Big projects in pipeline: Saxum, IKO manufacturing and Eagle LNG

Development is in the works all over Northeast Florida. Here is an update on three of the biggest the Daily Record is following around the region.


  • By Monty Zickuhr
  • | 12:00 a.m. December 18, 2023
  • | 4 Free Articles Remaining!
The Saxum Real Estate site in North Jacksonville.
The Saxum Real Estate site in North Jacksonville.
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DUVAL COUNTY

Saxum Real Estate industrial park

An almost 3.8 million-square-foot industrial park is advancing on 816 acres in North Jacksonville.

The site is about 4 miles west of the Pecan Park Road exit on Interstate 95 past several new home communities and the Seaton Creek Historic Preserve.

Saxum Real Estate's 816 acres it bought in North Jacksonville.

The city is reviewing civil engineering plans submitted Nov. 2, 2023, for the Arnold Road Industrial Park by Saxum Real Estate, a privately held investment and development firm that also is completing a cold-storage warehouse in North Jacksonville.

The civil engineering plans show 10 buildings that range from 126,080 to 1,061,760 square feet. 

Saxum paid almost $14.5 million on Dec. 9 for two parcels at Arnold Road and Gold Star Parkway it bought from a Ponte Vedra Beach owner.

CLAY COUNTY

IKO manufacturing plant

IKO, a global manufacturer of roofing, waterproofing and insulation products, is building a new manufacturing campus in Clay County.

The company said construction of the $270 million site will include an asphalt shingle production facility in addition to an insulation board plant and a commercial rolled roofing plant.

The project site is east along U.S. 301, at County Road 218 about 10 miles south of Interstate 10.

The site near U.S. 301 and County Road 218 is about 10 miles south of Interstate 10.

Crawford Powell, president of the Clay County Economic Development Corp., said Dec. 7 the site is cleared and final grading has begun.

“They will be laying underground infrastructure pretty soon as well as piling for the initial facility construction. It’s a lot of work and time, and they are moving as quickly as possible,” he said in an email.

He said Dana B. Kenyon Co. is the general contractor for the project.

A video from IKO North America shows inside of its plant in Hagerstown, Maryland.

The 300,000-square-foot facility will initially employ about 100 people.

The first of three production lines is the shingle line, which IKO said will be commissioned and shipping products by mid-2025.

Roofing products manufacturer IKO South Inc. paid $5.26 million in April for Clay County property to develop the plant.

It will be the eighth shingle production line in IKO’s North American manufacturing operations and the first facility it has built in Florida.

DUVAL COUNTY

Eagle LNG export facility

Eagle LNG Partners continues to seek federal regulatory approval for a liquefied natural gas export facility in North Jacksonville.

Pitched in 2019 as a $542 million facility, progress on Eagle LNG’s export facility planned on 200 acres at 1632 Zoo Parkway along the St. Johns River was slowed by the coronavirus pandemic.

The Eagle LNG facility is planned on 200 acres at 1632 Zoo Parkway along the St. Johns River.

President Sean Lalani said in March he hoped for approval and groundbreaking in 2023.

In May 2022, Eagle LNG began preliminary work on landscaping and the relocation of protected tortoise species at the site.  

Eagle LNG’s Jacksonville expansion plan is considered a key component of the company’s strategy to export and sell natural gas in a contract with the island nation of Aruba and expand the company’s market reach in the South Caribbean.

The Jacksonville City Council approved $23 million in incentives for the project in 2019.

More big projects in review

Updates on VA clinic, Mayo Clinic and Ponte Vedra Inn & Club. Story here

Plant Agricultural Systems, Cosentino and two warehouses. Story here

 

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