<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="30.4943308" data-lng="-81.6871497" data-map-catchment-data-value="{&quot;lat&quot;:&quot;30.4943308&quot;,&quot;lng&quot;:&quot;-81.6871497&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:1713240}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;Jacksonville Metro Area&quot;,&quot;description&quot;:&quot;Core service area encompassing Duval County and immediate surroundings, population center for airport users&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;Northeast Florida Region&quot;,&quot;description&quot;:&quot;Extended area including St. Johns, Clay, and Nassau counties, drawing additional travelers&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;1,713,240 People&quot;,&quot;description&quot;:&quot;Total population of Jacksonville metro area as of 2023, serving as primary catchment for airport retail&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.5&quot;,&quot;description&quot;:&quot;Estimated annual growth rate for Jacksonville metro based on recent census trends&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;36.5 Years&quot;,&quot;description&quot;:&quot;Median age of residents in Jacksonville metro area from census data&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.55 Persons per household&quot;,&quot;description&quot;:&quot;Average household size in Jacksonville FL from recent demographic reports&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;32.0&quot;,&quot;description&quot;:&quot;Percentage of adults with bachelor&#39;s degree or higher in Jacksonville metro&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;$77,013 USD&quot;,&quot;description&quot;:&quot;Median household income for Jacksonville metro in 2023&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;3.8&quot;,&quot;description&quot;:&quot;Unemployment rate for Jacksonville area in January 2025&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;92 Index (US=100)&quot;,&quot;description&quot;:&quot;Cost of living index for Jacksonville FL, below national average&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;$14,500 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per capita in Jacksonville based on national averages adjusted for local income&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;1,200 USD per capita per year&quot;,&quot;description&quot;:&quot;Estimated annual spending on apparel per capita in Jacksonville metro&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;4,800 USD per household per year&quot;,&quot;description&quot;:&quot;Annual grocery spending per household in Jacksonville, lower than state average&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;800 USD per capita per year&quot;,&quot;description&quot;:&quot;Estimated annual spending on electronics per capita, reflecting local consumer trends&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;7,600,000 Passengers per year&quot;,&quot;description&quot;:&quot;Total passengers through JAX in 2024, serving as foot traffic for retail areas&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;90 Minutes average&quot;,&quot;description&quot;:&quot;Average dwell time for passengers in terminal retail zones&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Estimated percentage of passengers making a retail purchase in airport shops&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;750 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual sales per square meter in airport retail spaces&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;15 Stores&quot;,&quot;description&quot;:&quot;Approximate number of retail outlets in JAX terminals including souvenirs and electronics&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Presence of major anchors like InMotion Electronics and Hudson News&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Density of nearby retail competitors including regional malls and other travel hubs&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Diverse mix of categories from apparel to tech and local souvenirs&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Unique airport-specific concepts like travel essentials and local themed shops&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;5,000 sqm&quot;,&quot;description&quot;:&quot;Estimated gross leasable retail area across JAX concourses&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;3 Levels&quot;,&quot;description&quot;:&quot;Number of concourses (A, B, C) with retail on multiple levels&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;800 USD per year&quot;,&quot;description&quot;:&quot;Estimated average rent for airport retail space per square meter&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Low vacancy rate in airport retail due to high demand&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Flexible lease terms for airport tenants, typically 5-10 years&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;1,000 Square meters&quot;,&quot;description&quot;:&quot;Estimated available retail space amid ongoing