The Ponte Vedra Beach-based company intends to redevelop the land for retail use.
The Ferber Company bought a Mandarin bank site with the intention of redeveloping it.
Ferber paid $1.4 million on April 5 for the 1.4-acre site at 10600 San Jose Blvd. that features a closed 3,500-square-foot Wells Fargo branch. It was built in 1980.
Tom Mundy, Ferber vice president of development services, said April 7 the highest and best use of the site is as a restaurant with a drive-thru.
“The site is in the heart of Mandarin with great access at a signal and frontage to San Jose Blvd.,” Mundy said be email.
He said the site also is near Interstate 295. The location is west of San Jose Boulevard, north of I-295.
Ferber is based in Ponte Vedra Beach.