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.
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.
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I AM ALL FOR THE DEMOLISHING OF THE LANDING AND A BRAND NEW JACKSONVILLE LANDING, SO LONG AS TROPICAL COLOURS ARE USED, AND WE KEEP FLORIDA FLORIDA. NO DRAB, MORBID, AND BLAND COLOURS LIKE SO MANY DO, LET US LIVIN THINGS UP. LET US MAKE JACKSONVILLE LANDING FOR ALL AGES TO ENJOY AND ABOVE ALL LET US NOT FORGET OUR HANDICAPPED PEOPLE AS WELL, AND LET THE SHUT IN FOLKS COME AND JOIN ALL OF US AT JACKSONVILLE LANDING!!!