CT Realty has applied for permits to build the first three speculative warehouses in the first phase of the Florida Gateway Logistics Park in West Jacksonville at a combined cost of $63.71 million.
Evans General Contractors of Savannah, Georgia, is the contractor for Buildings 200, 300 and 800 at 9909 Pritchard Road.
They total 1.72 million square feet of space.
The permit applications show:
• Building 200 at 300,300 square feet and a construction cost of almost $13.52 million.
• Building 300 at 421,260 square feet and $15.88 million.
• Building 800 is 1 million square feet at $34.31 million.
The sizes vary slightly from the property’s marketing brochure.
Evans General Contractors also is the contractor for the buildings’ foundations at project costs totaling $1.18 million. Those permits are in review.
Counting the construction and foundations, site clearing and electrical work, the costs total $67 million.
JPMorgan Chase financed the first phase at $71.825 million.
California-based CT Realty in partnership with Diamond Realty Investments LLC bought 251 acres in West Jacksonville to develop a more than $300 million, 3.2 million-square-foot, eight-building industrial park.
DRI/CTR JAX Phase I LLC bought the vacant land April 29, 2021, from Southeast Toyota Distributors LLC of Deerfield Beach for $19.5 million.
The first phase is 164 acres.
The city approved initial site clearing Aug. 24.
England, Thims & Miller Inc. of Jacksonville is the civil engineer. Codes-ABC Inc. is handling code-compliance review.
The JLL real estate company, also known as Jones Lang LaSalle Inc., represents the developer.
The remaining five buildings range from 250,200 to 416,000 square feet.
JLL Senior Managing Director Luke Pope said Feb. 21 the buildings will be completed about the first quarter of 2023.
“We are currently responding to proposals on all three of them,” he said.
A speculative structure of 1 million square feet makes space available to large tenants who might be on a tight timetable.
