20171108

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Daily Record Financial News &

Wednesday, November 8, 2017

Vol. 104, No. 255 • One Section

35¢

www.jaxdailyrecord.com

The Kmart at 500 Atlantic Blvd. in Neptune Beach closed in 2016. Photo by David Cawton

Apartments, retail proposed for Neptune Beach Kmart site Plan would bring 313 apartments and 10,000 square feet of retail space in the first phase. By David Cawton Staff Writer A mix of apartments and retail could replace an aging, vacant Neptune Beach strip mall formerly anchored by Kmart. Neptune Beach FL Realty LLC and Jarrold Dwaine Dixon Trust et al., owners of a trio of properties at 436, 500 and 572 Atlantic Blvd., want to replace the existing development with a mixed-use project comprising 313 apartments and 10,000 square feet of retail space. Future expansion could bring the retail space to 98,000 square feet.

The design would reshape the 18.25-acre site, dominated by a large parking lot in front of the 92,693-square-foot former Kmart. According to a master site plan for “Neptune Beach Apartments,” submitted to Neptune Beach in October, the existing buildings would be torn down and eight single- and multistory buildings would be built with a “pedestrian-friendly” layout. Site plans for Phase 1 show four residential buildings, two retail buildings and two smaller structures for carriage-style homes in the existing parking lot space. Retail and residential components would be separated, according to the project description.

Amenities could include a pool, courtyard, park, business lounge, fitness center and a “focal iconic tower.” Subsequent phases could add 4,000 square feet of retail space near Lucky’s Market, 7,000 square feet of retail fronting Atlantic Boulevard, and another 20,000 square feet of commercial space or multifamily housing on the property occupied by the Belmarmi marble showroom, just east of the former Kmart. Neptune Beach Mayor Elaine Brown said Monday she has just begun reviewing the plans. Neptune Beach

Skinner land proposed for office, retail, commercial, residential and assisted living. Both sides of Kernan Boulevard north of Butler Boulevard are slated for development — the west side with mixed-use and the east with an assisted living center. The property is south of the

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Economist: ‘SkyMall’ policy slowed recovery

Kernan and Butler slated for development University of North Florida. At northwest Beach and Kernan boulevards, the 22.17-acre Kernan West Planned United Development could comprise three parcels for development and a park. The owner, the Christopher Forrest Skinner Trust, wants to rezone the property. The application calls for “a pedestrianfriendly mixed-use development, which may include a mix of residential, institutional, office, retail and commercial uses.” A site outline by engineering and planning firm England, Thims & Miller Inc. shows the

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Deregulation, tax cuts will speed growth, predicts Sean Snaith. By Andrew Warfield Associate Editor

Photo by Andrew Warfield

Sean Snaith, director of the Institute for Economic Competitiveness at the University of Central Florida, explained why the U.S. economy has been slow to recover from the Great Recession.

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Call it “SkyMall” policy. That was the analogy used by Sean Snaith, director of the Institute for Economic Competitiveness at the University of Central Florida, to describe the struggles the U.S. economy has endured since the beginning of the Great Recession and its sluggish, nine-year recovery. Snaith spoke Tuesday at a luncheon meeting of the Jacksonville chapter of Commercial Real Snaith

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