Author Topic: Want to own a mall? Regency could be headed to auction  (Read 3299 times)

thelakelander

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Want to own a mall? Regency could be headed to auction
« on: February 07, 2019, 04:08:46 PM »
Quote
Most of Regency Square Mall is scheduled for auction March 21 by the Duval County Clerk of Courts after a $162,872 judgment was levied against the mall owners.

The judgment was awarded to JAAMM Inc., a nonprofit company that operated the former Jacksonville Automotive & Motorcycle Museum in the former Montgomery Ward store in the mall in 2016 and 2017.

The nonprofit filed a lawsuit against Regency’s owners in June 2017, saying the owners did not reimburse the company as required for $135,044 in improvements on the property made by JAAMM. The final judgment includes attorney’s fees and other costs.

Full article: https://www.jaxdailyrecord.com/article/regency-square-mall-could-be-auctioned
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marcuscnelson

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Re: Want to own a mall? Regency could be headed to auction
« Reply #1 on: February 07, 2019, 05:26:19 PM »
Any chance we can all pool our money together and redevelop Regency Square?  ;D

pierre

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Re: Want to own a mall? Regency could be headed to auction
« Reply #2 on: February 08, 2019, 08:18:39 AM »
What does everyone feel like is the end game here? There is almost zero chance the mall can be revived in it's current format. Does it just get torn down?

BridgeTroll

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Re: Want to own a mall? Regency could be headed to auction
« Reply #3 on: February 08, 2019, 08:19:50 AM »
indoor paintball arena...  8)
In a boat at sea one of the men began to bore a hole in the bottom of the boat. On being remonstrating with, he answered, "I am only boring under my own seat." "Yes," said his companions, "but when the sea rushes in we shall all be drowned with you."

Tacachale

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Re: Want to own a mall? Regency could be headed to auction
« Reply #4 on: February 08, 2019, 08:25:38 AM »
indoor paintball arena...  8)

That would be lit. We can dream!
Do you believe that when the blue jay or another bird sings and the body is trembling, that is a signal that people are coming or something important is about to happen?

Captain Zissou

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Re: Want to own a mall? Regency could be headed to auction
« Reply #5 on: February 08, 2019, 09:17:22 AM »
indoor paintball arena...  8)

That would be lit. We can dream!

Where do I pay for my annual membership?  Ever since the annual paintball weekends at Dee Dot got discontinued, i've been itching to unleash a paintball fury on somebody

BridgeTroll

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Re: Want to own a mall? Regency could be headed to auction
« Reply #6 on: February 08, 2019, 09:23:04 AM »
indoor paintball arena...  8)

That would be lit. We can dream!

Where do I pay for my annual membership?  Ever since the annual paintball weekends at Dee Dot got discontinued, i've been itching to unleash a paintball fury on somebody

There is one on Normandy Blvd...

http://www.whilspaintball.com/
In a boat at sea one of the men began to bore a hole in the bottom of the boat. On being remonstrating with, he answered, "I am only boring under my own seat." "Yes," said his companions, "but when the sea rushes in we shall all be drowned with you."

Elwood

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Re: Want to own a mall? Regency could be headed to auction
« Reply #7 on: February 08, 2019, 08:32:38 PM »
New HQ for JEA? Plenty of parking, not in a flood zone, easy access with plenty of bus routes, high visibility. Move the school board there too.

thelakelander

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Re: Want to own a mall? Regency could be headed to auction
« Reply #8 on: February 08, 2019, 09:10:42 PM »
Regency isn't downtown. So you'd be taking 836 jobs away from the core. Also, a retail footprint may not be built to the specifications a public utility needs.
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Elwood

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Re: Want to own a mall? Regency could be headed to auction
« Reply #9 on: February 09, 2019, 09:15:16 PM »
Guess the hint of sarcasm was missed. ;)

thelakelander

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Re: Want to own a mall? Regency could be headed to auction
« Reply #10 on: February 20, 2019, 08:18:54 AM »
What a disaster:

Regency Square Mall foreclosure auction scheduled

https://www.jaxdailyrecord.com/article/regency-square-mall-foreclosure-auction-scheduled
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

marcuscnelson

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Re: Want to own a mall? Regency could be headed to auction
« Reply #11 on: February 20, 2019, 04:43:17 PM »
What a disaster:

Regency Square Mall foreclosure auction scheduled

https://www.jaxdailyrecord.com/article/regency-square-mall-foreclosure-auction-scheduled

So… any buyers?

Seriously, is there any realistic guess of who is likely to buy this?

Any reason we can't form a development company tomorrow and somehow do this? ;D

vicupstate

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Re: Want to own a mall? Regency could be headed to auction
« Reply #12 on: February 20, 2019, 04:48:38 PM »
Whoever owns it now is not going to lose it over $100k. 
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Charles Hunter

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Re: Want to own a mall? Regency could be headed to auction
« Reply #13 on: February 20, 2019, 05:11:19 PM »
Maybe the City could relocate the Landing tenants that are about to be displaced.

dos0711

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Re: Want to own a mall? Regency could be headed to auction
« Reply #14 on: February 22, 2019, 10:40:36 AM »
If anything needs to be leveled it's that mall. That is definitely not the best and highest use for that property.