Big-boxes, small shops and a hotel are envisioned for The Strand, the shopping center under design by Preferred Growth Properties near St. Johns Town Center.
None of the tenants or buyers is identified on a master site plan filed last week.
However, the largest anchor stores are 55,000 and 45,000 square feet. Hobby Lobby, which previously confirmed it will lease there, likely is the largest anchor.
The Strand will create more than 225,000 square feet of retail and restaurant space among several buildings and outparcels along Town Center Parkway, across from The Markets at Town Center.
Some of the property borders Lake Meadowbrook and includes a park.
The plan shows a separate lakefront hotel as well as a future development at a site where Stanmore Partners previously said it wants to develop the 347-unit Ravella at Town Center Apartment Homes.
Plans indicate Preferred Growth Properties, the real estate subsidiary of Books-A-Million Inc., will develop the bulk of the project.
However, there also are six pads, totaling build-out of almost 50,400 square feet, for development by others.
The Strand master site plan shows:
• A 55,000-square-foot anchor, likely Hobby Lobby, flanked by a 19,750-square-foot junior anchor and 13,880 square feet of small shops.
• A 45,000-square-foot anchor with a 25,000-square-foot junior anchor, a 6,402-square-foot space and another 6,402 square feet of small shops.
• A building for 11,200 square feet of shops.
• Three smaller buildings: a 6,000-square-foot lakefront building; a 7,888-square-foot building at an entrance along Town Center Parkway; and a 2,774-square-foot structure at the northern end of the property. All of those appear to be restaurants, based on location and configuration.
The almost 50,400 square feet of future space to be developed by others consists of:
• Four single-tenant structures of 3,558 to 8,549 square feet. The largest includes a patio and valet, indicating it is a restaurant.
• A two-tenant building of 10,500 square feet.
• An almost 12,700-square-foot building for multiple tenants.
Preferred Growth Properties, through PGP Jacksonville TC LLC, bought the property March 25. It paid almost $47 million and took out mortgages for almost $94 million.
It bought 45 acres that can be developed and another 16.33 acres of lake and other undevelopable property.
The property is designed for development in two pieces: The Strand, which is the largest, and The Crossing.
The land’s permitted uses are up to 500,000 square feet of enclosed retail and commercial space, 100,000 square feet of office space, up to 400 hotel rooms and up to 500 multifamily residential units.
Preferred Growth Properties, based in Birmingham, has not responded to phone calls or emails about the project.
Cantrell & Morgan Inc., the Jacksonville company representing the project, has not returned recent calls.
Cantrell & Morgan CEO Chris Morgan said previously “multiple, unique and exciting offerings” are in store.
The Strand is at the northeast corner of Gate and Town Center parkways.
The site plan does not include The Crossing, the smaller piece of land PPG acquired that is west of Gate Parkway.
The Strand is immediately south of Town Center Promenade, which will include apartments, a hotel, restaurants and retailers, including an Aldi Food Store. Land there is being cleared.
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