Developer Mike Balanky said he hopes to break ground by mid-2020 on Kings Avenue Station, a building he proposes in the Downtown Southbank area that could range from six to 40 stories.
“We are confident we will build office or mixed-use residential and we hope to have a decision this year,” said Balanky, president and CEO of Jacksonville-based Chase Properties told WJCT News partner the Jacksonville Daily Recordon Friday.
“We think it’s a great time,” he said. “We are exploring all opportunities.”
The site is at 1201 Kings Ave., next to the 1,650-space Kings Avenue parking garage and the Hilton Garden Inn and Homewood Suites hotels.
It also is near to the Jacksonville Transportation Authority Skyway and bus rapid transit service.
“We think it’s an ideal site,” Balanky said.
“The exposure is phenomenal. We’d like to do something iconic for the city.”
The Cushman & Wakefield real estate firm announced Thursday that Senior Director Traci Jenks was chosen as the exclusive leasing agent for Kings Avenue Station.
Cushman & Wakefield said the structure could be as large as 1 million square feet of space, pending an anchor tenant. The tower would not be built speculatively.
A longer version of this story that includes some of the proposed tower's size options is at JaxDailyRecord.com.
