Office-retail building has an estimated construction cost of $1 million.
TSG Realty proposes to develop Mandarin Point, a two-story, 9,000-square-foot office-retail building at 12636 San Jose Blvd.
Property Manager Pamela Howard estimates a $1 million construction cost.
“This area is one of the most desirable areas in Jacksonville,” she said.
Howard said average household income is more than $100,000 and the traffic counts are more than 46,000 vehicles per day in South Mandarin and Julington Creek.
“There is limited new development in this area,” she said, and occupancy rates and rents are high.
She said the civil plans are completed and TSG Realty hopes to start civil site work in the next few weeks.
“We think this is an ideal upscale retail, medical or office location,” she said.
Howard said marketing has not begun. Director of Real Estate Ray Adams at Brown Brothers Realty will have the listing.
The city calculated a mobility fee of $17,478 for the project, on 0.76 acres.
TSG, through Blanding Orange Park LLC, bought the site in January for $560,000. Plans show an almost 2,000-square-store on-site will be removed.
The project will comprise 4,500 square feet of retail space on the first floor and 4,500 square feet for offices on the second.