221 Surfside Holdings LLC announced Monday it plans to redevelop a 25,000-square-foot oceanfront property at 221 N. First St. in Jacksonville Beach into a boutique hotel, restaurant, retail and office space.
WJCT News partner the Jacksonville Daily Record reports the project is planned for completion in 2020.
Records show that 221 Surfside Holdings LLC purchased the property in December for $3.4 million from MKD Realty Capital LLC. The 221 Surfside Holdings group said it is held by the owners of Sky Enterprises LLC, a Neptune Beach-based investment company.
MKD Realty Capital issued an almost $2.65 million mortgage to 221 Surfside Holdings.
“This property has so much history and in an effort to revitalize Jacksonville Beach, we are committed to its redevelopment,” said Sky Enterprises CEO Jean Bakkes in a news release. “We share in the privilege and responsibility to invest in the area we live.”
The property, north of the Seawalk Pavilion, is along what was once the Jacksonville Beach boardwalk of the early 1900s. It formerly was the Perkins Hotel and Bathhouse and Bukkets Grill & Bar.
An expanded version of this story that includes additional renderings is at JaxDailyRecord.