A former Miami Subs is coming down in Baymeadows so developers can rebuild the site as Baymeadows Corner.
Realco Recycling Co. Inc. will demolish the 3,604-square-foot restaurant structure at a cost of $12,000, according to a permit approved Tuesday.
Developers Paul and Louis Sleiman intend to rebuild the site at 8355 Baymeadows Road as Baymeadows Corner, a 7,600-square-foot retail center comprising three units.
“We think it’s a really strong market,” said Paul Sleiman.
He said the location along Baymeadows Road near Philips Highway is well-positioned.
“It has outstanding visibility and really great access,” he said, explaining the site offered the fundamental qualities of a successful retail location.
The Sleimans, through Baymeadows Retail LLC, paid $812,500 for the property. The deed was recorded Tuesday with the Duval County Clerk of Courts.
Sleiman declined to discuss the projected investment in the project. Approved and pending permits total $614,400.
Permits, plus the purchase price, total more than $1.4 million.
The property is designed for two retail stores of 2,500 and 3,000 square feet and a 2,100-square-foot restaurant.
Sleiman said T-Mobile will lease the 2,500-square-foot end unit. The restaurant is planned on the opposite end. He declined to comment about the additional tenants.
The Malle Co. Inc. is the contractor for the rebuilding. The Sleimans considered keeping part of the existing structure, but Paul Sleiman said that plan changed and they are proceeding with a full demolition.
Site work will begin after the demolition. Construction should be completed in the first quarter, he said.
The Miami Subs building was developed in 1985. The chain operated six area stores but closed them. The Baymeadows site shut down in 2003.
Miami Grill is returning to the market. It opened in Regency in a renovated Zaxby’s and the vice president of franchise development said he is reviewing sites in the Baymeadows, 103rd Street, Beaches and North Main Street areas, as well as hoping to sell within EverBank Field and at Jacksonville International Airport.
A Miami Grill spokeswoman said Wednesday the company has no plans to open a restaurant at the former Miami Subs site in Baymeadows.
Miami Grill prefers to redevelop existing fast-food restaurants with drive-thrus, but is open to new construction. The Regency restaurant is about 3,000 square feet.
Wendy’s will rebuild in the Five Points area of Riverside.
The city approved a permit Tuesday for North Coast Construction Co. to build a 2,433-square-foot Wendy’s at 2006 Park St. at a cost of $650,000.
The city also approved six sign permits for Wendy’s at the site at a cost of $28,433.
A demolition permit is pending for Realco Recycling Co. Inc. to take down the existing 2,114-square-foot store at a cost of $15,000.
Property records show the building was developed in 1974.
Amazon.com continues to make news — this time with city permit approval for a $1.3 million conveyor system at its fulfillment center at AllianceFlorida at Cecil Commerce Center.
The city approved a permit Tuesday for the e-commerce retailer to install the system at 13333 103rd St., where the company opened a 1 million-square-foot center to handle large consumer goods.
The conveyor system is shown as a 100,000-square-foot project. The fulfillment center opened Oct. 1 and its manager said it will employ 1,500 full-time workers.