Bellinger Shipyards to be replaced with waterfront mixed use development

[thelakelander]

A group affiliated with a long-time Jacksonville developer plans to turn the former Bellinger Shipyards property near the Intracoastal into a 590-unit condo development complete with marina.

Jacksonville Intracoastal LLC recently purchased the waterfront property at 13911 Atlantic Boulevard for $9.4 million.
According to state records, Jacksonville Intracoastal is managed by Jeff Klotz, who is CEO of AmveStar Capital LLC. Klotz is also involved with a luxury condominium development in South Jacksonville Beach.

The Bellinger Shipyards site is located on the Intracoastal north side of the Atlantic Boulevard Bridge in east Jacksonville.

The property features more than 1,000 feet on the intracoastal waterway and title to a 10.26 acre basin, the site of a marina with up to 650-wet/dry boat slips. It will be used for 590 multifamily units and potentially 60,000 square feet of office and/or retail space.

Full article: http://www.bizjournals.com/jacksonville/news/2014/10/08/waterfront-condo-development-planned-for-abandoned.html

[JeffreyS]

That is a good spot for condos.

[mtraininjax]

I sure hope the market is there in the 2-3 years it will take to come to market.

[Ocklawaha]

Well, I know at least one couple that is in the market for a urban-beach close condo!