Jacksonville Landing Redevelopment Plan Includes Adding Residential Units
By Balazs Szekely, Associate Editor
Toney Sleiman, president and CEO of Sleiman Enterprises, recently announced plans to add residential units to the Landing. The facility will be renovated.
A consultant is analyzing the property to determine a viable number of units. A parking study was also commissioned, and its results should be available this month, according to the Jax Daily Record.
Built in 1987 by The Rouse Company as a festival marketplace, the 125,000 square foot center was purchased by Sleiman Enterprises, North Florida’s first family to operate in the real estate industry and one of Florida’s largest privately held real estate companies, for $5.1 million in 2003. The $250 million redevelopment plan would have expanded the existing space and added a parking garage, boutique hotel, office building and condominiums. Since then, the Landing functioned as a dining and entertainment destination for the area.
In September, Sleiman stated that the ownership was planning a renovation, but originally, the plan called for only repainting and improving the lighting system, Jacksonville Business Journal reported. After brainstorming with Alex Coley and Mike Balanky, superiors of the groups that developed 220 Riverside and the San Marco Place condominium tower, Coley recently said that adding residential to the Landing would be a viable strategy.
Sleiman said costs have not yet been determined, and that he will request for city incentives. After seeing the plan, Council member Bill Bishop gave assurances that he is pleased with the plan. Urban core advocate Peter Rummell said that the property plays a key role in Downtown revitalization. Chances are, the project may be supported by the city.
Photo: Wikimedia CommonsTags: Alex Coley, Architecture/Design, Brokers, Condo, Co-op, HOA, Developers, Development, economy, Finance/Investment, Financiers, Hospitality, Investors, Jacksonville, Jacksonville Florida, Jacksonville Landing, Jacksonville Lead Story, Latest Headlines, leasing, Local, Maintenance, Managers, Mike Balanky, National, Owners, Policy, Regional, renovation, retail, Sleiman Enterprises, The Rouse Company, Toney Sleiman