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Jax Daily Record Thursday, Mar. 2, 201712:00 PM EST

TriBridge building $49 million apartment community at Town Center Promenade

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TriBridge Residential started work at the end of February on a $49 million apartment community at Town Center Promenade, opposite St. Johns Town Center.

Through TBR Town Center Property Owner LLC, TriBridge paid $6.8 million for about 9.06 acres at 4450 Tropea Way for construction of a 287-unit apartment community.

It is expected to be completed in 24 months, said Katherine Mosley, TriBridge Residential vice president of development.

TriBridge is partnering with Sefira Capital for the project.

Sefira Capital partner Mijael Attias said by email the “tremendous migration and job creation” in the area in recent years along with trends for housing needs drove the decision to step into the market.

“The site is located in absolutely prime real estate. Within a few steps, there’s access to the most exciting retail and entertainment in Jacksonville,” he said.

Attias also said the site is near 8 million square feet of office space, the University of North Florida and major roads and interstates.

He said those factors make the location a work-live-play environment.

Mosley said the community, which has not been named, will include a resort-style pool including a lounge and lap pool with a rain curtain; a fitness center; a dog park with dog wash stations; and an outdoor party porch.

Rents will average $1,450 a month.

The city issued a permit for site-clearing March 1 at a job cost of $100,000.

TriBridge Residential Construction has applied for permits totaling $2.2 million to build the footings and foundations for the three-building community.

Atlanta-based TriBridge Residential, a multifamily owner, operator and developer, has a Jacksonville area track record. It developed the Uptown project in St. Johns Town Center as well as the BluWater Apartments, Seagrass Apartments and Cottage at North Beach, which is under construction.

The Promenade project is along the west side of Town Center Parkway between Brightman Boulevard and Midtown Parkway.

TriBridge bought its site Feb. 7 from CPC Jacksonville SJTC LLC and CPC Jacksonville SJTC Hospitality LLC.

The permit applications show the project team includes Dwell Design Studio LLC of Atlanta as the architect and interior designer and Prosser Inc. of Jacksonville as the civil engineer.

Attias and Aby Galsky formed Sefira Capital in September 2015 to establish a Miami-based investment boutique platform to acquire and develop commercial real estate.

Attias said the Town Center Promenade investment came after the group’s first three joint-venture projects in the acquisitions of a Hilton Hotel in Cocoa Beach and the 170,000-square-foot Cypress Point office park in Tampa, and the development of a self-storage facility in Naples.

Circle K seeks permit at Southside and Beach

Circle K is preparing to build a gas station and convenience store at northwest Beach and Southside boulevards.

The city is reviewing a building permit application for a 5,301-square-foot store at 8837 Beach Blvd.

No contractor was identified on the application, which shows a construction cost of $800,000 for the store and a 6,622-square-foot gas canopy that would cover 10 fuel pumps.

The application says the store will sell beer and wine for off-site consumption and will operate 24 hours a day.

A mobility fee calculation certificate for the gas station and convenience store shows it would be on 2.05 acres and include 20 fueling positions.

Circle K already operates at least 90 locations in Northeast Florida, according to CircleK.com.

Richard Kingan, real estate development manager, said previously the project could be the first new construction since Circle K bought the Kangaroo Express stores.

Area Kangaroo Express stores have been rebranded as Circle K following the acquisition of The Pantry Inc. by Alimentation Couche-Tard Inc.

The new Beach Boulevard Circle K would be opposite a Wawa planned at northeast Beach and Southside boulevards.

Circle K store also heading for Palencia

Circle K also intends to develop a store at Palencia.

The St. Johns River Water Management District is reviewing plans for Circle K on 1.88 acres at U.S. 1 and Shannon Road in St. Johns County. Bowman Consulting is the engineer.

It appears to be a 6,428-square-foot building with a 6,000-square-foot canopy.

Aetna soon to build-out at Gramercy Woods

On track for a midyear move, Aetna Inc.’s new offices at Gramercy Woods were approved for renovations.

The health insurer will leave the Aetna Building on the Downtown Southbank for the Southside office park.

The city issued a permit Monday for Gilbane Building Co. to renovate space at 9000 Southside Blvd. at a construction cost of $5.9 million. That follows a permit issued for almost $587,000 for interior demolition.

Aetna announced in May it would leave the tower as its lease expires in late summer.

It will leave 170,000 square feet Downtown and lease 133,503 square feet among six floors of the 10-story Building 100.

Mortgage issued for Dolphin Pointe

Fifth Third Bank has issued a mortgage of $18.6 million to Dolphin Pointe Health Care LLC.

It was made Friday and recorded Monday with the Duval County Clerk of Court.

Dolphin Pointe Health Care LLC is led by manager and President Gregory Nelson, who owns the property on which Dolphin Pointe Landing is under development north of Jacksonville University.

The city issued a building permit in December for the skilled nursing facility on 14 acres at 3412 University Blvd. N. That permit showed a job cost of $18 million.

The two-building project comprises a 94,139-square-foot skilled nursing facility and a 7,535-square-foot support building for kitchen, maintenance and housekeeping.

The 120-bed facility is designed to provide experience for JU students at the Brooks Rehabilitation College of Healthcare Sciences while providing a service to Arlington and Jacksonville residents as a whole.

The project is a partnership between JU and a group led by Nelson, a graduate of the university. His group also will manage day-to-day operations.

Tossgreen closer to SunTrust Tower opening

Tossgreen is preparing to build-out at the SunTrust Tower Downtown at 76 S. Laura St.

No contractor is listed for the $40,000 project to renovate about 1,500 square feet on the ground floor of the 23-story building.

The fast-casual restaurant focuses on salads and other healthy food and is expected to open this spring and offer breakfast and lunch.

Construction pending for MedExpress center

Property owner University-ME LLC wants to tear down the former Arthur Murray Dance Studio in Arlington and clear the site at 7720 Merrill Road to make way for the first MedExpress Urgent Care center in Northeast Florida.

A pending building permit shows MedExpress on 1.73 acres. Creighton Commercial Development & Construction is the contractor for the $750,000 demolition project.

Plans include seven exam rooms, an X-ray room and labs.

The city also is reviewing a building permit for construction of a 4,537-square-foot building for MedExpress at a cost of $1.14 million. Creighton Commercial is the contractor for that, as well.

Spokeswoman Annie Jamieson said no opening date has been set.

MedExpress will hire about 20 health care professionals, including customer service representatives and a full medical team.

Jamieson said MedExpress operates about 20 centers in Florida and has another 11 planned.

MedExpress operates 201 centers in 16 states.

Ikea, Baptist Health signs going up

Ikea, planning for a fall opening at Gate Parkway and Interstate 295, landed 10 sign permits that say Ikea, Home Furnishings and directional information.

The city approved the permits Tuesday. Taylor Sign & Design Inc. is the contractor.

Four permits were issued for Baptist Health and Southbank Plaza at 1650 and 1660 Prudential Drive. Harbinger is the contractor.

[email protected]

@MathisKb

(904) 356-2466

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