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Las Vegas, Nev. (May 21, 2006)
Joyce Development Group today announced that final development planning has been completed on two exciting mixed-used projects in Northeast Florida.
Plans are now complete for Tapestry Park, a mixed-use urban village development that will feature 52 townhome units, a 100-room boutique hotel, a lakeside restaurant, bank pad, 16,000 square feet of office condominium and 41,000 square feet of retail and in-line restaurant space.
Arlington Properties will be developing the townhomes, several of which will be situated above 17,000 square feet of first floor retail space, with Joyce Development Group overseeing development of the hotel, office condominiums, and balance of the commercial space.
Tapestry Park will be located in Jacksonville within Deerwood Park adjacent to the Merrill Lynch office campus.
“We are in the final development planning stages for both of these projects and are actively engaged in completing several lease and office condo sale agreements,” said Joyce Development Group President John Joyce on the opening day of the International Council of Shopping Centers Spring Conference in Las Vegas.
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“Tapestry Park will be located in one of the most popular areas of Jacksonville,” Joyce said. “A boutique hotel and upscale lakeside restaurant will be the featured properties within an urban village setting of townhomes, offices, restaurants, and shops, all of which is integrated by an engaging architectural theme.”
Another Joyce Development Group project moving forward will be located between Jacksonville and St. Augustine on historic US Highway 1.
Construction will soon begin on Mercado Walk at Palencia in Northern St. Johns County, one of the fastest growing areas of the state. Last year, Jacksonville, Fla. based Joyce Development Group acquired a 6.3-acre site from Hines.
The site is located along Paseo Reyes Drive just north of the main entrance to Palencia, an award winning 2,500 residence master planned community being developed by Hines. This signature commercial development will include both retail and office space in one- and two- story buildings integrated within a pedestrian friendly village environment.
Palencia, bordering along Florida’s pristine Intracoastal Waterway and nestled in a serene and historic setting, has quickly captured the hearts and imagination of some
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of the most discerning homebuyers. Mercado Walk at Palencia will offer residents within Palencia and surrounding communities convenient access to dining, shopping and work place environments.
“With the tremendous growth in and around Palencia, and Northern St. Johns County, this is a perfect location for retail shops, financial institutions, restaurants, office space and many of the basic services the area is beginning to desire and need,” Joyce said. “Mercado Walk’s architectural style conveys the same Spanish heritage found in the nearby Village Center and throughout Palencia and nearby St. Augustine.”
Joyce brings 30 years of real estate development experience, with the last 20 concentrating on retail projects, to the company he established in 2004, following successful management stints with Faison Enterprises in Charlotte, NC and Aronov Realty Management in Montgomery, Ala.
Visit the Joyce Development Group booth (32 J Street in the Leasing Mall) during the ICSC Spring Conference or call (904) 886-0602.
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