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Real Estate
Jax Daily Record Thursday, Apr. 15, 202105:00 AM EST

Apartments planned for former Regal Cinemas on Beach Boulevard

City Council approves a rezoning request for at least 350 units.
by: Katie Garwood Staff Writer

The City Council approved a bill 18-0 on April 13 to rezone the former Regal Cinemas property on Beach Boulevard to allow for multifamily development.

A JEA Service Availability letter dated Oct. 21 from PG Investco LLC states it wants to build a 350-unit community called Presidium Beach Blvd. 

A JEA report for March 30 said the number of units is 400. 

Attorney Paul Harden is listed as the applicant. The rezoning application seeks to rezone the property at 14051 Beach Blvd. from commercial community general to high-density residential.

A Regal Cinemas spokesperson could not be reached about when the theater closed, but the location no longer is listed on the company website.

Regal operates two locations in Jacksonville at 9525 Philips Highway and 12884 City Center Blvd. in River City Marketplace. The theaters were closed for much of the past 12 months because of the pandemic. 

Mark Farrell is listed as the registered agent of Dallas-based PG Investco LLC. Farrell is the president of development for Presidium Group, a Texas-based real estate developer.

Farrell did not return a call for comment.

Presidium developed the JTB Luxury Apartments at 8876 AC Skinner Parkway and Presidium Town Center at 7738 AC Skinner Parkway. 

Elda FL Investments LLC owns the 14.01-acre theater and parking lot property.

The Jacksonville Planning Commission approved it 5-0 on March 18, followed by Council Land Use & Zoning Committee approval 7-0 on April 6. 

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