San Marco Promenade apartments under development

San Marco Promenade apartments under development
Rendering of proposed four-story apartment complex on Philips Highway

Nearly a year after receiving approval from the City of Jacksonville’s Planning Commission to swap locations of two phases of a $33.35 million project for a residential community east of San Marco’s Alexandria Oaks Park, Chance Partners LLC is starting to move dirt.

The new apartment complex at 2600 Philips Highway, a property originally rezoned in 2008 by developer Steven Cissel, is called San Marco Promenade. Phase 1 will include 284 apartments in three four-story buildings.

The complex will include 187 one-bedroom units at 770 square feet, 77 two-bedroom units at 1,200 square feet and 20 three-bedroom units at 1,400 square feet, with rents ranging from $1,150 to $2,100 per month, as well as 421 parking spaces. Entrances to the property will be on Philips Highway, Service Street and Mitchell Place.

Construction began in May on the northern end of the 17.3-acre property, which for years was a Jerry Hamm Chevrolet dealership, and is expected to be completed in fall 2019. A second residential phase is planned to the south, along with retail/office space.

In 2008 the former dealership’s property was rezoned as a planned unit development for 900 apartments and 350,000 square feet of commercial space to be called Jackson Square, then the financing for the project fell through during the recession.

Chance Partners LLC bought the property in spring 2017 for $4.75 million, then submitted a minor modification to the Planning Commission to swap the construction phases and to remove proposed ground floor commercial use from Phase 1 so that it might be strictly residential. The commission approved the modification in June 2017. After Hurricane Irma swept through in September 2017, the property was used as a temporary dump site for tree debris.

The complex will offer residents a clubhouse, fitness and business centers, a pool, outdoor kitchen, with firepit and seating, three courtyards, and gated entrances from Philips Highway and Mitchell Place.

The construction is being managed by Jacksonville-based Live Oak Contracting, and the design was done by Humphreys & Partners Architects, a Dallas-based company. Pegasus Residential will handle leasing as the property manager.

By Kate A. Hallock
Resident Community News

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