San Marco Publix project still alive

[JayBird]

Back to the East San Marco project, there is another thread somewhere on the actual project and  it would've been nice if this was actually added to that instead of starting new, but Simms has been stating this same exact thing was coming for the past few months at least. My search via Safari on iPhone isn't working, but if someone could put a link to the other thread, most peoples questions would be answered just by reading.

[edjax]

^^+1000. See my earlier post and I actually made comment of this in the prior thread but a new one was still started.  And now we see the same stuff in at least three threads.

[I-10east]

My search via Safari on iPhone isn't working, but if someone could put a link to the other thread, most peoples questions would be answered just by reading.

Is it this thread?

www.metrojacksonville.com/forum/index.php/topic,17315.60.html

[thelakelander]

What East San Marco is experiencing is the exact same thing 220 Riverside went through.  Many don't realize it, but it took a good decade to get what eventually became 200 Riverside off the ground.

At the end of the day, if you're asking people with no sentimental connection to Jax to invest their money into risky local projects, there are a lot better options with less risk and more return, in this state and across the country. It is, what it is. There aren't many people out there like the Weavers that are willing to lose their own good money (John Gorrie) for the community. This is one of the reasons I believe it will take a good 20 years to get anywhere near the 10,000 people living in the Northbank some believe is a must for DT vibrancy.

Pope and Land got around this issue by dividing their land adjacent to 220 Riverside into separate residential and commercial tracts. Separate groups are building each. So it's not "mixed use" but them being side by side, accomplishes the same thing. 

Also, neither has the cost of a parking garage to screw up their proformas either.  Many of the early infill projects in cities like Charlotte were built in a similar fashion back in the 1990s/early 2000s.

As far as East San Marco goes, is there a way configure the property to create strictly commercial and residential components or is it locked into being a mixed-use building that requires structured parking or bust? 

[JayBird]

My search via Safari on iPhone isn't working, but if someone could put a link to the other thread, most peoples questions would be answered just by reading.

Is it this thread?

www.metrojacksonville.com/forum/index.php/topic,17315.60.html

Thank you I-10

[ProjectMaximus]

to address the questions about 220 Riverside...I can't claim to know what is really happening/will happen, but I can say what is supposedly happening...and those involved with the project say that there are plans in place for pretty much all of the commercial space. Most of it is local and intended to showcase Jacksonville brands/products, with perhaps some nationally-recognized involvement as well (not chains per se, but well-known names). There's also an interesting plan that would certainly get everyone's attention here in this thread.

But who knows if it's all real or just wishful thinking? I do get the feeling that lease rates are a bit disappointing, but that could be MAAC's fault (they finally just made floor plans/pricing available to the general public several days ago...after months and months of inquiries) and I am aware of at least one person who pre-leased a little while ago.

[thelakelander]

I'm aware of at least three people. I met them at the Unity Plaza groundbreaking event last Sunday.

[billy]

Are there any available renderings of the site plan and elevations of what was to be the latest version of the project?

[thelakelander]

[MusicMan]

Heard from a pretty informed local that this had been postponed once again  while the developer waited to see how the new Fresh Market on Riverside worked out. Anyone have anymore recent info on this project?

[mtraininjax]

I hear from commercial real estate sources, the problem is now Publix. They want some new guarantees, and basically want space at 10 bucks a square for the space, or they are not doing the deal. As the anchor tenant, flexing their muscle.

[MusicMan]

Quote:

There's a complexity and cost to it that is probably higher than any that's been seen in Jacksonville," Carey said. "So there's a bit of a reticence to jump into that."

What a bunch of Bull sh*t.  More expensive than building at the Beach? Or Town Center?

How complex can it be. There is a strong demand for high end residential in that neighborhood.

This is one of the most established residential neighborhoods in North Florida with no grocery store serving it at all.

Grass Roots should get over there and fill the void.............................

[thelakelander]

A parking garage and residential on top of the store. There's no Publix or any other major grocery store at the beach, town center or anywhere else in Jax with either of those elements.

[deathstar]

Finally had a chance to speak with a District Manager today regarding a Publix in San Marco. He informed me of everything else already mentioned above, no need to get into any of that. What shocked me though, was him telling me because of the current delay, it's NOW looking like late 2016, early 2017 for that store to be opened.

[acme54321]

Finally had a chance to speak with a District Manager today regarding a Publix in San Marco. He informed me of everything else already mentioned above, no need to get into any of that. What shocked me though, was him telling me because of the current delay, it's NOW looking like late 2016, early 2017 for that store to be opened.

Well yeah, it's almost 2015 and the only thing there is a giant empty lot.