FRIDAY September 18, 2020
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Daily Record JACKSONVILLE
DEVELOPMENT
Preston Hollow plans to close on bonds for The District
PublixDaily a step closer toRecord opening neighboring store in Neptune Beach JACKSONVILLE
BY MIKE MENDENHALL STAFF WRITER
Dallas-based Preston Hollow Capital LLC intends to close on bonds to partially fund construction at The District by the end of 2020, according to Downtown Investment Authority CEO Lori Boyer. The investment firm, which assumed control of the proposed $600 million, mixed-use project on the Downtown Southbank on Sept. 4, traveled to Jacksonville last week and met with DIA officials, Boyer said during a Sept. 16 board meeting. Preston Hollow will not meet an Oct. 1 deadline set by Boyer and city attorneys for The District’s former lead developer to close on the revenue bonds, which are benchmarks in a development agreement for the project with the city and the DIA. “No, they’re not going to close by the end of the month but they are going to close by the end of the year,” Boyer said. “We have a lot of meetings set up and a lot of steps we’re doing to get the closing documents ready. They flew into town last week to meet with us on it and go through the checklist of who has to do what.” Michael Munz, co-lead of Elements Development of Jacksonville LLC, which led the proposed development from 2014 to early this month, said Sept. 4 that Preston Hollow was assuming the rights and responsibilities of The District and the redevelopment agreement. Preston Hollow facilitated an $18.59 million payment to Elements in July 2018 to secure the 30-acre site next to the Duval County School Board building from previous owner JEA. The District is a residential, retail, hotel and office space development planned on the former site of JEA’s Southside Generating Station.
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A FAMILIAR-LOOKING NEIGHBOR
The grocery chain says the new store “will be a traditional Publix location” with outdoor seating and beer and wine service similar to GreenWise Market.
Publix is seeking approval for a new store at 580 Atlantic Blvd. in Neptune Beach in the space that previously was a Lucky’s Market. Plans for the project include parking lot improvements. The new store is less than 500 feet away from the Publix at 630 Atlantic Blvd.
SITE NOW
.BY SCOTT SAILER STAFF WRITER
Publix Super Markets Inc. wants to open another Publix almost next door in the former Lucky’s Market in Neptune Beach. While it is designed with the elements of its natural and organics GreenWise format, the store will be a Publix with some of the new features, including the coffee, beer and wine service for shoppers. “Our Neptune Publix will be a traditional Publix location, with an outdoor seating area, and yes, the POURS venue from our GreenWise Market location,” said Maria Brous, Publix director of communications, in an email Sept. 17. “We are always looking to best serve our customers and communities. When business sustains more than one location in close proximity, we will take that opportunity to alleviate congestion in one location and offer easy access for customer convenience, at either location,” she said. That means almost side-by-side Publixes at 580 Atlantic Blvd., the former Lucky’s Market, and the larger existing store at 630 Atlantic Blvd. Renderings presented to the Neptune Beach ComSEE PUBLIX, PAGE 2
SITE AFTER
THEY’RE THAT CLOSE
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U-Haul buys property for LaVilla self-storage facility U-Haul announced Sept. 16 it will open a retail and self-storage facility in the LaVilla area after buying 1.12 acres at 141 N. Myrtle Ave. and 1285 Houston St. U-Haul Co. of Florida paid $1.3 million Aug. 25. Records show it bought three parcels containing two brick buildings built in 1899 and 1909, totaling 36,719 conditioned square feet, from Richard Thomas McGill. U-Haul Moving & Storage of LaVilla will offer indoor climate-controlled storage, truck and trailer sharing, towing equipment, moving supplies and more. The company said that the first phase of renovations will result in 231 self-storage units for rent.
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