What's Up Jacksonville WhatsUpJacksonville.com
PPhotography by MichaelG.org LLC

What’s News – JAX Residential Real Estate: New Developer Sought for East San Marco

April 9th, 2014 · Leave a Comment

The residential developer connected with the East San Marco project that features a Publix supermarket is canceling its plans for the development, according to reports in the Jacksonville Business Journal and The Florida Times-Union on April 4.

Overall project developer Regency Centers Corp. said in a statement it is seeking a new residential developer for the project, presumably to replace Whitehall Realty Partners, which had been planning to develop a 275-unit upscale multifamily property in San Marco, the newspaper reported.

Whitehall would have delivered the residential space — 240 apartments and 35 town homes in four and five stories over a 30,000-square-foot Publix Supermarkets Inc. store and 14,000 square feet of small-shop boutique space — and then sold the retail space back to Regency.

Skinner Bros. Realty Co., historically known for its commercial and land development, is diverging into residential real estate, the Financial News & Daily Record reported on April 2.

“While most of what we do as a company has been and still is commercial investment and development, we are recently adding a residential component to our portfolio,” Vice President Chet Skinner told the newspaper.

Chet Skinner is A.C. Skinner IV, and son of Chip Skinner, president of the Jacksonville-based company.

The Jacksonville Business Journal reported on April 8 that developers Wood Development and W.R. Howell Co. paid $2.75 million for about 20 acres along Amelia Island Parkway in Nassau County.

Principal Rick Wood said the development will include 122 home sites varying in size from 50- to 55-foot wide. The developers will sell the lots to Riverside Homes and Monarch Homes LLC.

The homes will start at $350,000, Wood said.

Commercial Real Estate Women (CREW) of Jacksonville will get to the bottom of One Spark – literally – when it host a tour of Downtown’s hidden underground tunnels during opening night of the innovation festival on April 9.

The tour hosted by Cushman & Wakefield begins at 4:30 p.m. at 121 W. Forsyth St., Suite 900, in Downtown Jacksonville and will take participants under the streets to view tunnels built decades ago for business purposes.

Click here for more information and to register.

Post to Twitter Post to Facebook Post to LinkedIn

Tags: · · · · · · · · · · · · · · ·

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

Leave a Comment