Daily Record
Atlanta-based developer Ben Carter is working with New York investment bank Eastdil Secured to learn what his half-ownership of the St. Johns Town Center might be worth.
“We are exploring whether or not institutional capital sees the type of value we see,” Carter said last month. “And if they do, we will consider selling our interest.”
Carter and Indianapolis-based Simon Property Group partnered nine years ago to develop the 1.2 million-square-foot retail and restaurant center at Butler Boulevard and the Interstate 295 East Beltway.
It’s been a top-performing regional mall ever since, Carter said.
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Adecco Group North America will be offered almost $2 million in state and city incentives, or $10,800 a job, to move its corporate headquarters and 185 jobs from Melville, N.Y., to Jacksonville, if the Jacksonville City Council passes legislation filed by the mayor’s office.
The city would be responsible for $407,000 of the incentives and the state would pick up the remaining $1.59 million. In return, Adecco Group would pay a salary and benefits package averaging $85,969 per job and make a capital investment of $3.4 million to renovate space at its Deerwood South office park for the headquarters.
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Earth Fare’s first Jacksonville grocery store landed city approval for an almost $1 million interior build-out. The city already approved the $1.04 million shell structure in December. The North Carolina organic and natural foods grocer is building the 24,000-square-foot store at the Atlantic North shopping center near Kernan and Atlantic boulevards.
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The city is reviewing plans for the Z Loft Apartments on about 37 acres east of Kernan Boulevard between Atlantic and Beach boulevards.
The project consists of 20 apartment buildings, comprising 390 units, in addition to a clubhouse.
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Developer Mitchell Montgomery said he plans to develop Silver Creek Jacksonville, an assisted-living, memory care and independent living center on 16.75 acres near St. Vincent’s Medical Center Southside.
Plans show a four-story, 81-unit assisted living center; a four-story, 128-unit independent living center; and a one-story, 25-unit, 30-bed memory care center. The entire complex would have 235 units and 303 beds.
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Gran Bay Realty Partners LLC, operated by the Rohdie Group of New York, has applied for permits to build the Gran Bay Apartments at South Jacksonville’s Flagler Center — a set of 14 apartment buildings, seven garages and a clubhouse. Construction on the $30 million, 308-unit project should be completed by September 2015, company president Bob Rohdie said. Jacksonville’s rebounding economy led to the decision to build, he has said.