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Jax Daily Record Tuesday, Aug. 30, 201612:00 PM EST

Steele Creek complex a $28M project


Permit applications were filed for the 300-unit Steele Creek apartments in Southside at 8599 A.C. Skinner Parkway.

LandSouth Construction Co. of Ponte Vedra Beach is the contractor for the project, which is shown at a construction cost of $28 million.

AC Packer West LLC, led by Joseph Eckstein, will develop Steele Creek on 14.76 acres next to The Loree apartments, which Eckstein’s group also is developing.

AC Packer CFO Scott Gay said site work began last week and the project should be completed in 18-20 months. The city approved site clearing in June.

Gay described the architectural inspiration as a revival of influences of industrial Northern Florida and Southern Georgia from the 1950s through the 1970s.

He said the project and its design team won the 2015 Design Excellence Award from the First Coast Chapter of the Florida Planning and Zoning Association.

The project will include six four-story apartment buildings, seven parking garages, a clubhouse, maintenance building/car wash, fitness center and pool.

Gay said the four-story buildings will have elevators.

Kimley-Horn and Associates Inc. is the design consultant and engineer while Charlan, Brock & Associates Inc. of Maitland is the architect. Dix.Hite + Partners Inc. of Longwood is the landscape architect.

Units comprise 171 one-bedroom, 111 two-bedroom and 18 three-bedroom apartments.

Gay said the average unit size will be 1,000 square feet, ranging from 798 to 1,380 square feet.

Rents have not been determined.

Ravella apartments apply for construction

The Strand at Town Center could soon see construction start on 263 units of the Ravella at Town Center apartment community.

Permit applications were filed last week for five four-story apartment structures totaling a construction cost of $22.1 million. No contractor is specified.

Houston-based Stanmore Partners intends to buy about 6 acres at the northern end of The Strand to develop the 305-unit Ravella at Town Center apartments at 4674 Town Center Parkway.

Stanmore previously applied for a permit to build a seven-tier parking garage for the apartments. A contractor was not specified for that $6.5 million project, either.

Those plans showed six apartment buildings that offer 199 one-bedroom, 95 two-bedroom and 11 three-bedroom units.

Stanmore/ADEF Jax Owner LLC also has filed the name Ravella Town Center Apartments and Ravella at Town Center Apartments with the state.

Jason Schlanger, Stanmore Partners multifamily managing director, said Sunday by email the company will issue a news release when it buys the land.

Birmingham, Ala.-based PGP Jacksonville TC LLC, part of Preferred Growth Properties, is developing The Strand and The Crossing at St. Johns Town Center at Gate and Town Center parkways, near St. Johns Town Center.

Sorrel apartments bought for $48M

The 290-unit Sorrel Luxury Apartments in the Atlantic North area sold for $48.1 million last week to PAC Sorrel LLC, which shares an address with Oxford Properties of Atlanta.

PAC Sorrel bought the 14-acre property at 12001 Abess Blvd. from DD Jax-Kernan Partners LLC, whose address is with Equity Resources LLC of Birmingham, Ala.

The 12-building property was developed in 2015 and sold for $165,948 per unit.

Prudential Multifamily Mortgage LLC issued a $33.6 million mortgage to PAC Sorrel.

The property is at northwest Atlantic and Kernan boulevards.

Site plans filed for Houston Manor

Beneficial Communities of Sarasota submitted civil engineering plans for its proposed Houston Manor senior apartments near the Duval County Courthouse.

Houston Manor is a proposed seven-story, 125,600-square-foot apartment building on a half-acre at 615 Houston St., at Jefferson and Houston streets Downtown.

It will comprise two levels of parking and five stories of residential space. Part of the building with the two-level garage will include a rooftop courtyard area, plans show.

Plans indicate 72 units, comprising 37 one-bedroom and 35 two-bedroom units.

Baker Klein Engineering is the civil engineer. Forum Architecture and Interior Design Inc. is the architect.

A Beneficial Communities representative did not return a call Monday for comment.

In November, the Downtown Investment Authority approved a resolution granting development rights for the project.

Project manager Dan Ionescu said in November the $18.6 million apartment development had been approved for $15.8 million in tax credits from the Florida Housing Finance Corp. and a $115,000 local government contribution commitment from the Jacksonville Housing Authority.

The state tax credit terms called for the project to be completed within 24 months.

Woodbridge sold, renamed Viera at Mandarin

Maxus Realty Trust Inc. of Missouri paid $17.6 million last week for the Woodbridge at the Lake apartment community and renamed it Viera at Mandarin.

Now managed by Maxus Properties, Viera at Mandarin comprises 188 units at 4263 Losco Road.

The property, built in 1984, sold for $93,617 a unit.

Nashville-based Covenant Capital Group, through Woodbridge Multifamily Partners LLC, sold the property. It purchased it for $12.2 million in 2013.

Maxus, which bought the property through Viera Acquisition LLC, is based in North Kansas City. It also owns Elements of Belle Rive Apartments in Jacksonville.

The property comprises 17 buildings, property records show, and includes a 21-acre lake, resort-style pool, fitness center, conference room and coffee bar.

Linton buys Southside property for center

Lake City-based developer Micah Linton bought Southside Boulevard property Thursday to develop a retail shopping center next to the Larry’s Giant Subs headquarters.

Through Rimrock Southside LLC, Linton bought the property, at 4490-4492 Southside Blvd., for $1.7 million.

It was sold by Raikes Boys LLC, led by manager Laurence Raikes, the Larry of Larry’s Giant Subs.

Ameris Bank issued a $3.41 million mortgage to Rimrock the same day.

Linton already has filed plans and applied for permits for the center, which is across from the Tinseltown area.

In July, Rimrock Southside applied for a permit to build a 12,000-square-foot shell retail building on just over an acre at the address. No contractor is listed for the anticipated $1.5 million construction project.

It would comprise 8,600 square feet of retail space and an end-unit, 3,400-square-foot, 100-seat restaurant with inside and outdoor seating.

Linton’s area projects include developing and selling a retail center in The Markets at Town Center, a student residential hall for Jacksonville University and Southpoint property for development of the Portiva apartments.

Linton did not return a call for comment.

Retail notes

• Dollar General will build a West Jacksonville store at 14837 Normandy Blvd. Concept Construction of North Florida, based in Gainesville, will build the 8,859-square-foot location.

• Bailey’s Health & Fitness intends to expand its West Jacksonville gym at 6254 103rd St. PNL Commercial Corp. of Winter Park is the contractor for the 8,978-square-foot expansion at a construction cost of $263,400.

• Old St. Augustine Plaza continues significant renovations. The Publix Super Market will undergo a $787,469 renovation by Elkins Construction LLC. Also at the center, space is being demolished for the $5.5 million construction of LA Fitness. Regency Centers owns the center at 11250 Old St. Augustine Road.

• Hendricks Avenue is gaining another coffee shop. Bold Bean Coffee is building-out near San Marco at 1905 Hendricks Ave., about a third of a mile south of Panera Bread at 1440 Hendricks Ave.

• More demolition is planned at Mandarin South, the shopping center at 11700 San Jose Blvd. where Earth Fare, PetSmart and Tijuana Flats are expected to join several existing tenants in the renovated property. Preferred Growth Properties owns the center and filed a permit application last week for $120,000 for interior demolition. It already has applied for other demolition permits as well as site clearing.

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