Another piece of the Southbank is in play for redevelopment now that South Florida investor Ramon Llorens took control of riverfront acreage in front of the Lexington Hotel & Conference Center Jacksonville Riverfront.
That property comprises a 1.41-acre parking lot and 4.6 acres of the 6.14-acre site that includes the Chart House restaurant.
Duval County records show that Llorens, through Brickell South Miami Developments LLC, was granted the deed to the property Aug. 31 by Riverwalk Jacksonville Development LLC of Miami. That group is selling property around the Lexington as part of its Chapter 11 bankruptcy reorganization.
The deed was transferred at a consideration of $10. It was recorded with the Duval County Clerk of Court on Sept. 1. It follows Brickell South’s satisfaction of the mortgage.
Sabadell United Bank of Miami and Riverwalk Jacksonville Development LLC assigned the $3.61 million loan to Brickell South. That assignment was recorded Aug. 21. Brickell South filed a satisfaction of the mortgage Sept. 1.
Llorens has declined comment about his Jacksonville investments. He already has invested almost $58 million in EverBank Center and property at Talleyrand and in Dames Point. He began his Jacksonville investments a year ago.
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Llorens’ family-owned Brickell South Miami Developments LLC had a contract for up to almost 8 acres of the almost 11 acres that Riverfront Jacksonville Development LLC is selling as part of its bankruptcy reorganization.
Riverfront Jacksonville’s disclosure statement filed in July with its second amended plan of reorganization states it entered into a purchase, sale and settlement agreement with Brickell South on June 18.
That agreement included what are called the Riverplace Parcel and the west parking lot. The closing was expected on or before Aug. 15.
The agreement stated the Llorens group would pay $1.75 million and satisfy the $3.61 million note and mortgage on the property, the statement says.
As described in the statement, the Riverplace parcel includes the buildings leased by the Chart House and International House of Prayer, along with five vacant offices. The west parking lot provides parking for tenants on the Riverplace parcel.
Riverplace Jacksonville Development LLC owned 10.85 acres around the Lexington hotel, a former Wyndham recently bought by a Florida company that is investing up to $20 million to renovate it.
On the opposite side of the hotel from the Llorens piece, Phoenix-based Alliance Residential Co. has a contract with Riverfront Jacksonville Development LLC for about 3 acres, where it intends to build the Broadstone River House apartments.
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