Exploring St. Johns County’s Real Estate Transformation
For years, St. Johns County has been synonymous with expansive residential developments, characterized by sprawling master-planned communities. However, as the availability of large land parcels diminishes and rezoning becomes increasingly challenging, the county’s real estate narrative is undergoing a profound evolution. Attention is now shifting towards a more diversified approach, with a focus on commercial and government projects to accommodate the burgeoning population.
Here’s a glimpse into some recent highlights:
1. Baptist South Medical Center Expansion:
Positioned near the former outlet mall,
Baptist South is embarking on a significant expansion, including the construction of a new emergency room and imaging center. Despite initial delays in planning, the project is now underway, with an expected completion date set for spring 2024.
2. University of St. Augustine Expansion:
Repurposing the former St. Augustine Record building, the University of St. Augustine is spearheading a comprehensive expansion project. This endeavor aims to create additional study spaces, faculty offices, and student amenities, with a targeted completion by the end of 2024.
3. Ponte Vedra Inn & Club and Lodge & Club Renovation:
In a bid to maintain their prestigious status, the renowned AAA Five-Diamond and Four-Diamond resorts are set for extensive upgrades. Following meticulous government approvals, including rezoning, these properties are slated for comprehensive renovations and the construction of new amenities, ensuring their relevance for the next 25 years.
4. Retail Expansion:
The commercial landscape of St. Johns County is poised for
significant growth with the anticipated openings of Lowe’s and Bass Pro Shops, along with the expansion of Home Depot. These developments are expected to invigorate the local economy and cater to the needs of the burgeoning population.
5. KeHE Expansion:
Despite initial setbacks, food distributor KeHE has opted to stay in St. Johns County, securing a new location near its current site. With significant economic incentives, this $85 million expansion project promises to retain existing jobs while
creating new employment opportunities, contributing to the county’s economic growth.
6. Hotel Investments:
Reflecting St. Augustine’s status as a premier tourist destination, the hotel sector continues to attract significant investments. Recent acquisitions and openings, including the Hyatt Place in Vilano Beach and the acquisition of Hampton Inn, underscore the growing demand for accommodation in the region. These developments signify a paradigm shift in St. Johns County’s real estate landscape, as it embraces a more diversified and sustainable approach to development. As the county continues to evolve, these projects will play a pivotal role in shaping its future growth and prosperity. Stay tuned for more updates as St. Johns County navigates its exciting real estate journey.
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