Jackson Square Controversy Brewing

[thelakelander]

Reminds me a lot of 2003 through 2006. Tons of proposals but most failed to materialize. Even now, East San Marco is far ahead of most of these proposals. Time will tell but I wouldn't worry about their impact on East San Marco. Most of our peer cities have at least two times as many units actually already under construction or recently completed....only to see more proposals pop up. The same can be said of Town Center. People want to stay in cities. Jax is just late to the game. If East San Marco fails to happen, it will fail on it's on financial obstacles, as opposed to a saturated market.

[MusicMan]

OK but every day you wait the land acquisition cost goes up. Not down. Correct?

[Tacachale]

OK but every day you wait the land acquisition cost goes up. Not down. Correct?

It's complicated but I don't think that's the issue here. Regency already owns the land, and the plan is to sell it to a secondary developer, and then buy back the retail space. My understanding is that that is how Regency is hoping to get their money out if it, after spending so much on the acquisition back in the day. However, taxes and stuff will continue to rise, so it'll be a problem, though probably not as much of a problem as if they sold off the land now at a loss.

[thelakelander]

What chance does the constant delays to East San Marco prompt another grocer to move forward into the Southbank/San Marco area?

I'd keep my eye on the project proposed at the old Baptist site on Hendricks at I-95. Like East San Marco, it also includes a large street level space that would be suitable for an urban retail anchor tenant.  Other than that, I thought I read somewhere (I could be wrong) that Walmart Neighborhood Market was looking at going into the shopping center in St Nicholas, off Beach Blvd.

[ProjectMaximus]

What chance does the constant delays to East San Marco prompt another grocer to move forward into the Southbank/San Marco area?

I'd keep my eye on the project proposed at the old Baptist site on Hendricks at I-95. Like East San Marco, it also includes a large street level space that would be suitable for an urban retail anchor tenant.  Other than that, I thought I read somewhere (I could be wrong) that Walmart Neighborhood Market was looking at going into the shopping center in St Nicholas, off Beach Blvd.

Ohhh which one? The one with Save-A-Lot?

[acme54321]

I drove by the other day and it looks like site work has begun on this site.  After Archer Western moved out a few months ago it was vacant but now there is equipment back on it and Chance has changed out the signage along the fence. Good stuff.  Anyone know when they are supposed to start building on the Assembly of God site?

[MusicMan]

Interesting article in The Resident News about a new San Marco East Business Association which will encompass the Atlantic to Emerson stretch of Phillips Hwy.


https://residentnews.net/2018/07/01/business-association-seeks-to-rebrand-philips-corridor-as-san-marco-east/

[jaxnyc79]

The article makes reference to a walkable commercial district.  I hope they're serious about this and will incorporate urban design principles as a standard and disciplined  requirement to ensure that what evolves over time is a unique and differentiated experience for patrons and a boon for the neighborhood.  I only Jax would be more holistic in addressing the need for and value of walkability, city-wide.

[Captain Zissou]

It's 1.6 miles from Atlantic to Emerson on Philips.  That's pretty big for a commercial district.  I'm guessing the 3.3 acre property referenced in the article is the old children's facility of some sort that St Augustine wraps around across from their property.  That's great news about Wells Fargo.  That's a huge piece of property.