Reddi-Arts San Marco Property Sells For $2M; Mixed-Use Project Planned
Chase Properties Inc., which had been planning to redevelop the Reddi-Arts property as Southbank Crossing, sold the almost 1-acre San Marco property for $2 million, according to a deed recorded April 8 with the Duval County Clerk of Courts.
Kings Ave Properties LLC, managed by Dav-Lin Interior Contractors Inc. President Allen Stevens, purchased the property at 1037 Hendricks Avenue, according to WJCT News partner the Jacksonville Daily Record.
Stevens said April 9 he intends to redevelop the property into a 14,000-square-foot mixed-use development. About 8,000 square feet will be used as office space for Dav-Lin and the other 6,000 square feet will be leased.
Parts of the property will be demolished, he said. Read the rest of this story at JaxDailyRecord.com.