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Jax Daily Record Wednesday, Oct. 13, 202108:20 AM EST

$41.6 million Regal Apartments in permit review

Developer Presidium intends to build 334 units at the site of closed Beach Boulevard theater.

Texas real estate developer Presidium applied for permits to build the 334-unit Regal Apartments on the site of a closed theater at construction costs totaling $41.6 million.

Through PG Investco, part of Dallas-based Presidium, the developer requested 10 permits for five apartment buildings, along with the clubhouse, fitness and other structures, at 14031 Beach Blvd.

Dwell Design Studio LLC is the architect.

The apartments are planned among five four-story buildings on the 15.07-acre site of the closed Regal Cinemas.

The project comprises two 82-unit, one 84-unit and two 43-unit buildings as well as a clubhouse, fitness center, car care center and other structures.

Civil engineering plans show a pool area and a parking lot of 503 spaces for residents, which includes 52 garage spaces.

Plans show the theater will be demolished.

Fairview, Oregon-based Elda FL Investments LLC owns the property.

City Council approved legislation April 13 to rezone the property to allow for multifamily development.

Regal Cinemas, which closed the site this year, operates two theaters in Jacksonville at 9525 Philips Highway and 12884 City Center Blvd. in River City Marketplace.

Connelly & Wicker Inc. is the civil engineer on the project. Dix.Hite + Partners is the landscape architect.

Presidium has built other projects in Jacksonville including the JTB Luxury Apartments at 8876 AC Skinner Parkway and Presidium Town Center at 7736 AC Skinner Parkway. 

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