search

The Real Deal Logo

Trending

Macerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoffDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a
South Florida

Gatlin has retail role in big project near Jacksonville

Rendering of Durbin Park development
Rendering of Durbin Park development

Gatlin Development, a shopping center developer that relocated from Fort Lauderdale to Jacksonville last year, is in a partnership to build a mixed-use development on 1,600 acres just south of Jacksonville.

Gatlin Development and Jacksonville-based Gate Petroleum are planning the 1,600-acre development, called Durbin Park, in northern St. Johns County. Gate has owned the land since 2004.

The Durbin Park property is approved for 2.8 million square feet of office space, 2.4 million square feet of retail stores, 999 units in multifamily residential buildings and 350 hotel rooms.

Sign Up for the undefined Newsletter

Gatlin Development will develop and share ownership of the retail space. So far, Bass Pro Shops is the only retailer that has announced plans to operate at Durbin Park.

Frank Gatlin, a principal of Gatlin Development, told the Florida Times-Union that more retail tenant leases will be  signed within the next 90 days.

The Shopping Center Group is the leasing agent for Durbin Park.

“I think it’s going to be wildly successful,” Cliff Taylor of brokerage firm CBRE told the Times-Union. “If you drive that area, it’s primarily grocery stores. There’s no soft goods.” [Florida Times-Union] — Mike Seemuth