First tenants at Grandview Yard unveiled - Jacksonville Business Journal:

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Plans filed with the city July 7 show developef Nationwide RealtyInvestors Ltd. wants to build the firsft $40 million worth of projects as it continuesa planning forthe broader, $500 million to $600 million redevelopment on 90 acresd in the suburb’s industrial core. The city’ s planning commission will consider the HyatgPlace hotel, Urban Activew fitness center and a planned Jason’sw Deli in the office building as conditional The preliminary and finaol development plan must go throughb the commission as well as Grandview Heightw City Council.
Dublin-based M&A Architects, the designed of the three-story officee building, plans to occupy at least 20,00 0 square feet on the top floor. The planzs mark the first projects presented to the city for approvalo since Nationwide Realty first began acquiring the former Big BearStorew Co. distribution complex and surrounding properties inMay 2006. In conjunction with the real estate projects, Grandvieaw Heights City Council at its July 6 meeting heard a first readin g of a development agreement between the city and Nationwide The resolution outlines how the city will payfor $78 million in road improvements and utilities insidw Grandview Yard and anothert $41 million in off-sitse public improvements.
Other legislation in supportr of the development agreement is expectedd to be introduced as early as a speciap July 13council meeting. Constructiobn on the three buildings and the first phase of road and utilitty projects could begin as early as late The office, hotel and fitness centee should open in fall 2010, said Nationwide Realtgy President Brian Ellis. “We should be pretty well positioned to get theprojecf going,” he said. The city’s mayor welcomed the sign of progreszs despite the tougheconomic environment.
“Getting something out of the ground,” Mayo Ray DeGraw said, “will attract attention and more