Ponte Vedra firm involved with one Shipyards proposal

JACKSONVILLE, Fla. – One of many proposals to develop the Shipyards, and compete with Shad Khan’s proposal, features a native group as a part of the partnership.

The proposal from the Presidium Group, based mostly in Texas, and Killashee Investments in Ponte Vedra consists of an iconic tower, stretching 1,000 ft above the River Metropolis, an artwork museum, an aquarium, and the united statesAdams are simply a number of the key elements of this proposal.

Mark Farrell, of Killashee Investments, stated the group is happy concerning the potential for the 70-acre website. He stated proper now, it’s an infinite cycle holding downtown from thriving. He stated earlier than you possibly can put in residential models, you want a cause individuals need to be there, so their plan would begin with the points of interest, then add bars, eating places, and retail, and eventually residential and workplace buildings.

“There isn’t a downtown per se. You do not go downtown to entertain. Individuals do not fly in from out of city and keep downtown, they go to the seashores, they go to the city middle space. They only bypass downtown.” Farrell stated. “It is a chance for us to raise ourselves to a prime tier metropolis. And within the massive scheme of issues, the entire improvement value, it isn’t some huge cash to make an unimaginable influence to the town.”


Included within the developmental value and of their proposal to the town is a suggestion of $20 million for the property. That, he hopes, would go towards environmental remediation of the location, with the town overlaying the distinction. The one different funding for his or her improvement from the town and taxpayers can be to increase the Riverwalk and Skyway to the world, enhancements to Bay Road, and utilities delivered to the location. The inclusion of the Seaglass Tower, Farrell stated, would give Jacksonville an internationally recognizable landmark.

“It might be some of the recognizable buildings within the nation. There’s in all probability 10 that each individual is aware of and says ‘I’ve seen that,'” Farrell stated.


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