Plans underway for $50 million Beach Boulevard apartment project in Jacksonville Action News Jax
JACKSONVILLE, Fla. — The shuttered Regal Cinemas theater along Jacksonville’s Beach Boulevard will begin coming down next week to make way for new multi-family apartments.
Realco Recycling will lead the demolition, which will cost $100,000.
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The plan is for the demolition process to begin on Monday, and they expect this process to take about a month. After that, the parking lot, the trees and everything underground will be a thing of the past.
In its place will be Regal Apartments, still at 14051 Beach Blvd, through developer Presidium of Dallas, Texas.
Presidium development president Mark Farrell told Action News Jax that the project has come in at a cost of nearly $50 million.
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Five four-storey buildings will be created, for a total of 334 units. The plan is to have the units ready to move in by the end of 2023.
The architect is Dwell Design Studio LLC.
Action News Jax also spoke with one of the project’s local contractors, LandSouth Construction.
Phillip McBride is the group’s project manager. He shared what people can expect from Regal Apartments.
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“A kind of high-end luxury, semi-luxury apartment type feel,” McBride said.
There will be a high-end amenity center, swimming pool and fitness center along with quality landscaping and other features.
City Council approved plans to build a multi-family development on the closed Regal Cinemas site in April.
Some residents say they are concerned about congested roads, affordability and the loss of entertainment options.
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“During the COVID pandemic, many movies have closed,” said Giana Mercado, a student at the University of North Florida. “People use streaming services or don’t watch movies, but I think the movie industry really needs those theaters to stay open so people can be entertained and it’s not a lost art form. .”
Construction of the Regal Apartments is expected to begin in late summer and the project to be completed by the end of 2023. Members of the community could expect to begin renting the apartments by middle of next year.
“I think it’s a great property in a great location,” McBride said. “It’s a jump, jump and jump to the beach. I think it will be a nice facelift for this area.
PICTURES: New Regal apartments will take the place of a closed theater in Jacksonville
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