Compiled by Staff
Palencia in St. Johns County will gain a Publix Super Markets Inc. grocery store at the Palencia Commons Shopping Center.
Franklin Street and Cape Asset Management said Publix executed a 20-year lease to anchor the center at 7458 U.S. 1 N. in St. Augustine, at the entrance to the Palencia development.
The 45,600-square-foot Publix will be the first grocery store tenant there since Food Lion closed in 2012. The Publix space will be completely redeveloped within the center. It is expected the build-out could start in early 2017 and be complete by 2018.
Katy Figg with Franklin Street is the exclusive leasing broker for Palencia Commons, which is managed by Cape Asset Management.
Also, Franklin Street and Cape Asset Management said the center would be renovated and will add 16,800 square feet.
Workout Anytime and Broad River Tavern will open in the additional shops.
Palencia Commons was built in 2008 and will be 90 percent occupied with the addition of Publix, but not including the new space.
Senior living project planned on Southside
The City of Jacksonville received a permit application for a $22 million senior housing project in Southside.
Inspired Living at Jacksonville is planned at 10776 Burnt Mill Road near the James Island community.
The application shows the facility with 43 memory care units and 109 assisted living units in a 127,234-square-foot building.
Validus CEO Steve Benjamin said he anticipates breaking ground in February. NDC Construction is the contractor. Kronos Capital Inc. of St. Petersburg is the developer.
The validusseniorliving.com site says Inspired Living at Jacksonville will open in fall 2017.
Benjamin said there will be 150 units of licensed assisted living with a separate area for residents with memory care related challenges. Plans show 152.
He also said it will be “amenity heavy” and include wellness and fitness areas, anytime dining in a restaurant-style environment, a dog park, transportation services and health care related services facilitated by licensed nurses seven days a week.
Plans filed with the zoning application show a three-story assisted living facility and another wing to be developed in phases.
Horizontal improvements would start in 2016-17 and construction will begin after that.
On its site, Validus lists nine Inspired Living communities operating in Florida, with another opening in New Orleans in the spring.
Fogo de Chao coming to area
Fogo de Chao Brazilian Steakhouse appears to be the next restaurant newcomer to Jacksonville, planning to open at The Strand at Town Center.
The concept is owned by Fogo de Chao Inc., based in Dallas.
A map shows Fogo de Chao is planned on an outparcel along Town Center Parkway, although a concurrency reservation certificate lists the address as Gate Parkway.
The 8,549-square-foot restaurant will occupy a 1.3-acre site.
At The Strand and its companion The Crossing at Town Center, it joins other new-to-town eateries — Chuy’s, Cheddar’s Scratch Kitchen and Firebirds Wood Fired Grill. Moe’s Southeast Grill and PDQ also are going into the developments.
The Strand and Crossing are under development opposite St. Johns Town Center.
Fogo de Chao serves lunch, dinner and Sunday brunch. There also is a bar.
Its menu includes steaks, chicken, lamb and pork along with seafood; the Market Table of seasonal salads, cheeses, cured meats, seafood and more; sides; and desserts.
Fogo won’t be far from a competitor. Newcomer Texas de Brazil Churrascaria Brazilian Steakhouse intends to open in the neighboring Town Center Promenade development in 2017.
Collins Plaza adding retail, restaurants
Gatlin Development Co. expects to complete Collins Plaza in Southwest Jacksonville by summer 2017, adding almost 40,000 square feet of restaurant and retail space to the existing businesses.
Jacksonville-based Gatlin Development bought the nearly 44-acre Collins Plaza site at Collins Road and Interstate 295 in December 2014 and sold about 16 acres for development of a Wal-Mart Supercenter. That opened in the spring.
Jacksonville-based Gate Petroleum Co. bought property for a Gate store that opened in the summer and land next to it where it will build a new Express Car Wash expected to be ready for business in the summer.
Gatlin is moving ahead on plans to build four more buildings. The company expects to complete two of those buildings, totaling 20,600 square feet, in the spring.
The city received permit applicants for tenant work in 11,600 square feet of space at a cost of $465,000.
Those tenants are China Kitchen, Coco’s Beauty Supply, Great Clips, Fancy Sushi, MetroPCS and Le Nails & Spa.
Frank Gatlin III, CEO of Gatlin Development, said his group was working with prospects to take the remaining 9,000 square feet in those buildings, but could not disclose names.
He expects to break ground in the first quarter on another multitenant 8,600-square-foot building, which will include an end-unit drive-thru, for completion in the summer.
And behind that, he is designing a 10,000-square-foot building for two tenants — a 3,500-square-foot restaurant and a 6,500-square-foot retailer. That, too, will open by summer, he said.
400 apartments for Deerwood Park
A 400-unit apartment complex is planned for Deerwood Park on land owned by GuideWell Group Inc.
GuideWell Mutual Holding Corp. is the parent company of Florida Blue.
WRH Deerwood would be six apartment buildings on almost 16.6 acres along Deer Lake Drive East.
It would be developed at northeast Butler and Southside boulevards in Deerwood Park North, west of the Florida Blue Deerwood Campus.
There also would be a clubhouse and pool, playground, leasing building and at least two parking garages.
Access to the complex would be from Deer Lake Drive and the property might be gated.
GuideWell Mutual Holding Corp. is a not-for-profit mutual holding company for a family of health care companies. It is based at 4800 Deerwood Campus Parkway at the Deerwood Park North campus.
St. Petersburg-based WRH Realty Services Inc. is a full-service real estate investment, property management, construction and consulting firm. It has an office in Jacksonville.
Its website, wrhrealty.com, says it manages 15 Jacksonville properties, including Vestcor’s 11 East Forsyth and The Carling, both Downtown.
WRH also has been awarded the management contract for the Lofts at LaVilla, a 130-unit affordable housing apartment building Vestcor will develop Downtown along Water Street.
Riverplace Tower sells for $53.4M
Riverplace Tower’s buyer is closely related to the seller.
Close enough that they have the same office address — at Lingerfelt CommonWealth Partners in Glen Allen, Va.
The sale, recorded Dec. 1 with the Duval County Clerk of Courts, shows LCP Riverplace LLC bought the tower for $53.4 million.
LCP Riverplace is led by J. Ryan Lingerfelt, president and chief investment officer of Lingerfelt CommonWealth Partners.
It bought the 28-story Downtown riverfront tower from CFLC Replace LLC, which was led by New York-based Fortress Real Estate Opportunities Funds, managed by New York-based Fortress Investment Group.
CFLC Replace LLC was a partnership of the Fortress funds and Lingerfelt CommonWealth.
Lingerfelt CommonWealth had no further comment, saying it is unable to comment outside of its news release because of confidential provisions.