Berkman II Property Sold to Choate

[Joey Mackey]

It's hard to tell, but seems as though Berkman II will potentially be a hotel. Not definite by any means. Also not definite is the closing statements - he did hint at wanting to host another Super Bowl(2032?) . Probably a long shot until the core has been built out a bit more and has more entertainment. Hotel count has to rise also. With the minimum 30% stadium of cap hotel rooms needed. We are right on the line. But I'll save that for another thread.

Not at liberty to go into specifics, but what's rumored, assuming it comes to fruition, would be very different, but equally as much of a "get" as the Four Seasons.

Fuddruckers?

[Ken_FSU]

It's hard to tell, but seems as though Berkman II will potentially be a hotel. Not definite by any means. Also not definite is the closing statements - he did hint at wanting to host another Super Bowl(2032?) . Probably a long shot until the core has been built out a bit more and has more entertainment. Hotel count has to rise also. With the minimum 30% stadium of cap hotel rooms needed. We are right on the line. But I'll save that for another thread.

Not at liberty to go into specifics, but what's rumored, assuming it comes to fruition, would be very different, but equally as much of a "get" as the Four Seasons.

Fuddruckers?

With a rooftop CVS.

[MakeDTjaxGre@tAgain]

Lol Fuddruckers would be cool. @Ken, so waldorf astoria is ok with building across from the jail?

[Ken_FSU]

Lol Fuddruckers would be cool. @Ken, so waldorf astoria is ok with building across from the jail?

Tiffany & Co. has agreed to serve as a buffer between the Waldorf Astoria & the jail.

[jaxlongtimer]

It's hard to tell, but seems as though Berkman II will potentially be a hotel. Not definite by any means. Also not definite is the closing statements - he did hint at wanting to host another Super Bowl(2032?) . Probably a long shot until the core has been built out a bit more and has more entertainment. Hotel count has to rise also. With the minimum 30% stadium of cap hotel rooms needed. We are right on the line. But I'll save that for another thread.

Not at liberty to go into specifics, but what's rumored, assuming it comes to fruition, would be very different, but equally as much of a "get" as the Four Seasons.

What would equal the "get" of the Four Seasons is... Four Seasons #2!  Shad is making so much $$$ on the first one, thanks to the City's largesse, that, why not do it again down the street  .  Downtown Jax will have a total of 8 seasons, catching up to Seasons 52 at Town Center.

[fsu813]

https://seminole.hardrock.com/

[Captain Zissou]

Shad is making so much $$$ on the first one, thanks to the City's largesse, that, why not do it again down the street  . 

Oh boy.  The facebook commenters have invaded the Jaxson.  Violent crime in downtown comments incoming...

[thelakelander]

From the article:

Atlanta-based Choate Construction Co. sold the property July 18 to Curtis D. Hodgson of Addison, Texas, for $7.3 million.

Hodgson is the founder and director of Legacy Housing Corp. in Bedford, Texas. Legacy says it builds, sells and finances manufactured homes and "tiny houses."

Also on July 18, Hodgson entered into an exclusive option agreement for the property with Florida Innovation Capital 500 E Bay Street Parent LLC of Jacksonville.

Florida Innovation Capital is managed by Jacksonville developer Michael Munz and was created in April. On his LinkedIn page, Munz says he is the founding partner and CEO. He says it is a " venture capital fund focused primarily on startups in the state of Florida."

Hodgson said he provided financing for the sale personally, not through Legacy, and was not involved in any development plans for the property.

"I'm just the money man," he said. "I'm holding it until they get their ducks in a row."

[jaxlongtimer]

Shad is making so much $$$ on the first one, thanks to the City's largesse, that, why not do it again down the street  . 

Oh boy.  The facebook commenters have invaded the Jaxson.  Violent crime in downtown comments incoming...

Happy to make your day .  Don't know about those FB comments... maybe you share a few to make my day .

[Skybox111]

From the article:

Atlanta-based Choate Construction Co. sold the property July 18 to Curtis D. Hodgson of Addison, Texas, for $7.3 million.

Hodgson is the founder and director of Legacy Housing Corp. in Bedford, Texas. Legacy says it builds, sells and finances manufactured homes and "tiny houses."

Also on July 18, Hodgson entered into an exclusive option agreement for the property with Florida Innovation Capital 500 E Bay Street Parent LLC of Jacksonville.

Florida Innovation Capital is managed by Jacksonville developer Michael Munz and was created in April. On his LinkedIn page, Munz says he is the founding partner and CEO. He says it is a " venture capital fund focused primarily on startups in the state of Florida."

Hodgson said he provided financing for the sale personally, not through Legacy, and was not involved in any development plans for the property.

"I'm just the money man," he said. "I'm holding it until they get their ducks in a row."

Hodgson said he provided financing for the sale personally, not through Legacy, and was not involved in any development plans for the property.

"I'm just the money man," he said. "I'm holding it until they get their ducks in a row."

Hodgson is the founder and director of Legacy Housing Corp. in Bedford, Texas. Legacy says it builds, sells and finances manufactured homes and "tiny houses."

Doesn't sound like they do highrises or major projects. Is he holding it for legacy to get their ducks in a row or choate who he holding it for

[jaxjaguar]

So he's holding it hostage for another 20 years to keep it vacant and hope it appreciates more than the taxes he'll owe. Got it.

[jcjohnpaint]

Very (Jacksonville)

[Joey Mackey]

https://seminole.hardrock.com/

Nice call!

https://www.jacksonville.com/story/news/local/2025/07/31/hard-rock-hotel-downtown-jacksonville-talks/85423450007/

[Captain Zissou]

So he's holding it hostage for another 20 years to keep it vacant and hope it appreciates more than the taxes he'll owe. Got it.

He's holding it for Michael Munz to get a group of investors together and line up financing.  Based on his previous endeavors at Healthy Town/The District/Rivers Edge, that could take a while.  Four Seasons will do a lot to prove out higher ADRs and high residential price per square foot for branded residences.  Gateway and Related provide further support at lower tier brands or unbranded (assuming Related switches to condos). At that point, this will clear a path for investors and financing on this project.  I don't expect a quick timeline for this to go vertical.

[Ken_FSU]

https://seminole.hardrock.com/

Nice call!

https://www.jacksonville.com/story/news/local/2025/07/31/hard-rock-hotel-downtown-jacksonville-talks/85423450007/

Almost happened in 2018. Hard Rock was very bullish on the Berkman 2 site when the USS Adams and Shad Khan's initial Shipyards proposals were on the table. When those plans fizzled, so did their interest. With the Four Seasons, Shipyards West, MOSH, and Orleck all rising up, hopefully it comes across the finish line this time.