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Jax Daily Record Thursday, Mar. 15, 201809:57 AM EST

Roosevelt Square Belk approved for demolition

Westside center starting third redevelopment.

Roosevelt Square’s redevelopment should be evident soon, now that the city issued permits for demolition of the closed Belk store and other shop space.

The city issued permits Wednesday for RLH Construction LLC of Oviedo to take down the former Belk and its surrounding parking as well as retail space on the western end of the property.

The job cost is $300,000. The addresses are 4397 and 4529 Roosevelt Blvd., east of Roosevelt Boulevard and south of San Juan Avenue.

In January, a representative of shopping center owner Dewberry Capital Corp. said Roosevelt Square will undergo a third phase of redevelopment under its ownership.

The representative called it “a total renovation” of the 29-acre West Jacksonville shopping center and said plans would be released when ready.

Atlanta-based Dewberry Capital, through Roosevelt Square LLLP, applied to the city to demolish the closed Belk department store at a cost of $250,000 and a former pharmacy at a cost of $50,000.

Plans do not indicate any development on the site after it is cleared.

Dewberry Capital also applied to the city for a façade renovation and addition to the retail building anchored by Stein Mart. That is the building where the pharmacy will be demolished.

No contractor is listed for the $1.2 million façade and addition project. The permit and plans show the address as 4397 and 4399 Roosevelt Blvd.

Building B, the focus on the permit, is along San Juan Avenue at the northern end of Roosevelt Square. 

Other tenants shown in Building B include Panera Bread, Okinawa Japanese Grillhouse & Sushi Bar and Moe’s Southwest Grill.

Plans show Dewberry Capital will open a 12,000-square-foot Ulta Beauty store adjacent to the north side of Stein Mart and add a 5,350-square-foot building behind Ulta for more shops.

Dewberry Capital bought the former enclosed Roosevelt Mall in 1997 and completed two redevelopment phases in 1999 and 2003.

It transformed the center, built in 1961, into an open-air shopping plaza.

The third phase was signaled by permitting, plans and a $68.5 million mortgage issued in May by Protective Life Insurance Co. to Roosevelt Square LLLP. The loan matures in five years.

The agreement shows Dewberry Capital intends to retain existing anchors Stein Mart and Publix and sign new tenant PetSmart.

Stein Mart confirmed last year that it renewed its lease in a 46,000-square-foot space and plans to renovate it.

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