Want to own a mall? Regency could be headed to auction

Started by thelakelander, February 07, 2019, 04:08:46 PM

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thelakelander

February 07, 2019, 04:08:46 PM
QuoteMost of Regency Square Mall is scheduled for auction March 21 by the Duval County Clerk of Courts after a $162,872 judgment was levied against the mall owners.

The judgment was awarded to JAAMM Inc., a nonprofit company that operated the former Jacksonville Automotive & Motorcycle Museum in the former Montgomery Ward store in the mall in 2016 and 2017.

The nonprofit filed a lawsuit against Regency's owners in June 2017, saying the owners did not reimburse the company as required for $135,044 in improvements on the property made by JAAMM. The final judgment includes attorney's fees and other costs.

Full article: https://www.jaxdailyrecord.com/article/regency-square-mall-could-be-auctioned
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life." - Muhammad Ali

marcuscnelson

#1
February 07, 2019, 05:26:19 PM
Any chance we can all pool our money together and redevelop Regency Square?  ;D
So, to the young people fighting in this movement for change, here is my charge: march in the streets, protest, run for school committee or city council or the state legislature. And win. - Ed Markey

pierre

#2
February 08, 2019, 08:18:39 AM
What does everyone feel like is the end game here? There is almost zero chance the mall can be revived in it's current format. Does it just get torn down?

BridgeTroll

#3
February 08, 2019, 08:19:50 AM
indoor paintball arena...  8)
In a boat at sea one of the men began to bore a hole in the bottom of the boat. On being remonstrating with, he answered, "I am only boring under my own seat." "Yes," said his companions, "but when the sea rushes in we shall all be drowned with you."

Tacachale

#4
February 08, 2019, 08:25:38 AM
Quote from: BridgeTroll on February 08, 2019, 08:19:50 AM
indoor paintball arena...  8)

That would be lit. We can dream!
Do you believe that when the blue jay or another bird sings and the body is trembling, that is a signal that people are coming or something important is about to happen?

Captain Zissou

#5
February 08, 2019, 09:17:22 AM
Quote from: Tacachale on February 08, 2019, 08:25:38 AM
Quote from: BridgeTroll on February 08, 2019, 08:19:50 AM
indoor paintball arena...  8)

That would be lit. We can dream!

Where do I pay for my annual membership?  Ever since the annual paintball weekends at Dee Dot got discontinued, i've been itching to unleash a paintball fury on somebody

BridgeTroll

#6
February 08, 2019, 09:23:04 AM
Quote from: Captain Zissou on February 08, 2019, 09:17:22 AM
Quote from: Tacachale on February 08, 2019, 08:25:38 AM
Quote from: BridgeTroll on February 08, 2019, 08:19:50 AM
indoor paintball arena...  8)

That would be lit. We can dream!

Where do I pay for my annual membership?  Ever since the annual paintball weekends at Dee Dot got discontinued, i've been itching to unleash a paintball fury on somebody

There is one on Normandy Blvd...

http://www.whilspaintball.com/
In a boat at sea one of the men began to bore a hole in the bottom of the boat. On being remonstrating with, he answered, "I am only boring under my own seat." "Yes," said his companions, "but when the sea rushes in we shall all be drowned with you."

Elwood

#7
February 08, 2019, 08:32:38 PM
New HQ for JEA? Plenty of parking, not in a flood zone, easy access with plenty of bus routes, high visibility. Move the school board there too.

thelakelander

#8
February 08, 2019, 09:10:42 PM
Regency isn't downtown. So you'd be taking 836 jobs away from the core. Also, a retail footprint may not be built to the specifications a public utility needs.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life." - Muhammad Ali

Elwood

#9
February 09, 2019, 09:15:16 PM
Guess the hint of sarcasm was missed. ;)

thelakelander

#10
February 20, 2019, 08:18:54 AM
What a disaster:

Regency Square Mall foreclosure auction scheduled

https://www.jaxdailyrecord.com/article/regency-square-mall-foreclosure-auction-scheduled
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life." - Muhammad Ali

marcuscnelson

#11
February 20, 2019, 04:43:17 PM
Quote from: thelakelander on February 20, 2019, 08:18:54 AM
What a disaster:

Regency Square Mall foreclosure auction scheduled

https://www.jaxdailyrecord.com/article/regency-square-mall-foreclosure-auction-scheduled

So... any buyers?

Seriously, is there any realistic guess of who is likely to buy this?

Any reason we can't form a development company tomorrow and somehow do this? ;D
So, to the young people fighting in this movement for change, here is my charge: march in the streets, protest, run for school committee or city council or the state legislature. And win. - Ed Markey

vicupstate

#12
February 20, 2019, 04:48:38 PM
Whoever owns it now is not going to lose it over $100k. 
"The problem with quotes on the internet is you can never be certain they're authentic." - Abraham Lincoln

Charles Hunter

#13
February 20, 2019, 05:11:19 PM
Maybe the City could relocate the Landing tenants that are about to be displaced.

dos0711

#14
February 22, 2019, 10:40:36 AM
If anything needs to be leveled it's that mall. That is definitely not the best and highest use for that property.
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