Brett McKee

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JACKSONVILLE, FL—International Management Co. plans to develop aPublix-anchored, retail project at the intersection of New BerlinRoad and Yellow Bluff Road on the city's Northside. Publix hassigned a 48,387-square-foot lease for a grocery and pharmacy.

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Phase I of Northpoint Village will consist of a standaloneshopping center with approximately 16,600 square feet of inlinespace adjacent to Publix, with units ranging from 1,300 square feetto 7,000 square feet as well as five outparcels ranging up to 1.53acres.

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Brett McKee, IMC's VP of property services, tells GlobeSt.comthat the current pandemic did not have a major effect on theproject.

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"This deal was a long time in the making with discussions andnegotiations starting well before the pandemic," he says. "Usinginnovative technology such as virtual meetings, digital signing,etc., IMC was able to maintain momentum in keeping the projectmoving forward given the current restrictions of thispandemic."

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The project is expected to deliver in summer 2022, and McKeesays he expects to be well past the current challenges and impactthat this pandemic is having on the economy.

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Planning and design will continue through the end of 2020 withphysical construction slated to begin early 2021. The cost isapproximately $25 million.

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Phase I of Northpoint Village will be developed on approximately16.86 acres of land totaling approximately 88,000 square feet.

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Depending on demand, Phase II may be developed in conjunctionwith Phase I or at a future date with entitlements to develop up to64,000 square feet of retail, medical and/or office uses. Atcompletion, Northpoint Village will consist of approximately142,000 square feet sitting on about 27 acres.

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