Last lot in Gateway Village at Town Center sold to hospitality group

Bought five years ago, the last 2 acres of the 18.5-acre mixed-use site south of Butler Boulevard is the last to be developed.

A group that owns hotels bought the final lot at Gateway Village at Town Center.
A group that owns hotels bought the final lot at Gateway Village at Town Center.
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Gateway Village at Town Center is sold out. 

Chris Morgan, co-CEO and founder of Jacksonville-based developer Cantrell & Morgan Inc., said Dec. 2 that Jacksonville Gateway Village LLC closed a transaction with a group that owns hotels.

The LLC, which he leads, sold 2.01 acres to Town Center Hospitality LLC of Jacksonville for $2.6 million. Professional Bank of Coral Gables made a $1.69 million mortgage. 

The deed and mortgage were made Nov. 30 and recorded Dec. 1 with the Duval County Clerk of Courts.

A Town Center Hospitality representative said Dec. 6 the group is deciding on its plans. 

Gateway Village is an 18.5-acre project at southwest Gate Parkway and Deerwood Park Boulevard., south of Butler Boulevard and St. Johns Town Center. Cantrell & Morgan executives bought the land in July 2017 from members of the Skinner family for $6.64 million. Cantrell & Morgan developed the project.

 Owners sold off developed and vacant parcels. 

Gateway Village is a retail, commercial, hotel and apartment project anchored by Midtown Table, RaceTrac, Burrito Gallery and other retailers.

 

 

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