expansions&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct&quot;,&quot;description&quot;:&quot;Direct access via I-95 and Airport Road&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good&quot;,&quot;description&quot;:&quot;Served by JTA buses and rideshare services&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;8,000 Spaces&quot;,&quot;description&quot;:&quot;Total parking capacity including new garage under construction&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;High internal pedestrian flow through terminals&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Strong competition from online retail for traveler purchases&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;Growing&quot;,&quot;description&quot;:&quot;Increasing adoption of click-and-collect services in airport retail&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;95.0&quot;,&quot;description&quot;:&quot;High internet penetration in Jacksonville metro supporting digital retail&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Low incidence of retail crime due to airport security&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Comprehensive&quot;,&quot;description&quot;:&quot;TSA screening, CCTV, and on-site security personnel&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Frequent&quot;,&quot;description&quot;:&quot;Regular promotions and seasonal events in retail areas&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Estimated penetration of airport loyalty programs among shoppers&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Extensive use of digital signage for promotions throughout terminals&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Projected annual growth in passenger traffic with expansions&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Active&quot;,&quot;description&quot;:&quot;Ongoing recruitment for new retail tenants in Concourse B&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Expansion of Concourse B and new parking garage opening in 2026&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[],&quot;secondary&quot;:[],&quot;outside&quot;:[{&quot;id&quot;:5702,&quot;slug&quot;:&quot;st-johns-town-center&quot;,&quot;name&quot;:&quot;St. Johns Town Center&quot;,&quot;lat&quot;:&quot;30.2568706&quot;,&quot;lng&quot;:&quot;-81.5253244&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;St. Johns Town Center is a 1.4 million square foot open-air super-regional lifestyle center in southeast Jacksonville, Florida, owned and managed by Simon Property Group. Opened in 2005, it has expanded significantly to over 175 retailers, restaurants, and entertainment options, establishing itself as the premier upscale shopping destination in Northeast Florida. The tenant mix features luxury and national brands including Tiffany \u0026 Co., Chanel, Louis Vuitton, Apple, lululemon, RH Gallery, Dillard&#39;s, Macy&#39;s, and Nordstrom, alongside dining venues like The Capital Grille and Yard House. It attracts affluent shoppers from the growing Jacksonville metro area, with strong performance driven by its resort-like ambiance, pedestrian-friendly design, and integration of residential and office components. Market position is robust, benefiting from Jacksonville&#39;s retail vacancy rate of 4.3% in Q1 2025, the lowest in Florida, and high tenant demand. Leasing advantages include prime visibility along major corridors, high footfall estimated at millions annually based on regional benchmarks, and flexible spaces from inline stores to outparcels. However, as an open-air property, it faces weather-related challenges in Florida&#39;s humid climate, and competition from emerging mixed-use developments could impact future growth. Accessibility via I-95 and local roads is good, but traffic congestion during peak hours poses risks. Overall, it offers solid sales potential for fashion, luxury, and experiential retail categories, with average rents around $30-40 per square foot reflecting its premium status.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jacksonville&quot;},&quot;anchor_tenants&quot;:&quot;Simon Property Group&quot;,&quot;distance&quot;:30.63,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;175&quot;,&quot;gla_sqm&quot;:&quot;2&quot;,&quot;anchor_tenants&quot;:&quot;Simon Property Group&quot;}},{&quot;id&quot;:9337,&quot;slug&quot;:&quot;the-markets-at-town-center&quot;,&quot;name&quot;:&quot;The Markets At Town Center&quot;,&quot;lat&quot;:&quot;30.2472&quot;,&quot;lng&quot;:&quot;-81.541&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;The Markets at Town Center is a 250,000 square foot grocery-anchored open-air lifestyle center in Jacksonville, Florida, adjacent to the St. Johns Town Center. It serves as a mixed-use destination in north Florida&#39;s premier retail district, featuring anchors including Nordstrom Rack (35,170 SF), REI (23,491 SF), West Marine (30,392 SF), and upcoming Sprouts Farmers Market (30,162 SF). The tenant mix comprises mid-tier fashion and accessories (Versona, Palmetto Moon), value-oriented retail (Five Below, Kirkland&#39;s Home), beauty and personal