Trevato Enhancement Team anticipates redeveloping the Jacksonville Beach front Journey Landing property into an 427-unit, complete-services, current market-fee, apartment project.
The Jacksonville Seashore expenditure group presented strategies for the task June 28 to a Jacksonville Beach City Council workshop.
The project is an estimated $80 million, attorney Steve Diebenow of Driver, McAfee, Hawthorne & Diebenow claimed soon after the conference.
Identified as Seaside Boulevard Multifamily, the designs exhibit four a few-story structures with 8,000 sq. feet of leasing, club and conditioning house.
The units will ordinary 850 sq. feet of heated area.
Parking options phone for 854 spaces comprising a 4-level, 400-place parking garage and 454 surface area parking areas.
“The objective is to have something that is refreshing and present day,” Diebenow said.
The 53.8-acre web-site includes the 22.2-acre residence the place Adventure Landing has operated for 26 years at 1944 Beach Blvd. The park has been instructed to shut by Oct. 31 in a U.S. Personal bankruptcy Court docket filing.
The housing will be clustered between about 15 acres along Seashore Boulevard, which preserves assets powering it, maintaining the challenge out of the Coastal Substantial Hazard Region.
Ideas display the four multifamily structures as a 177-device and a 90-framework, just about every with an amenity courtyard a 78-device developing and an 82-unit creating with the floor-flooring leasing, club and conditioning centre on the ground floor and an out of doors pool.
The parking garage is powering all those properties.
There are two ponds and conservation easements that overall almost 38.9 acres.
Dynamik Structure is the architect, England-Thims & Miller Inc. is the civil engineer and the Driver, McAfee, Hawthorne & Diebenow agency is the legal agent.
Options present the home will want to be rezoned as a new Planned Unit Improvement. Existing zoning is group industrial, household substantial density, residential very low density, recreational/open up place and wetlands.
Trevato Progress Group, managed by investor Len Allen, acquired the residence Feb. 24 by way of JB Good Park MF LLC.
Condition corporate information clearly show that Trevato is dependent in Jacksonville with a mailing tackle in Jacksonville Seaside.
Trevato’s internet site states it is a privately held genuine estate financial commitment and improvement enterprise, with a target to “produce superior top quality initiatives, importing characteristics from effective comparables in much larger up-and-coming Cities.”
Assignments include things like: “A class A multi-family members shorelines space website redevelopment/repurpose developed to entice tenants with the greatest disposable incomes sector wide.”
Allen signed as the landlord of the Seashore Boulevard residence on the lease arrangement with Experience Landing, which was provided in a submitting with the U.S. Bankruptcy Court for the Center District of Florida.
The operator of the Journey Landing amusement parks, NRP Lease Holdings LLC, filed for Chapter 11 reorganization in December 2019.
NRP operated 13 parks in Florida, North Carolina, New York, Kansas, Ohio, Texas and Missouri. The Westside park shut June 27, though the other people are open.
Experience Landing leases the attributes for its parks but does not individual them.
Orlando-based mostly National Retail Qualities Inc. owned the qualities for the parks, but it marketed the Jacksonville Seashore house to JB Honest Park MF LLC and it marketed the Westside park home for use as a parking large amount by a nearby Amazon.com delivery station.
JB Honest achieved a new lease agreement for the Jacksonville Seaside park with Journey Landing but the lease gave the property owner the correct to terminate the lease with 60 times notice.
U.S. Individual bankruptcy Choose Jerry Funk accepted an agreement two months ago that permits Adventure Landing to keep on running the Jacksonville Beach front web page until finally Oct. 31 and eliminate individual assets from the website by Feb. 28, 2022.
The Jacksonville Beach park was the very first Adventure Landing to open up, in 1995. The Blanding park in West Jacksonville has been open up due to the fact at the very least 1997.
“Adventure Landing, for its part, desires to operate the Seashore Boulevard Assets for as very long as feasible to make revenues and accumulate the cash required to take away the waterslides, roller coasters, batting cages and other movable features from the premises for subsequent relocation or sale,” the court docket filing stated.
Hank and Susan Woodburn very own NRP, according to personal bankruptcy courtroom filings.
Hank Woodburn mentioned June 22 the Jacksonville Seashore park will “probably (shut), but we’re not positive but.”
He stated he is seeking at solutions to transfer the park to one more place.
Woodburn mentioned he expects to proceed functioning the remaining parks.
“Everyone has a good offer of nostalgia about Journey Landing,” Diebenow said.