FRIDAY March 22, 2019
Public legal notices begin on page 4
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Daily Record JACKSONVILLE
THE MATHIS REPORT
Landing could be torn down in 4 months
Daily Record ‘WE HAVE CREATIVE IDEAS’ Murphy Land and Retail Services is the new leasing agent for Regency Square Mall and posted signs Wednesday at the Arlington shopping center. Photo by Karen Brune Mathis
JACKSONVILLE
City Council is expected to approve a buyout deal for the riverfront shopping center Tuesday.
Daily Record Daily Record
KAREN BRUNE MATHIS EDITOR
Jacksonville real estate company Murphy Land and Retail Services signs deal to find tenants for the struggling Regency Square Mall.
JACKSONVILLE
BY DAVID CAWTON ASSOCIATE EDITOR
York with mall owners Mason Asset Management and Namdar Realty Group LLC. Murphy Land and Retail has a nine-month agreement to recruit tenants. Demir said the lease can be extended and the west wing could be added to it when that litigation is resolved. The east wing is 58 percent vacant, according to the mall. Along with local tenants, several national retailers remain, including Bath & Body Works. Victoria’s Secret recently closed and national retailers Champs and Foot Locker are building-out space in a shopping center across the
Pending City Council approval Tuesday, The Jacksonville Landing could be demolished by September. D ow n tow n I n ve s t m e n t Authority interim CEO Brian Hughes said Wednesday that the 32-year-old riverfront marketplace could be razed in four to six months. “That’s plenty of time for the a d m i n i s t ra tion, council, DIA and community s ta ke h o l d e rs to really have a discussion about what to do next,” said Hughes Hughes, chief of staff for Mayor Lenny Curry. Hughes said Curry still would like to see something like the idea floated by the administration last year that included green space and mixed uses at the 2 Independent Drive W. property. “It’s something the mayor is still interested in pursuing,” he said. “A mix of public space and economic development.” Council is expected to approve legislation Tuesday for a $15 million city buyout of Jacksonville Landing Investments LLC’s longterm lease on the property. That ordinance includes $1.5 million for terminating tenant leases, relocation costs and other expenses and $1.5 million to demolish and clear the site.
SEE MATHIS, PAGE 2
SEE LANDING, PAGE 2
JACKSONVILLE
With Regency Square Mall in litigation and losing tenants, a Jacksonville real estate company has signed an exclusive leasing agreement to help fill space at the Arlington shopping center. “It’s still very, very good real estate,” said Clint Murphy, president of Murphy Land and Retail Services Inc. The regional enclosed mall, built in 1967, is at 9501 Arlington Expressway, where Atlantic Boulevard picks up and heads straight to the Beaches. “Regency Square Now Leasing” signs went up Wednesday along the eastern edge of the property. The agreement went into effect last week. “We have creative ideas. It will take a new direction to make it work,” Murphy said. Murphy and Matt Demir, director of real estate investments, represent 300,000 square feet of space in the mall’s east wing, which remains anchored by J.C. Penney Co. but has lost tenants. The west wing is vacant and the subject of litigation. Three department store spaces are independently owned, with just one – the Dillard’s Clearance Center – open, so those spaces are not included in the leasing agreement. Murphy said he met in December in New
Special to the Daily Record
Murphy Land and Retail Services Inc. Director of Real Estate Investments Matt Demir and President Clint Murphy.
Weaver provides heart pavilion gift Delores Barr Weaver provided the lead gift for the $55 million heart and vascular pavilion under construction at St. Vincent’s Medical Center Riverside. The amount of the gift was not disclosed. The Delores Barr Weaver Heart and Vascular Pavilion is scheduled for completion this winter. The pavilion includes two nursing units for patients who undergo open-heart surgeries and other cardiovascular procedures. St. Vincent’s is part of the Ascension health system.
VOLUME 106, NO. 89 • ONE SECTION