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$300 Million Exchange At Jacksonville Project No Longer Under Contract

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Via Jacksonville Daily Record
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The proposed Exchange at Jacksonville mixed-use retail project near St. Johns Town Center apparently won’t be developed, at least anytime soon.

Property owner representative A.C. “Chip” Skinner III said Aug. 3 the property is no longer under contract to Atlanta-based developer Jeff Fuqua, according to WJCT News partner the Jacksonville Daily Record.

“As you can imagine, the retail, Fuqua has been delayed indefinitely,” he said. Asked whether Fuqua still had the property under contract, Skinner said: “No, they do not.” He said the contract expired.

Fuqua, who introduced the project in March 2019 at the International Council of Shopping Centers North Florida Idea Exchange in Jacksonville, has not responded to calls, texts or emails seeking comment.

Fuqua expected to buy the land early this year from the Skinner family. The 67-acre site is within the family’s 1,063 acres at southeast Butler Boulevard and Interstate 295.

The location is opposite St. Johns Town Center, which was developed on former Skinner land at northwest Butler and I-295.

Skinner said most of the single-family residential property in the Southeast Quadrant is under contract and is expected to close before year-end.

On March 28, 2019, Fuqua, principal of Fuqua Development, unveiled plans for his proposed $300 million mixed-use project called the Exchange at Jacksonville.

Read the rest of this story at JaxDailyRecord.com.