THE JACKSONVILLE LANDING TO BE DEMOLISHED
Earlier this week, we reported on the settlement agreement struck between Mayor Lenny Curry’s office and Jacksonville Landing Investments.
The details of that agreement have now become clearer, as have the plans for the future of the Landing property.
As part of the settlement, the city will pay Jacksonville Landing Investments, which is a subsidiary of Sleiman Enterprises, a total of $15 million to terminate their property lease and take control of the building. An additional $1.5 million will go toward terminating the leases of the Landing’s remaining tenants and finding new homes for those businesses.
And $1.5 million more is being requested by the mayor’s office for future costs related to demolishing the Landing, which is the city’s plan for the property.
Altogether, the city would pay a $18 million premium to put the Landing and its struggles in the past.
The deal must be approved by city council before it would go into effect.
PLANS SUBMITTED FOR THE FOUNTAINS AT ST. JOHNS
DAR Investment One, LLC, submitted plans for The Fountains at St. Johns, a multi-use development to be built along CR-210 near I-95 in northern St. Johns County.
Those plans show an 11-building commercial complex that will include over 86,000 sq. ft. of retail space. Also set to be featured: tons of office space including medical offices, and a Dunkin’ location along CR-210.
- Publix received a permit to remodel its location at 120 Marketside Ave. within Nocatee Town Center.
- Panera Bread is building a new 3,100 sq. ft. location at 876 A1A N. in Ponte Vedra Beach.
- The city received a permit to add a “cool zone” facility to the Jaguars’ outdoor practice field at 1 TIAA Bank Field Dr.
- Dollar General received a permit for construction of a new location at 14619 Yellow Bluff Rd.
- A permit was issued for the construction of Wawa’s future location at 5735 Philips Hwy.