Flagler and Regency to develop in Nocatee

Flagler Development Group and Regency Centers Corp. have acquired land in Nocatee for an undisclosed price for office park and retail center development at the Nocatee Town Center.

Flagler Development Co., an office and industrial space developer, will develop the 54-acre office park that will include 675,000 square feet of space. The first speculative building is expected to be complete in late 2009 or early 2010.

Jacksonville-based retail developer Regency Centers Corp. will develop the 24-acre retail center that will include retail, restaurants, banks and other uses. The first phase of the retail center, which is expected to include a grocer, should start construction in early 2008 and be complete by mid-2009.

Nocatee is a 14,000-acre master-planned community being developed by The Parc Group in northeast St. Johns County and southeast Duval County.

Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.

source: bizjournals.com