THURSDAY June 24, 2021
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Daily Record JACKSONVILLE
COMMERCIAL REAL ESTATE ISSUE JACKSONVILLE
Beach property in review
Daily Record AN ADVENTURE ENDS
The Beach Boulevard park is considered a ‘unique’ opportunity.
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BY KATIE GARWOOD STAFF WRITER
property at 4825 Blanding Blvd. was bought for use by Amazon.com. “It will be closing this Sunday,” he said. Plans filed with the city show Amazon intends to use the site for parking for a new delivery station. Separately, a new lease agreement was approved last week in U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, that calls for Adventure Landing to vacate the property at 1944 Beach Blvd. in Jacksonville Beach by Oct. 31. Woodburn said that park will
Since 1995, colorful slides and zipping go-karts have greeted drivers entering Jacksonville Beach along Beach Boulevard. That could change with plans that would likely turn the Adventure Landing park property into a multifamily development, altering the 22-acre property at the Beach Boulevard gateway into Jacksonville Beach. An industry specialist, Luke McCann, senior associate of multifamily investment sales for Jacksonville-based NAI Hallmark, said the property presents “a unique opportunity” for largescale multifamily development. “It is very difficult to find infill multifamily sites in Jacksonville right now, especially in prime submarkets like the Beaches,” he said. “When you look at where the cost of housing has gone out there, you see people will pay a premium to be on that side of the water. New multifamily developments like these will help balance out supply and demand and give more affordable options to its residents.” Trevato Development Group, managed by investor Len Allen, purchased the property Feb. 24 through the JB Fair Park MF LLC. MF indicates multifamily. The Jacksonville Beach City Council is scheduled to receive a public briefing on the project June 28, Mayor Chris Hoffman said June 22. Hoffman said by email that she heard informally the developer plans multifamily construction.
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SEE BEACH, PAGE 10
JACKSONVILLE
Photo from Google Earth
The Adventure Landing park at 4825 Blanding Blvd. is scheduled for closing and conversion into parking for a nearby Amazon.com delivery station.
Adventure Landing will close its Blanding park June 27 and could close at Beach Boulevard in the fall. BY MARK BASCH CONTRIBUTING WRITER
After a bankruptcy filing by its parent company in 2019, the Adventure Landing theme park on Jacksonville’s Westside will close June 27 and its Jacksonville Beach park could close by October. Adventure Landing owner Hank Woodburn said June 22 the Westside
THE BASCH REPORT
Washington Prime pondering malls’ future PS27 registers $20M Rhea Fund. PAGE 6 VOLUME 108, NO. 155 • TWO SECTIONS