(JACKSONVILLE, FL) – Hines, the international real estate firm, today announced that it is acquiring a 105-acre property at the intersection of I-295 and J.T. Butler Boulevard on Jacksonville’s Southside.
Located in the southwest quadrant of this strategic, in-fill location, the new Hines development will provide an integrated live, work and play environment in what will be a market defining master-planned community. The project will be a true-mixed use development that will blend residential, office, neighborhood retail and more and will leverage Hines’ experience and reputation of delivering the highest-quality design and architecture. This location has superior visibility, access and is centrally positioned in Jacksonville’s most active submarket and the epicenter of Jacksonville’s key entertainment, retail, transportation and employment areas offering the ideal location for future residents, companies and tenants.
The development plans will reflect the firm’s proven track record of creating a neighborhood that focuses on connectivity, walkability, pedestrian-friendly pathways, a central lake amenity and abundant green space. A key element of the pre-development plan includes working closely with the City of Jacksonville, national renowned planning firm RTKL Associates and the local engineering firm, ETM, to
Hines Founder Gerald Hines stated, “For nearly 60 years, our firm has been committed to developing high-quality projects that enhance the communities we serve. In Jacksonville, we look forward to creating a project that provides a timeless place for residents and our neighbors to live, work and enjoy life.”
Hines has nearly 60 years of development experience throughout the world and a strong local presence in Northeast Florida dating back to 1999 when it began the award winning 2,200-acre Palencia community. The master-planned, mixed-use community in St. Augustine has served as a model for development in northeast Florida. In the 16 years since it started Palencia, Hines has grown its local presence in Jacksonville to include acquisition of The Markets at Town Center and Markland, a new residential community under development in St. Johns County.
“Hines has a long track record of completing successful mixed-use developments such as Palencia in St. Augustine, FL.; Cool Springs in Franklin, TN.; Deerfield in Atlanta, GA. and CityCenterDC in Washington, D.C.,” said Lane Gardner, Hines’ Jacksonville-based managing director. “Our Firm is proud to be part of the continued growth in Jacksonville. With our experience in this market and other cities, Hines brings a unique ability to create a vibrant community that sets the standard for quality mixed-use projects in Jacksonville.”
For more information about opportunities in Hines’ new project, please contact Lane Gardner at (904) 810-0500.Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 199 cities in 19 countries. Hines has $87 billion of assets under management, including $43 billion for which Hines provides fiduciary investment management services, and $44 billion for which Hines provides third-party property-level services. The firm has 104 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,100 properties, totaling over 346 million square feet. The firm’s current property and asset management portfolio includes 531 properties, representing over 186 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most respected real estate organizations in the world. Visit www.hines.com for more information.