land owned by Gate Petroleum, were recently shared with the public. The 1,600 acre project is located St. Johns County, at the southwest quadrant of I-95 and Race Track Road and bordered by the new road, 9B. The plans call for retail, office, hotel and multifamily uses, as well as nearly 1,000 new homes. One of the biggest highlights, which is slated for Phase II, is a Bass Pro Shoppes. Phase I is expected to be complete by 2018, and Phase II by 2019. Gatlin Development will partner with Gate on the retail component of the project, which could account for some 600,000 square feet.
A reception was held in front of the Duval County Main Library this past Thursday, welcoming Wawa to the Northeast Florida community. Wawa’s CEO, Chris Gheysens, was in town and went over Wawa’s plans for Northeast Florida. A large crowd gathered to hear the plans and to get a taste of what is in store. Wawa currently has 4 sites that are in various stages of permitting/approvals, but anticipates closer to 30 long term. Each store costs about $5M and employs 40 people, bringing their total NEFLA investment to $150M and 1,200 jobs. Locations that are currently in the pipeline include:
- Monument Rd and McCormick Rd
- Beach Blvd and Central Pkwy
- Gate Pkwy and Town Center Pkwy
- Blanding Blvd and Filmore St (Orange Park)
Interesting Fact: Wawa is a Native American word for the Canadian Goose, which is the companies logo.