Category Archives: St. Johns County

Project Jaguar File Plans for 1.5 Million-Square-Foot Warehouse

Plans have been submitted by Dallas-based Hillwood, the master developer of Alliance Florida at Cecil Commerce Center, and the city, which owns the business park, for a new warehouse. The developer could join for a 1.5 million-square-foot warehouse code-named Project Jaguar.  The user/prospect is yet unnamed.

Know progressively what Karen Brune Mathis of JAX Daily Record says in regards to this!

Mixed Use Development Durbin Park Plans Relased

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.

Jessica Clark with First Coast News covered the story.

Gatlin and Gate Partner on Durbin Lakes Retail Project

Gatlin Development and Gate Petroleum have announced a strategic partnership to develop Gate’s Durbin Creek property, located in northern St. Johns county, where I-95 and 9B connect.

First Phase:
According to the developer, the first phase will include a total of 600k square feet on 80 acres and will be anchored by 3 big box retailers, accounting for 450k SF (150k SF balance will be small shop retail / restaurants). Without naming the anchor tenants, Mr. Gatlin described them as: “a discount department store, a home improvement store and a membership club”. The initial phase is estimated to cost $125m, with construction set to begin in Q1, 2017 and a 1 year expected construction timeframe.

Entire Project:
The project is designed for 4- 5 year phases. The property is 1,600 acres, of which only about 600 is developable. Eventually it will encompass 2.4m SF of retail/shopping center space, 2.8m SF of office, 350 hotel rooms and 999 multifamily units. The retail component is expected to cost about $500m, spread over the 4 phases. A major highlight of the project, includes the areas first and long awaited Bass Pro Shops, which should occur in the second phase of development.

Karen Brune Mathis with the Jacksonville Business Journal covered the story; which was confirmed by Frank Gatlin at this weeks ICSC conference held at the Hyatt.

Positive Economic Indicators for the First Coast

First Coast & Florida jobless figures declined in November: Jobless rates on the First Coast (Duval, Clay, St. Johns, Nassau and Baker) fell to 4.7 in November, down from 4.9 in October (before seasonal adjustments). Taking into account season adjustments, those figures equate to 4.8 in NOV, down from 5.1 in OCT. FL jobless rates fell from 5.1 in OCT, to 4.8 in NOV before seasonal adjustments. After seasonal adjustment, this equates to a NOV rate of 5, down from 5.2 in OCT.

Drew Dixon with the Florida Times Union covered the story.

Single-family home permits highest since ’07: According to the Northeast Florida Builders Association, 6,725 single family home permits were issued in Duval, St. Johns, Nassau & Clay counties during  2015. This figure equates to about 650 more than in 2014, and twice what was pulled during the “collapse” in ’09-’11, and significantly lower than the all time high of over 17,500 during the 2005 “boom”.

Roger Bull with the Florida Times Union covered the story.

Atlantic & Vilano Beach Named as Top 10 Under the Radar FL Beach Towns: Two local beach communities, Atlantic Beach and Vilano Beach, were both recently made a top 10 list of “under-the-radar” beach towns, as decided by travel report by Fodor, a well respected travel publisher and website. The list did not have any numerical order, and other top 10 towns included Cedar Key, Pass A Grill Beach, Deerfield Beach, Vero Beach, Ponce Inlet, Anna Maria Island, Santa Rosa Beach and Gasparilla Island.

Drew Dixon with the Florida Times Union covered the story.

Frontier Airlines plans New Flights from St. Augustine: Frontier has just announced it would be adding two new non-stop flights out of St. Augustine’s Northeast Florida Regional Airport, one to Philadelphia and into Chicago. The flights to Chicago start April 14th, with flights on Tuesdays, Thursdays and Sundays. The flights to Philadelphia begin the next day, April 15th, and will operate on Mondays, Wednesdays, Fridays and Saturdays.

Stuart Korfhage with the St. Augustine Record covered the story.

St. Augustine Commissioners Grant Preliminary Approval for Controversial PUD in Historic District

St. Augustine City Commissioners granted preliminary approval on a very controversial PUD in a 4-1 vote, which will allow for the conversion/renovation a historic property into a upscale boutique hotel (30 rooms), guest parking (26 spots) and a small bar/tavern (limited to 20 seats) on the site of the former Dow Museum of Historic Houses, located in the historic district of the nations oldest city (Cordova and Bridge Streets). The meeting was so divided, that it ran until 1:00 AM on Tuesday morning.

Locals remain torn on the topic. One side hates to see big-spending developers take on historic projects, fearing that they place a higher regard on ROI than preservation. Residents are so passionate about the issue, that lawyers have been hired to fight the issue on their behalf. Additional concerns relate to increased traffic and parking, as the site is in a residential neighborhood. Residents and locals have 31 days to appeal the decision, which is likely to occur, with this being a very high profile debate that has been going on for over a year. The developer, David Corneal, cites that in order to preserve the buildings, which date back centuries, the project must make sense financially, or nobody will take it on.

Sheldon Gardner and Stuart Korfhage with the St. Augustine Record have the story.

Moultrie Square Publix to Be Re-Built – With New Publix

Skinner Bros. Realty Co. announced plans to re-develop the 70k SF Moultrie Square Publix in St. Augustine and replace with with a larger and brand new Publix of 54k SF.  They will also improve parking lot lighting, access and add an end-cap for a restaurant.  The new center will be about 75.6k SF and will be complete in Q3 2016.  Karen Brune Mathis of The Daily Record has the story.

600-Home Community Planned for South JAX…And More

Roger Bull of The Florida Times-Union reports in his Sunday Business Notebook that Eastland Partners is planning a 650-home single family (only) residential community called Wells Creek, on Philips Highway, about 1.5 miles south of Florida 9B.  No multi-family and no retail according to the zoning application and expected pricing will be in the upper 200’s.

Other deals:

  • former Peterbrooke chocolate factory at 1458 San Marco Blvd. sold for $104/SF.
  • Ace Hardware is taking the long-vacant former Eckerd Drug store at 150 San Marco Ave. in St. Augustine.
  • Scottish Inn Partnership of OKC paid $72k/key for the TownePlace Suites by Marriott at 4801 Lenior Avenue off JTB.
  • VST Holdings of Brooklyn NY paid $4.35M for the Chase Bank at 1515 Atlantic Blvd in San Marco.
  • A Colorado-based investor paid $4.91M for the building housing Visionworks and Burger Fi at 4890 Big Island Drive near St Johns Town Center.

St. Johns County Denies “Urban Sprawl” Project for 2nd Time

Alexa Epitropoullos of The JAX Business Journal highlights an article from the St. Augustine Record of the St. Johns County Planning and Zoning Agency’s second denial of a planned development that would have included almost 1k residential units, 130k SF of commercial space.

Specialized Truck Manufacturer Expanding, Hiring

A St. Johns County based company that makes highly specialized trucks with vacuums for construction sites and sewer clean outs is expanding with a $10M, 65k SF expansion of its plant and hopes to have 30-50 new hires later this year.  Roger Bull of The Florida Times-Union has the story.

TrailMark, New 2,278-Lot Housing Development Coming to St. Johns County

Roger Bull of The Florida Times-Union brings us the story of TrailMark, a 2,278-lot single-family subdivision in north St. Johns County.  Prices will begin in the mid-$200s.  It is the second large residential development announced for northern St. Johns County; following Shearwater announced last month that will include 2,000 homes and townhomes, plus 400k SF of retail space, a K-8 school and 600 acres of natural areas.