Town Center Two planned along Gate Parkway

The 218,700-square-foot building is next to Town Center One.


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VanTrust Real Estate is preparing to build its Town Center Two building along Gate Parkway.

Through JO Town Center Two LLC, the real estate company seeks an administrative deviation regarding parking.

A plan filed with the request shows a six-story, 218,700-square-foot office building on at least 14 acres of an almost 18-acre site.

The building is larger than its neighbor, VanTrust’s Town Center One under construction at 5555 Gate Parkway.

Town Center One is a five-floor, 160,000-square-foot building that will be completed next summer and anchored by Jacksonville-based health care company Availity LLC.

No tenant was identified for Town Center Two, although one project in the market is McKesson Corp., a global supplier of health care products and services.

McKesson matches the description of Project Milan, a code-named project that was approved for tax incentives in August.

City Council adopted a resolution for a $700,000 Recapture Enhanced Value grant for Milan, described as an expansion of an existing company.

Milan proposes to lease and furnish a Class A office building that would be built in South Jacksonville.  Milan needs 90,000 to 95,000 square feet of space.

The capital investment in building-out and equipping the space is estimated at $28.5 million.

John Carey, executive vice president of VanTrust Real Estate, said in August that his group presented the proposed Town Center Two project to McKesson, but he was not aware of a decision then.

Carey said McKesson did not indicate it was Milan. He could not be reached for comment Thursday.

Site plans also show a Town Center Three, although there is no size for that. Carey said previously that Town Center Two and Three would total up to 300,000 square feet and that VanTrust has flexibility with the size of each.

He said VanTrust could tailor the size of each building to meet the needs of a tenant.

The investment in the three is estimated at $90 million upon build-out.

A McKesson spokeswoman said previously the company regularly reviews its real estate footprint and that it was “evaluating our options in the Jacksonville area as a normal course of business. It would be premature to discuss any speculation.”

San Francisco-based McKesson bought Jacksonville-based PSS World Medical Corp. in 2013.

PSS World Medical distributed medical products and services. McKesson took over its leased headquarters offices in a Southpoint building with 104,358 square feet of rentable space.

In 2015, the company employed about 500 office staff in leased space. The city legislation says Milan committed to retain 428 jobs and create at least 10 more full-time positions by Dec. 31, 2021.

While it committed to the 10 jobs, it said it might create 50 by year-end 2022.

A written description with the administrative deviation request says JO Town Center Two, a VanTrust-related entity, proposes to provide 1,223 parking spaces “to accommodate the number of likely employees.”

The application requests relief from a Zoning Code requirement regarding off-street parking spaces.

Church of Eleven22 OK’d for Regency renovations

With a permit approved, The Church of Eleven22 can start building out the former HHGregg store in Regency for a new campus.

The construction project is valued at nearly $2.7 million.

The city approved a permit Wednesday for The Church of Eleven22 to renovate the 26,200-square-foot space for what will be its fourth location.

Bradley Bowen Construction will renovate the former electronics and appliance store at 651 Commerce Center Drive, No. 100.

A spokeswoman said previously the first service there is planned Christmas Eve, with regular services starting the first week in January.

The location was chosen for the convenience of those who attend. The church said it has about 8,500 attendees at all of its locations.

The Jacksonville-based church also intends to launch its second Hope’s Closet thrift store in the spring next door to the Regency campus. A site plan shows Hope’s Closet as the tenant in the 26,400-square-foot space.

The Church of Eleven22 is based at 14286 Beach Blvd. and has opened satellite campuses in Mandarin at 4911 Losco Road and at 8133 Point Meadows Drive in Baymeadows.

The first Hope’s Closet is in the Beach Boulevard center.

Eleven22 stands for Mark 11:22 in the New Testament book of the Bible.
 

 

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