Three Businesses Coming Soon to Northeast Florida

October 5, 2021

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The First Coast is constantly welcoming new businesses of every variety. With a guarantee for a hot and interesting restaurant or business to experience in the area, Northeast Florida is a wonderful place to live. “Businesses that come to the First Coast are greeted with open arms by the thriving community. With so many heavy traffic commercial areas and a bustling calendar of events in the area, there is no shortage of opportunity for businesses to flourish,” shares Davidson Realty President, Sherry Davidson. We’re sharing a few new businesses to put on your radar as they gear up to call Northeast Florida home. 

 

Tru by Hilton

A new hotel is coming to South Jacksonville! Tru by Hilton will be coming to the Bowden area near Southpoint. The city issued a permit in early September 2021 to build the four-story, 45,000-square-foot hotel that will cost more than $6 million. This new location joins two other Tru by Hilton properties in the area. 

 

The Sugar Factory

Have you heard? The self-proclaimed sweetest place on Earth is getting ready to call Jacksonville home. Markets at Town Center will be welcoming a new occupant to the former Brio Tuscan Grille property: Las Vegas-based Sugar Factory American Brasserie. The Sugar Factory, which was founded in 2009, operates fifteen locations in the United States and four overseas. The location in the Town Center will be the chain’s fourth location in Florida. The Sugar Factory is known for over-the-top sundaes, cocktails, and milkshakes while also offering a variety of savory pasta, steak, and burger dishes. 

 

Dolly Llama Waffle Master 

Another sweet business is coming to Northeast Florida! The Dolly Llama Waffle Master will likely be coming to Ponte Vedra Beach in 2022. The shop’s handcrafted waffle cones are filled with ice cream and can be customized with a variety of tasty toppings. This will be the first Dolly Llama location in Florida. The concept debuted in 2017 in Los Angeles. Menu favorites include the Cinnalover signature shake, Dolly’s Dream signature waffle, and Snow Storm ice cream. 

 

With Northeast Florida being such an attractive area for businesses, there is no shortage of new shops to explore.

Upcoming World Golf Village Office Park is a Welcomed Solution for Much-Needed Office Space in St. Johns County

August 31, 2021

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Posted by in News

Northeast Florida is a vivacious area with new developments popping up all over town. A new office park development, WGV Office Park, has sparked excitement in St. Johns County. Located at the entrance of the King & Bear, this five-building office park will total more than 44,000 square feet of much-needed office space in the area.

 

“The owners purchased the land at the beginning of July 2021 from Fletcher Davis. At that time they partnered with Matt Harkins of DL Harkins Construction out of Orlando on the project. Matt has a great deal of experience with developing office condos and has been involved in many successful projects,” shares Sam Davidson, Realtor® at Davidson Realty and Vice President of Special Operations for Davidson Development. “Right now, the project is in final review from the county and is expected to break ground in November 2021. Work on the first two buildings will begin approximately thirty days later with delivery scheduled for Spring of 2022.”

 

Occupants of the office park will have a space built to last as the buildings will have concrete block walls and Hollow Core System roofs. They will also be just across the street from Publix-anchored Shoppes at Murabella and a surrounding community that is growing fast both residentially and commercially.

 

“It should be a huge benefit to both World Golf Village and the surrounding area. There is a real lack of office space in St. Johns County as a whole and especially in the World Golf Village area. This will allow local residents to work closer to home and serve their friends, family, and neighbors,” shares Davidson. “It will also help bring much-needed support services such as attorneys, doctors, and insurance agents to the community. This project has been designed with spaces starting at 1,120 square feet and going up to 12,000 square feet, which allows for the ability to accommodate companies of all sizes.”

 

If you are interested in owning an office condo in the new WGV Office Park, contact Sam Davidson at (904) 502-2397 or jsdavidson@davidsonrealtyinc.com or Tim Nemethy at (904) 553-6194 or tnemethy@davidsonrealtyinc.com

How Horses are like Loan Interest and why DASI

July 1, 2011

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Posted by in News

Logo-Red-thumbWe are all aware of the lingering problems facing the real estate market on a nationwide basis. During the past real estate down-turns, financial institutions, investors and individuals took direct responsibility for their problems and realized early on that they had to come up with a solution that would eliminate or substantially reduce their losses. This time the federal government decided to come to the rescue. Program after program was announced including monetary bail-outs, debt restructuring options and even debt forgiveness. As a result most, if not all, of the financial institutions, investors and individuals opted for a wait and see attitude related to their troubled real estate assets. Time, as always, has marched on. As a wise old Georgia farmer once told me “I don’t like horses; they eat while you sleep”! Well interest is the same way with or without the inherent penalties for non-payment. It just keeps accruing. Many of the loan defaults started in late 2006 and early 2007. While there have been bail-outs and some debit restructuring the back log of troubled assets is still monumental in many markets.

This brings us back to the question of “Why Davidson Advisory Services, Inc. (DASI)? Very simply a strong market need. Any restructuring of existing financing, modification of permitting, change of intended use or revived sales efforts must rely heavily on a well thought out comprehensive disposition strategy taking into account current and projected market conditions. In many cases this may be the last chance to salvage loan principal or invested capital. Oftentimes the owner/lender just needs a knowledgeable sounding board to bounce off ideas. The principals at DASI have the knowledge, expertise and proven track record to assist any financial institution, investor or individual in making the right decision regarding their real estate investment. These services may be solicited and engaged at any point in the process.

In summary, DASI can help.

Davidson Realty