Miramar Plaza, a 77-year-old shopping strip center near San Marco, is being renovated.
“For the sake of the area and the community, I wanted to purchase that property and transform it into a beautiful building the community deserves,” said Joseph Nackashi, who formed a company that bought the property at 3855 Hendricks Ave. in June 2021.
Nackashi is CEO of Jacksonville-based Black Knight Inc. The Miramar investment has no connection to that company.
Nackashi and his son, Gabriel, 23, formed Nackashi & Nackashi LLC in April 2021 to make the purchase.
The company paid $975,000 for the 12,425-square-foot multifamily building that now has one tenant, Trends Art & Home Boutique Inc.
Owner Lori Taylor-Halbach said she has been there 14½ years.
Nackashi & Nackashi bought the center from George M. Piner Jr.
Piner’s Lock & Safe had anchored the center. It closed its storefront but continues to offer service by coming to the customer.
“I have one anchor tenant and there has been a lot of interest from other tenants,” Nackashi said Aug. 3.
The Milkster Nitrogen Creamery Jacksonville shop intends to open this fall in the corner location at 3853 Hendricks Ave.
Nackashi considers both the building and the area historic. It south of San Marco.
Nackashi, class of 1981, and his five children, ages 31 to 20, all attended Bishop Kenny High School.
He said he saw the building daily as he drove them to school in St. Nicholas, which is east of San Marco.
Completed and pending permits show Nackashi & Nackashi intend to invest at least $639,500 in exterior facade work, interior demolition, roofing and other work. That is on top of the purchase price.
Nackashi expects the total investment to be more than $2 million.
“I want to get the building done before I start leasing it to other tenants,” Nackashi said.
He said Milkster will be a “great anchor tenant.” He hopes to complete and open the plaza before year-end.
“This is an investment for us as well as the community,” he said.
He said he expects eight more tenants in addition to Trends Art and Milkster.
Nackashi said he is putting up a new facade on the center and has plans to renovate the entire exterior, upgrade the parking area and clean up the back.
“I think it is going to be great for the San Marco area,” Nackashi said.
“I want it to be a landmark.”
