Private Office Space for Rent Near Multimillion Dollar Retail Projects

Private Office Space for Rent at The Downtown Duval Building

Our Downtown Duval Building has private office space available for rent right now! All available spaces are located on the second floor and vary in size and price. We offer walkthroughs at various times throughout the week. Our walkthrough times are flexible to ensure everyone gets a chance to see the space available!

Currently, our lowest rate available is $600/month for 134 sqft private office. Our last suite available for rent is located on the second floor. It’s priced at $2,000/month and is 600 sqft which consists of two private offices and a private common area. Along with these two spaces mentioned, we also have seven other private offices available.

All tenants have access to:

  • private balcony
  • pool table common area
  • community kitchen
  • private bathrooms
  • use of the conference room

Also, included in the rent price are utilities, fiber internet, and security. To top it off, these offices are located in the heart of Downtown Jacksonville near all the new and existing attractions. For example, Ford on Bay, building/expanding the Marina, new restaurants, and now new retail projects!

For more details and information on our available office space check out our “private office” tab on our website!

Multimillion Dollar Retail Projects Coming to Downtown Jax

While there are already many attractions to downtown Jacksonville, DIA (Downtown Investment Authority) is looking to implement more retail locations. The program plans to hand out $3 million or more to help support the incoming retailers. The hope is to make downtown more walkable and enticing to the community. Furthermore, the area of focus in the urban core is the Elbow and the Laura/Hogan corridor. Which, as you can see from the image above, surrounds our building!

The DIA wants to award fourteen grants in the first year of the program. Applications open April 1st (if all goes as planned). Recipients will be chosen based off their presented business plans, location to other retailers and contribution to retail diversity in the area.

To conclude, we hope the urban core can expect new restaurants, shops and other retail businesses to come to the area within the next year or two. To read more about it, check out the full article in the Jacksonville Business Journal.

 

Meet Our New Neighbor, Ford on Bay

Downtown Duval Building Will Be Right Across from New Ford on Bay

In about two years, not only will we have the Hyatt, Florida Theatre, and numerous restaurants as our neighbors, but also the Ford on Bay! If you haven’t heard yet, it’s the latest multimillion dollar project happening in Downtown Jacksonville. The greatest part is, it’s being built less than 50 feet from us. We will get to see it be built first hand and be some of the first people to enjoy its’ amenities.

We are only a few seconds from the latest and greatest thing happening in Jacksonville. Come watch the magic happen while you still can! Call us at 904.479.6202 to schedule a walkthrough. In the meantime, here is a little information about the “Ford on Bay”.

The Top Bidders for Ford on Bay

Spandrel:

First to present for the Ford on Bay project was Spandrel. Spandrel presented a mixed-use project they would like to build. It included two buildings on the available 8.4 acres that totaled 594,000 sqft.

A grocer and other amenities were to fill the space, but it seems a grocer would not be a viable option for space anytime soon (Read more in the Jacksonville Business Journal article). In addition, Spandrel plans to wrap residential, retail and office space around an internal parking garage. There was even mention of a rooftop pool overlooking the riverfront restaurant. This would create what Spandrel referred to as the eastern building.

On the opposite side, the western building would be primarily residential space. Having two buildings led to the creation of the pedestrian bridge linking them to each other. A big seller on their project plan was that the company proposed a generous amount of public space to integrate other big, potential city developments.

In the end, Spandrel was only asking for two parcels, not all three, saving the third space for the Hyatt to potentially buy.

The Related Group (TRG):

Later in the day, TRG presented a mixed-use project as well. Similarly, they presented a plan with residential space, a parking garage, riverfront pool, and retail space (including plazas). But, their plan differed in a few ways, one being the potential plans for a marina although nothing was designed or presented at the time.

TRG planned to host events in the retail plazas and include “high-end amenities”. For example, wine lockers, massage rooms and cigar lounges. A grocer was important to the community, but TRG said they had no plans for one, but were open to the idea. Although, a grocer, as discussed above, is not a viable option at this time.

In the end, TRG’s final project included all three parcels available leaving no space for the Hyatt to execute their right of buying the parcel to the north of their location.

For more details on each project pitched, check out JBJ’s article.

The Unanimous Favor

After presentations, the three scorers unanimously favored Spandrel’s project over TRG. Spandrel’s beat TRG in the following features/categories:

  • Multifamily Units (519 to 350)
  • Retail Space (74,000 sqft to 10,000 sqft)
  • Development Size (494,605 sqft to 317,100 sqft)
  • Budget ($136 million to $80 million)
  • Potential Profit per Sqft. ($66 to $46)

[Statistics from Jacksonville Business Journal, Feb 6]

Each project was scored based on a scoresheet highlighting important features. Overall, Spandrel averaged 86.67 points between the three judges, while TRG averaged 69.33. It also didn’t help that TRG had three lawsuits against them since 2017 while Spandrel had none.

Decisions on who the winner is will be discussed today on Feb. 21st in a DIA board meeting. We can’t wait to see who the DIA chooses!