Southgate Plaza is coming down.
The city is reviewing a permit for Jacksonville-based Lockwood Quality Demolition to demolish the 65-year-old center at 3428 Beach Blvd. at a cost of $500,000.
The permit application says the center is 149,042 square feet.
The center will be razed and the St. Nicholas area site redeveloped into 294 apartments.
Jacksonville-based Demetree Brothers Inc. sold the property March 2 through Southgate Shopping Center LLC to developer Chance Partners LLC for $4.9 million.
Southgate manager and President J.C. Demetree Jr. signed the deed, selling the property to Chance Beach Owner LLC, part of Chance Partners.
The shopping center was built in 1957.
The city issued a mobility fee calculation certificate Dec. 16 for the Southgate Plaza apartments on 9.96 acres. The city calculated no fee was needed for the property.
Kimley-Horn and Associates Inc. is the civil engineer.
Chance Partners developed several nearby multifamily communities including The Exchange, Barlow and San Marco Promenade along Philips Highway.
A site plan shows three four-story buildings with a pool and courtyard in the center of one.
A spokesperson for Chance Partners said in October the developer expects to break ground in June 2022 on the 18-month project.
The site is in the St. Nicholas area and not far from San Marco and the Downtown Southbank.