Chase Properties Inc., which had been planning to redevelop the Reddi-Arts property as Southbank Crossing, sold the almost 1-acre San Marco property for $2 million, according to a deed recorded April 8 with the Duval County Clerk of Courts.
Kings Ave Properties LLC, managed by Dav-Lin Interior Contractors Inc. President Allen Stevens, purchased the property at 1037 Hendricks Ave.
Stevens said April 9 he intends to redevelop the property into a 14,000-square-foot mixed-use development. About 8,000 square feet will be used as office space for Dav-Lin and the other 6,000 square feet will be leased.
Parts of the property will be demolished, he said.
“It’s going to be more of an adaptive reuse project where I’m going to try to retain some of the feel (of the property),” he said.