Fuqua buys Times-Union site for $25 million: Here s what happens next - Jacksonville Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Fuqua Development officials did not respond to multiple requests for information on the estimated $250 million project and neither did the building s property owner, Morris Communications. Duval County property records show an assessed value of $15.12 million on the site.
Fuqua Development developed the 60,000-square-foot Brooklyn Station retail center across the avenue, anchored by The Fresh Market and multiple restaurants. The company also developed hundreds of multi-family units nearby, part of more than 1,000 apartments built a few blocks away as the JTA works on expanding the use of its Skyway site.
The development would be a boon to the Riverside, Brooklyn and Downtown area after The Times-Union s move to the Wells Fargo building at 1 Independent Drive. Boyer said her agency has been in discussion with Fuqua about the plans after a number of developers looked at prospects for the site.