This week, two different companies submitted plans for mixed-use developments, one on the Westside and one in northern St. Johns County.
Sleiman Enterprises submitted plans for Chaffee Square, a mixed-use development with plans showing three outparcel lots for development along with 67 single-family residential units.
In northern St. Johns, Racetrack Investors submitted plans for a mixed-use development at Race Track Rd. and Big Cypress Dr., including four residential buildings, an amenity center, a 25,000 sq. ft. commercial building, and a 5,000 sq. ft. commercial building.
Flying Colors Group LP has purchased a four-building industrial property at 11749 New Kings Rd. for $1,025,000 in cash.
With the addition of the property’s combined 25,000 sq. ft. of warehouse and office space, Flying Colors Group now owns over 434,000 sq. ft. of industrial space in Northeast Florida. The company plans to renovate the property later this year to attract new tenants.
The sale was facilitated by Eric Bumgarner of Colliers International’s Jacksonville office, who represented both the buyer and O.E. Smith & Sons, Inc., the seller.
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