Daily Record Financial News &
Wednesday, January 24, 2018
Vol. 105, No. 048 • One Section
35¢ www.jaxdailyrecord.com
Plan to build residential tower on Southbank lands in court Owner of Eight Forty One building asks the circuit court to review neighboring project by Ventures Development.
By David Cawton Staff Writer The fight over a new Downtown Southbank residential tower has landed in the 4th Judicial Circuit Court. GV-IP Owner LLC, which owns 841 Prudential Drive, has asked Judge Waddell Wallace III to issue a writ of certiorari requesting the City of Jacksonville to defend the Downtown Development
Review Board’s decision to allow a 13-story residential tower to be built on 2.9 acres along Prudential Drive between GV-IP’s property and the Acosta Bridge. In December, the DDRB upheld a decision it made last summer to allow Ventures Development Group to move forward with the project after several failed appeals to block it. Court
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Ventures Development wants to build a 13-story residential tower next door to the former Aetna Building on the Southbank. The Aetna Building is now called Eight Forty One.
A makeover for Westside Plaza
Demolition work to begin on shopping center along Ramona Boulevard near Lane Avenue that once held Home Depot, then a flea market.
An almost 50-year-old Westside shopping center is the latest aging retail plaza slated for redevelopment. The city granted a Mobility Fee Cal-
culation Certificate to property owner Westside Plaza of Jacksonville LLC on Monday to demolish and redevelop much of the shopping center off Interstate 10 and Lane Avenue. Westside Plaza’s manager is Grace & Co. Inc., whose president is Anne G. Lee. Westside Plaza, on 12.66 acres at 5800 Ramona Blvd., is anchored by Office Depot. The property formerly
included Home Depot and a Piccadilly cafeteria. Mobility documents show owners propose to demolish 126,660 square feet of the center that was constructed in 1970 and redevelop it with shopping center uses. About 36,000 square feet will remain for Office Depot. The application states that Westside Plaza will redevelop the demolished
area with 126,600 square feet of shopping center use, the same amount of space as that demolished. Because of that, no mobility fee was assessed. The fee is designed to mitigate traffic impact from a development. Demolition work already has been permitted. Mathis
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Apartments proposed for Butler-Kernan intersection Skinner family secures approval to transfer car trip capacity to The Bainbridge Companies for Bainbridge Kernan West. The closing is planned for October. Public
By Andrew Warfield Associate Editor More apartments are proposed for Butler Boulevard near St. Johns Town Center on land owned by the Skinner family, which has received city approval of a Conditional Capacity Availability Statement.
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That document authorizes the Skinners to transfer 164 p.m. peak vehicle trips allocated to the Skinner/Kernan Interchange Lands Development Agreement as part of an eventual sale of 17.3 acres on the northwest quadrant of Butler Boulevard and Kernan Boulevard to Bainbridge Communities Acquisitions III, a sub-
sidiary of Wellington-based The Bainbridge Companies. Bainbridge proposes 276 apartments across Kernan from The Retreat at St. Johns apartments and a planned Kernan East Adult Living community. All are part of the Skinner/Kernan agreement. The CCAS application indicates the site originally was planned for
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a 300-room hotel. The parcel is just south of University of North Florida. The capacity statement will expire Jan. 19, 2019, unless it is granted an extension or an application is made for a Concurrency Reservation Certificate. A preliminary site plan shows Apartments
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consecutive business days