East San Marco slated to break ground in April
It’s been a long time a coming, but progress may soon be in the works on the long awaited East San Marco development at the corner of Hendricks Avenue and Atlantic Boulevard.
Construction is expected to start by April 1, with “expected delivery on residential units” slated for early 2019, said Eric Davidson, a spokesperson for Regency Centers, which currently owns the 4.33-acre parcel, and a partner in the project. East San Marco is expected to be completed by July 2019, he said.
There are no specifics known yet as to which retailers will inhabit the ground-floor shops in the development other than Publix, Davidson said. “That will depend on their individual buildouts,” he said.
ArchCo Residential LLC, the primary developer of the project, was granted $48 million in building permits in late December 2016. ArchCo Residential is co-developing the project with Whitehall Realty Partners of San Marco, which is the boots-on-the-ground partner overseeing the construction.
ArchCo Residential and Bluerock Residential Growth REIT, Inc. intend to purchase the land from Regency Centers, then sell back the retail space to Regency once the project is complete, said Davidson.
The project will comprise 239 residential units, 46,000 square feet of retail space, including a 33,000 square-foot Publix, and a six-story parking garage, Davidson said.
With construction beginning in April, there will be “significant” traffic congestion throughout the building phase, said City Council President Lori Boyer during a meeting of the San Marco Merchants Association Jan. 18.
“It’s something everybody is going to have to be patient with,” Boyer said. “They have an obligation to maintain traffic during that period and will need to be getting their maintenance of traffic plan approved.”
Boyer said there will be an announcement of the specifics of the traffic plan in the weeks ahead.
By Marcia Hodgson
Resident Community News
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