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  • Krista Fracke PA
    RE/MAX Coastal Real Estate
    50 A1A North
    Ponte Vedra Beach, FL 32082
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After confirming that they were not interested anymore in the Haydon Burns Library, attention turned from the Atkins Group to runner-up in the initial negotiations – Peterbrooke Chocolatier. The only problem is that Peterbrooke have said they’re not interested anymore.

The Atkins Group pulled out of their $5 million bid after 4 months of talks. But Peterbrooke, whose $1.5 million offer was initially rejected, says that they no longer need the benefits the property offers due to internal company changes and streamlining to their production processes.

If Peterbrooke passes, next in line to start talks would be Main Branch LLC with their $3.25 million offer. They have said they’re still interested and theyx have begun to get the financing ready just in case.
http://tinyurl.com/p9cbn
(Registration is required to view stories at jacksonville.com)

A real estate company, Hines, has unveiled plans to build a 43 story all-glass condo tower, called The St John, next to the Aetna Building on the Southbank. The design plans will go before the Design Review Committee in December.

Perhaps known under its other name, Riverpointe, the St John will be made up of 261 condos, an additional 246 units with between one to three bedrooms and 15 penthouses. With the exception of the penthouses, expect to see prices between $380,000 and $1.3 million each. Going by previous projects, the construction costs on the building could be anywhere from $50 million to $150 million.

The 43 story building would be, when it is finished in 2008, the tallest residential building in town. Another 43 story building, the Bank of America is an office building. No retail space is being planned for The St John.
http://tinyurl.com/go5mt
(Registration is required to view stories at jacksonville.com)