Fresh off of the DIA not being comfortable with their previous development experience, the developer behind the Johnson Commons LaVilla proposal acquires Arlington's Town & Country Shopping Center for potential redevelopment purposes.
QuoteInfill housing developer JWB Real Estate Companies LLC buys the property for $5.08 million.
by: Karen Brune Mathis Editor
Arlington's first retail plaza sold Thursday to JWB Real Estate Companies LLC, which paid almost $5.08 million for the Town & Country Shopping Center at northeast University Boulevard and Arlington Expressway.
Jacksonville-based JWB, led by Alex Sifakis, focuses on urban redevelopment and infill housing.
JWB Real Estate Companies LLC is led by Alex Sifakis.
"We are currently evaluating our options for the site," Sifakis said Monday.
Full article: https://www.jaxdailyrecord.com/article/town-and-country-shopping-center-in-arlington-sold
That's a good price, and it has upside for sure. Let's see what they can do with it...
Good to hear. Some of my finest memories were dates in high school going to the Town and Country theater. Going to the old Pic N Save, bakery, etc.
What was the name of the club over there? The Edge?
Quote from: Adam White on August 20, 2019, 02:59:50 PM
What was the name of the club over there? The Edge?
It was after my time, but I think you are talking about Plush.
Quote from: Snaketoz on August 20, 2019, 03:09:49 PM
Quote from: Adam White on August 20, 2019, 02:59:50 PM
What was the name of the club over there? The Edge?
It was after my time, but I think you are talking about Plush.
I think that was later. I just Googled it after posting my comment (probably should've done that first and not bothered commenting!)
The Edge opened in 1993 with a Beastie Boys, Cypress Hill and Rollins Band show. I didn't bother going, as I hated all three. But my friend's dad's firm designed the space or something, so he went (and hated it).
My friend had a used bookstore over there for a couple decades and finally shut it down a few years ago. Mix of crime getting worse and worse (there was visible bullet damage to his storefront and the bullet resistant glass in the door) and the property owner, LRS, paying zero for upgrades or even basic maintenance. Plus...zero foot traffic. If I'm not mistaken a whole wing of the center was torn down not long ago. Hope the new owners can turn it into...something.
Quote from: Bativac on August 20, 2019, 08:07:19 PM
My friend had a used bookstore over there for a couple decades and finally shut it down a few years ago. Mix of crime getting worse and worse (there was visible bullet damage to his storefront and the bullet resistant glass in the door) and the property owner, LRS, paying zero for upgrades or even basic maintenance. Plus...zero foot traffic. If I'm not mistaken a whole wing of the center was torn down not long ago. Hope the new owners can turn it into...something.
The funny (or sad) thing is that if downtown were thriving, the shopping center (and the corresponding area) would be highly sought-after.
This can't be anything but good news. That center is a wasteland set way off the road by a sea of solid asphalt. Hopefully this gives that area a shot in the arm.
The Arlington River Publix is the closest grocery store, to T/C, and it isn't big enough to handle the onslaught of people from the new condos now being built on Atlantic, let alone from possibly more new condos at T/C. I hope they at least put in another grocery store at T/C. The parking is more than ample; they could almost have a mini SJTC. But another grocery store is much, much needed at that end to take the load off the one little Publix.
There is also a Sav-a-Lot up on Merrill Road, about the same distance as that Publix. But, you are right, especially if JWB adds residential to the T&C Property. Is the adjacent property of the old Thunderbird (or Be-The-Lite Center) available? That would make quite a large redevelopment parcel.
Quote from: sandyshoes on August 21, 2019, 08:46:38 AM
The Arlington River Publix is the closest grocery store, to T/C, and it isn't big enough to handle the onslaught of people from the new condos now being built on Atlantic, let alone from possibly more new condos at T/C. I hope they at least put in another grocery store at T/C. The parking is more than ample; they could almost have a mini SJTC. But another grocery store is much, much needed at that end to take the load off the one little Publix.
Have you ever been to the Roosevelt Publix?? The Arlington River location is my home store and it's never that bad. I don't think 1 or 2 developments will overwhelm this store.
That Roosevelt store is busier on its off hours than the Arlington River store is at peak.
Quote from: acme54321 on August 21, 2019, 10:39:30 AM
That Roosevelt store is busier on its off hours than the Arlington River store is at peak.
I'm Captain Zissou and I wholeheartedly support this message.
Shipping container food court could be coming to Arlington
https://www.jaxdailyrecord.com/article/shipping-container-food-court-could-be-coming-to-arlington
Nice infill. Sounds like the $10m will do a lot to revitalize that center. Hopefully it serves as an investment in the community and not just gentrification.
QuoteJWB Real Estate Capital wants to start parking lot and facade work midyear at the former Town & Country Shopping Center.
https://www.jaxdailyrecord.com/article/city-reviewing-construction-plans-for-college-park-in-arlington
New Renderings from JWB
(https://www.jaxdailyrecord.com/sites/default/files/335094_standard.jpeg)
QuoteJWB Real Estate Capital LLC submitted new conceptual images to the city of its proposed multifamily residential buildings for College Park, the former Town & Country Shopping Center in Arlington.
https://www.jaxdailyrecord.com/article/college-park-developer-files-new-renderings-with-city
Seems this project has run into some difficulties, including cost overruns.
https://www.jaxdailyrecord.com/news/2023/jul/11/developer-town-country-conversion-into-college-park-is-over-time-and-over-budget/
But they seem committed to seeing it through, and have announced some more tenants.
https://www.jaxdailyrecord.com/news/2023/jul/11/donatos-pizza-conies-ice-cream-coming-to-college-park-in-arlington/