San Marco Publix project still alive

[thelakelander]

By Karen Brune Mathis, Managing Editor

A 13-year journey to develop the high-profile East San Marco center, featuring a Publix, could be reaching its destination at the corner of Hendricks Avenue and Atlantic Boulevard.
Regency Centers Inc. Vice President Tom Fleming confirmed Wednesday his group is "actively working" toward development of East San Marco, but said an announcement or timeline isn't determined.

However, it's closer, almost 10 months after the last attempt to complete a deal and start construction. The vacant 5-acre site continues to feature signage for the project.

City Council member Lori Boyer, who represents the district, said she met with Fleming last week.

"The last information I have is that they have secured a residential partner where they have a mutually agreeable deal and they have secured a financing partner," Boyer said Wednesday.

Full article: http://www.jaxdailyrecord.com/showstory.php?Story_id=544793

[NaldoAveKnight]

Anyone have news about the Publix project?

[coredumped]

I haven't heard anything new...but what a wasted opportunity by every other grocery store out there to come in to the area. I love Publix as much as the next guy, but they don't have much competition in the "high end" grocery world.
I wouldn't mind seeing a fresh market, harris teeter, etc, in open in the area.

[fsquid]

Harris Teeter is dead, sold out to KRoger the same day Publix announced two stores in the Charlotte city limits

[ProjectMaximus]

I haven't heard anything new...but what a wasted opportunity by every other grocery store out there to come in to the area. I love Publix as much as the next guy, but they don't have much competition in the "high end" grocery world.
I wouldn't mind seeing a fresh market, harris teeter, etc, in open in the area.

Fresh Market is the nearest existing grocery store to this site. There's no way they'll put another one so close. I would LOVE to see a Freshfields Farm, but again the same issue of being too close by since they're not really a chain.

In any case, it's not Publix's fault. I believe they're happy to come, it's the developer who's having trouble financing the residential.

[Tacachale]

I haven't heard anything new...but what a wasted opportunity by every other grocery store out there to come in to the area. I love Publix as much as the next guy, but they don't have much competition in the "high end" grocery world.
I wouldn't mind seeing a fresh market, harris teeter, etc, in open in the area.

Fresh Market is the nearest existing grocery store to this site. There's no way they'll put another one so close. I would LOVE to see a Freshfields Farm, but again the same issue of being too close by since they're not really a chain.

In any case, it's not Publix's fault. I believe they're happy to come, it's the developer who's having trouble financing the residential.

This is my understanding of the situation.

[mbwright]

can't they just build the publix, and do the residential part later?

[thelakelander]

The East San Marco project appears to be moving forward again:

East San Marco under contract; $60M Publix-anchored project could start early next year

By Karen Brune Mathis, Managing Editor

East San Marco residents might see their neighborhood Publix Super Market under development by this time next year as part of a $60 million mixed-use project at one of the area's highest-profile sites.
John Carey, managing member of Jacksonville-based Whitehall Realty Partners LLC, said Tuesday that Whitehall is under contract as the co-developer with another group, but he declined to identify it.

Carey said financing has been arranged and the capital partner will be identified in an announcement expected soon. Financing delayed a deal last year for Whitehall to develop the project.

"Capital for the project has been arranged and is no longer an obstacle to moving forward," Carey said.

He expects to break ground in early 2016. The more than $60 million total cost includes both the retail and the residential elements of the project.

Council enacted ordinances in March 2014 allowing development of 280 apartments, up to 63,000 square feet of commercial space, including the Publix, the existing Wells Fargo bank branch and additional commercial space.

The project includes several parcels. The main site at Hendricks and Atlantic would include up to 46,000 square feet of commercial space, including Publix, and up to 245 multifamily units with a maximum six-story parking garage.

Full article: http://www.jaxdailyrecord.com/showstory.php?Story_id=545428

[Tacachale]

Don't even play...

[acme54321]

I have also heard grumblings that there has been action of some sort on the Jackson Square project.  I think the completion of the new interchange at Atlantic is going to bring some change to that area.  Site work is already happening where the Daily's is going.

[copperfiend]

The East San Marco project appears to be moving forward again:

Wow. Many years in the making. Of course, I will contain my excitement until this thing goes vertical.

[MusicMan]

Reading through the link one notices this paragraph:


"Thompson declined to identify the developer until the due diligence is completed, but he said the sale could be completed by early 2016. He identified Carey as the local partner with the residential developer.

"I would like to think if everything goes well, they would be under construction early next year," Thompson said after Regency Centers' annual shareholders meeting. He said completion would be determined by the developer's timeframe."


This finished product is still an "if" and still a long way away from completion.

[thelakelander]

A project that size could take 18 months to build. Yes, even if it broke ground tomorrow, it would be a while before completion.

[Keith-N-Jax]

18 months sounds a lot better than 13 years

[thelakelander]

The 1721 Atlantic building is east of the East San Marco property, a largely vacant site designed for a retail center, including a Publix Super Market, and apartments.

Carey said in May the group is under contract as the co-developer for East San Marco, designed at Hendricks Avenue and Atlantic Boulevard. He expects to break ground early next year on the $60 million mixed-use East San Marco.

Financing delayed a deal last year for Whitehall to develop the project. He said in May that financing has been arranged and the capital partner also will be identified in an announcement.

Based on a groundbreaking early next year, some of the apartments could be completed in 15-18 months and Publix could open in 2017.

Full article: http://www.jaxdailyrecord.com/showstory.php?Story_id=546032