Author Topic: SJTC's Carter's Broughton Street Collection Takes Shape  (Read 2243 times)

Metro Jacksonville

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SJTC's Carter's Broughton Street Collection Takes Shape
« on: May 13, 2016, 03:00:03 AM »
SJTC's Carter's Broughton Street Collection Takes Shape



In 2014, despite developing Jacksonville's most suceessful shopping center and chairing downtown's Retail Task Force in 2007, developer Ben Carter chose to invest in downtown Savannah. Here's an update on Carter's business decision.

Read More: http://www.metrojacksonville.com/article/2016-may-sjtcs-carters-broughton-street-collection-takes-shape

vicupstate

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Re: SJTC's Carter's Broughton Street Collection Takes Shape
« Reply #1 on: May 13, 2016, 08:59:57 AM »
This is why you don't tear down historic buildings just because they are old or need repair.

Carter would have had a hard time even finding 37 historic buildings in DT JAX to buy.   



Quote
In response to why not Jacksonville, Carter told the Jacksonville Business Journal, "“I’d consider it if there were anybody behind it, but I’m not interested in being a pioneer. No developer wants to come into a market where’s there’s not broad support for what you’re trying to do.”

Brutal but totally justifiable statement to make on his part.
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Kerry

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Re: SJTC's Carter's Broughton Street Collection Takes Shape
« Reply #2 on: May 13, 2016, 09:05:15 AM »
^I was just going to say that.  Jax doesn't have 37 old buildings left, especially along one street.
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JaGoaT

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Re: SJTC's Carter's Broughton Street Collection Takes Shape
« Reply #3 on: May 13, 2016, 09:39:05 AM »
Put a retail disctrict in La Villa

vicupstate

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Re: SJTC's Carter's Broughton Street Collection Takes Shape
« Reply #4 on: May 13, 2016, 09:57:52 AM »
Put a retail disctrict in La Villa

Won't happen. You can't build new the kind of ambiance you find in historic buildings. That is all part of the draw, the uniqueness. If you were just going to build new from the ground up, you would just do it on an undeveloped parcel like SJTC.  One transaction instead of 37, and you put the roads,etc wherever you decide rather than deal with what is already there.

In theory LaVilla could develop retail once the population justifies it, but what would draw in that population? It is a Catch-22.   
"The problem with quotes on the internet is you can never be certain they're authentic." - Abraham Lincoln

CoastalJax

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Re: SJTC's Carter's Broughton Street Collection Takes Shape
« Reply #5 on: May 13, 2016, 10:24:27 PM »
Would never work in Jax. I saw the Savannah development when I was there a few months ago, it does look like it will be nice.

vicupstate

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Re: SJTC's Carter's Broughton Street Collection Takes Shape
« Reply #6 on: May 13, 2016, 10:42:48 PM »
Would never work in Jax. I saw the Savannah development when I was there a few months ago, it does look like it will be nice.

Wouldn't work for what reason? The lack of historic building stock? or something else?
"The problem with quotes on the internet is you can never be certain they're authentic." - Abraham Lincoln