Publix in San Marco project on hold

[ben says]

Publix always has.  It's been St Joe's residential component that has held the project back.  I think you're going to see Joe move forward on a few of their dormant sites in the near future with slightly different expectations from what I understand.

Slightly different expectations...in what sense?

[cline]

^I would imagine they will be scaling back the residential components.

[Ocklawaha]

Publix always has.  It's been St Joe's residential component that has held the project back.  I think you're going to see Joe move forward on a few of their dormant sites in the near future with slightly different expectations from what I understand.

St. Joe has recently lit the fuse on 'Rivertown' down here in St. johns, and they are building about as fast as the boom years. My guess is St. Joe is in the same position as Flagler, Nocatee etc. These are mega corporations with billions of dollars to play with, annual ups and downs don't mean nearly as much to them as to the smaller developer. They are in it for the long haul and generally will keep moving in their originally stated direction.

[cline]

St. Joe has recently lit the fuse on 'Rivertown' down here in St. johns

Well maybe this will end their silt runoff problem that's been polluting the St. Johns.

[thelakelander]

^I would imagine they will be scaling back the residential components.

Given the economic change, it probably makes more sense for a scaled down residential component to be rental instead of condos.  San Marco is a pretty desirable place.  Something similar to 200 Riverside should be viable on that property, especially with Publix committed as a retail anchor.

[mtraininjax]

San Marco is a pretty desirable place.

Not while San Marco Blvd is torn up, I and many friends avoid the area. When the road gets finished, it will be much better, but not till.

[ben says]

San Marco is a pretty desirable place.

Not while San Marco Blvd is torn up, I and many friends avoid the area. When the road gets finished, it will be much better, but not till.

I lived in San Marco for 20 years. Have an affinity for the place. It's my home (now I consider Avondale/Riverside my home). But, I'm the first one to admit: San Marco is some pretty ugly stuff right now. Maybe it's just that drive in passing Aix and European Street, but that roadwork is awful. Right when you hit the square, it looks like a ghost town. I'm not sure if its because they took out lights or trees or the road or what, but it just looks terrible.

[Tacachale]

^It's just the fact that the roadwork is going on currently. We'll see the payoff when it's done, as has happened in the Square and on Hendricks. Life will return pretty quickly.

[mtraininjax]

^It's just the fact that the roadwork is going on currently. We'll see the payoff when it's done, as has happened in the Square and on Hendricks. Life will return pretty quickly.

+1 I agree. It will come back, just fix the road.

[ben says]

I agree to both of the above comments.

But, is it just me, or does that spot where they're constructing look very open/empty? Did they remove trees? Take down the light? What is it that's making that area look so barren? I get it..there's road construction..but looking ABOVE the construction, it doesn't look like the same intersection it was, say, 8 months ago.

[thelakelander]

All of the trees were removed.