A Valdosta, Georgia-based developer intends to buy and demolish the George Doro Fixture Co. property next to Intuition Ale Works in the Sports Complex for redevelopment as apartments, retail space and a rooftop bar.
WJCT News partner the Jacksonville Daily Record reports Iconic Real Estate Investments President Paul Grainger signed a purchase-and-sale agreement in June to sell the 1.77-acre site at 102 A. Philip Randolph Blvd. to Rise Properties LLC, part of Rise Development.
The block is bounded by Adams, Lafayette and Forsyth streets and A. Philip Randolph Boulevard.
Matthew Marshall, vice president of development at RISE: A Real Estate Company, said Dec. 13 the development would comprise:
• A five-story, 247-unit apartment project with retail space over a podium level that includes a parking garage.
• The first floor will include 5,000 square feet of retail space on the first floor and the rooftop will include a 3,300-square-foot indoor-outdoor bar and lounge as well as a pool and recreation area.
• Amenity space will include a fitness center, lounge areas, a center courtyard and what Rise calls “a unique indoor/outdoor space” along A. Philip Randolph Boulevard for residents to gather for game-day and entertainment events.
An expanded version of this story is at JaxDailyRecord.com.
