MONDAY August 31, 2020
PUBLIC LEGAL NOTICES BEGIN ON PAGE 3
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Daily Record JACKSONVILLE
THE MATHIS REPORT
Sleiman adding seven retail stores to Atlantic North
Daily Record JACKSONVILLE
218 W. Church St. is latest JWB Real Estate acquisition
The developer plans to add 100,705 square feet of shops to fill-in space at shopping center.
Daily Record Daily Record JACKSONVILLE
BY KAREN BRUNE MATHIS EDITOR
KAREN BRUNE MATHIS EDITOR
The Jacksonville investment group now owns three buildings on the Downtown block across from City Hall.
JWB Real Estate Capital added another property Downtown to its portfolio Aug. 26 by acquiring the 218 W. Church St. building for $675,000. The five-story, 26,500-square-foot vacant office building was developed in 1924 and is landmarked as historic. JWB bought it from investor Atrium Properties 1 LLC. “We are Sifakis planning on doing a mixeduse project with commercial on the first floor and 24 residential rental units on floors two to five,” said JWB Real Estate Capital President Alex Sifakis on Aug. 28. He said the apartments will average about 600 square feet and comprise one-bedroom and studio units. Sifakis said the investment is undetermined. “We are working through our plans on the project right now,” SEE MATHIS, PAGE 2
The Jacksonville investment group now JACKSONVILLE owns three buildings on the Downton block across from City Hall.
Photo by Karen Brune Mathis
JWB Real Estate Capital paid $675,000 for the 218 W. Church St. building, which is adjacent to the Federal Reserve Bank Building that JWB also owns.
Sleiman Enterprises is detailing plans to fill-in the Atlantic North shopping center by more than 100,000 square feet of retail space. Jacksonville-based Sleiman submitted plans to the St. Johns River Water Management District to add seven retail units in the main strip at the 11901 Atlantic Blvd. shopping center. Plans show two retail units between Belk and the closed Earth Fare store, which is adjacent to Academy Sports + Outdoors. There are five new shops between Academy and LA Fitness. Sleiman previously filed plans for the infill space, but at a lower square footage. Plans for the space have been surfacing since June. The addition boosts the size of the strip center to 333,333 square feet of retail space. No tenants were identified. President Toney Sleiman said previously that he is working with Best Buy, but did not confirm it would be in Atlantic North. Sleiman Enterprises Chief Operating Officer Michael McNaughton said by email Aug. 25 that the permits now cover earthwork and he hopes to have announcements soon. Atlantic North, at northwest Kernan and Atlantic boulevards, also has outparcels and more expansion in progress. Developed outparcels include 7-Eleven, MedExpress Urgent Care, Panda Express and two multitenant buildings that include Venetian Nail Spa, Great Clips, Verizon Wireless and Fancy Sushi, which is being built-out. Another Broken Egg Cafe is SEE ATLANTIC NORTH, PAGE 2
Permit for bank drive-thru demolition in review The city is reviewing a permit application for Lockwood Quality Demolition to demolish a former Bank of America drive-thru and building at 50 W. State St. Cantrell & Morgan is listing the 1.08acre property – between Union and State streets east of Laura Street – for a ground lease or build-to-suit project. It said the owner wants to clear the site to help with marketability. Bank of America sold the site in October 2017 to 50 West Union LLC. The manager is based in Oregon.
VOLUME 107, NO. 202 • ONE SECTION