Hines announced today that it broke ground on what it has branded Southside Quarter, a 105-acre mixed-use property along Gate Parkway at southwest Interstate 295 and Butler Boulevard.
Southside Quarter will include office, residential, hotel, retail, commercial and other uses.
Hines also released preliminary design and site plans for the first Class A build-to-suit office sites that are available for corporate tenants.
The international real estate firm said office sites in the first phase include up to two 125,000-square-foot buildings with signage opportunities and parking.
Southside Quarter is designed so residents, visitors and employees can walk to their destinations within the development.
Hines said more announcements are pending for the residential and other sites. Some parcels are available for retail, high-density single-family residential, commercial, hotel and additional office uses.
The development is south of St. Johns Town Center. Hines called the location “the epicenter of Jacksonville’s key entertainment, retail, transportation and employment areas.”
The company is working with RTKL Associates, engineering firm, ETM, and the city to develop a master plan.
It set up the southsidequarter.com site to provide more information.
In early February, Hines submitted building plans to the city for a proposed 306-unit apartment community on 11 acres.
The apartments are the first construction at the site. The $44.2 million construction job features six four-story, 51-unit apartment buildings at 7385 Park Village Drive.
It also includes three garage buildings, a garage with a car wash and maintenance building, a dog spa and a clubhouse.
In October, Hines paid $20 million for the site, which the Duval County Property Appraiser’s Office calculated at nearly 69 acres.
It was reported previously that Hines contracted for a little more than 100 acres, of which about 75 acres can be developed, from members of the Skinner family.
Hines, founded in 1957, is privately owned with locations in 192 cities in 20 countries. It has $93.2 billion of assets under management.
It has 105 developments underway. Its current property and asset management portfolio includes 483 properties totaling more than 199 million square feet of space.