Southside is gaining two developments – Bay95 and Butler95 – by Property Theater LLC, led by Charles Skinner and Justin Clark.
Bay95, a Southside neighborhood retail center for lease, won city permitting approval Friday for development at 8738 Baymeadows Road E.
Butler95 Business Center, an office-warehouse condo project at 8200 Cypress Plaza Drive, is in construction permitting review.
Skinner said Bay95 is about 55 percent leased, including Salsas Mexican Restaurant, Marco’s Pizza, and a dry cleaner and nail salon.
He said a regional breakfast and coffee shop tenant is in negotiation for 2,000 square feet.
The city approved a permit Friday for C.&R. General Contractors Inc. to build the 14,750-square-foot retail center at a project cost of almost $1.9 million.
Skinner said there are 12 retail spaces at the project starting at 1,200 square feet. Some have been combined for larger tenants.
Bay95 is at northeast Baymeadows Road and Interstate 295.
C.&R. General Contractors landed a permit Sept. 27 to clear almost 2 acres for the project.
Bay95 LLC, a real estate investment company, is led by brothers Russell Skinner and Bryant Skinner Jr.
Brother Charles Skinner is vice president of Property Theater LLC and will develop the multitenant retail center for them.
The site is near Ikea at northwest Gate Parkway and I-295 and other projects along Gate Parkway, including the new Southside Quarter and the Gateway Village at Town Center properties.
Clark said high-end demographics, housing development and traffic patterns heading south toward Florida 9B “make this site even more desirable for retailers.”
Rents start at $30 a square foot, which Clark said are lower than that for comparable space at St. Johns Town Center.
Bay95 fronts R.G. Skinner Parkway to the north along Baymeadows Road East.
Butler95 Business Center, 6 miles northwest, is a 69,900-square-foot, four-building office-warehouse project on 5.3 acres.
The units are for sale and start at 2,400 square feet. Contiguous space runs up to 14,400 square feet.
Clark said 10 of the available 29 units are sold. Each is priced as a shell space. The first units will be completed by February. Pending permits show a shell construction cost of about $1.1 million.
Butler95 is a mile from the Philips Highway and Baymeadows Road intersection.
The city approved site clearing Sept. 27. Charles Skinner said the site work is almost completed.
Skinner said Butler95 is targeted to small warehouse users, distribution, general warehousing and light fabrication.
Clark said Butler95 allows businesses to own their units and “and the relatively low cost of ownership, which is equal to or even lower than the costs of renting.”
He said continuing low interest rates and “scarce available inventory” also are driving demand.
The myplacejax.com project site says prices start at $216,000 for a 2,400-square-foot unit.
Skinner anticipates the first units will be delivered in March or April.
Butler95 LLC comprises The Charles Skinner Co., Clark RE Services and JJML Realty Holdings LLC.