care (ULTA, Ideal Image), and casual dining (Chipotle, Pei Wei, Cooper&#39;s Hawk). Services include spas (Massage Heights, Royal Essence Day Spa) and financial (Charles Schwab). With 97% occupancy, the center enjoys high traffic from 39,000 AADT on Town Center Parkway and 128,500 on J. Turner Butler Boulevard. The 5-mile trade area has 178,273 residents, average household income of $78,173, and 231,995 daytime population, bolstered by 24 million SF of office space. Leasing advantages include strong co-tenancy, affluent demographics, and available spaces from 923 SF to 74,018 SF. Market position benefits from the surrounding 2 million SF high-end retail ecosystem, though competition from luxury anchors in St. Johns Town Center may challenge differentiation for similar categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jacksonville&quot;},&quot;anchor_tenants&quot;:&quot;Publix, The Fresh Market&quot;,&quot;distance&quot;:30.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;31&quot;,&quot;gla_sqm&quot;:&quot;23610&quot;,&quot;anchor_tenants&quot;:&quot;Publix, The Fresh Market&quot;}},{&quot;id&quot;:5703,&quot;slug&quot;:&quot;the-avenues-1&quot;,&quot;name&quot;:&quot;The Avenues&quot;,&quot;lat&quot;:&quot;30.184439&quot;,&quot;lng&quot;:&quot;-81.554024&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;The Avenues is a super-regional enclosed shopping mall located at 10300 Southside Boulevard in Jacksonville, Florida, which opened in 1990 and is owned and managed by Simon Property Group. The property encompasses approximately 1.12 million square feet of gross leasable area with over 140 tenants, including anchor stores such as Dillard&#39;s, JCPenney, and AMC Theatres. The tenant mix comprises a balanced selection of national apparel and footwear retailers like H\u0026M, American Eagle Outfitters, Buckle, Foot Locker, and Vans, complemented by specialty stores including Bath \u0026 Body Works and a variety of dining options such as Popeyes, Buffalo Wild Wings, and Miller&#39;s Ale House. In the context of Jacksonville&#39;s retail market, which reported a low vacancy rate of 4.6% in Q2 2025 amid population growth to 1.8 million residents, The Avenues maintains a solid market position as a value-oriented destination drawing middle-market shoppers. Annual footfall is estimated at around 6 million visitors, bolstered by excellent accessibility via Interstate 95 and surrounding arterial roads. Occupancy levels hover near 92%, reflecting stable operational quality, though average base rents range from $35 to $45 per square foot, competitive within the submarket. Leasing advantages include flexible inline spaces and potential outparcel developments, enhanced by the mall&#39;s central location in the expanding Southside area. However, challenges include competition from newer open-air lifestyle centers, an aging infrastructure dating back to the 1990s, and recent 2025 rezoning approvals for 266 residential units on 94.6 acres, indicating a shift toward mixed-use to counter retail saturation and e-commerce pressures. The demographic profile features a trade area with median household income of approximately $62,000, a diverse population including military families and young professionals, supporting steady traffic in categories like casual dining and mid-tier fashion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jacksonville&quot;},&quot;anchor_tenants&quot;:&quot;Belk, Dillard&#39;s, JCPenney&quot;,&quot;distance&quot;:36.75,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;102193&quot;,&quot;anchor_tenants&quot;:&quot;Belk, Dillard&#39;s, JCPenney&quot;}},{&quot;id&quot;:164,&quot;slug&quot;:&quot;the-avenues&quot;,&quot;name&quot;:&quot;The Avenues&quot;,&quot;lat&quot;:&quot;30.184439&quot;,&quot;lng&quot;:&quot;-81.554024&quot;,&quot;property_type&quot;:&quot;Super Regional&quot;,&quot;description&quot;:&quot;The Avenues is a super-regional enclosed shopping mall located at 10300 Southside Boulevard in Jacksonville, Florida, which opened in 1990 and is owned and managed by Simon Property Group. The property encompasses approximately 1.12 million square feet of gross leasable area with over 140 tenants, including anchor stores such as Dillard&#39;s, JCPenney, and AMC Theatres. The tenant mix comprises a balanced selection of national apparel and footwear retailers like H\u0026M, American Eagle Outfitters, Buckle, Foot Locker, and Vans, complemented by specialty stores including Bath \u0026 Body Works and a variety of dining options such as Popeyes, Buffalo Wild Wings, and Miller&#39;s Ale House. In the context of Jacksonville&#39;s retail market, which reported a low vacancy rate of 4.6% in Q2 2025 amid population growth to 1.8 million residents, The Avenues maintains a solid market position as a value-oriented destination drawing middle-market shoppers. Annual footfall is estimated at around 6 million visitors, bolstered by excellent accessibility via Interstate 95 and surrounding arterial roads. Occupancy levels hover near 92%, reflecting stable operational quality, though average base rents range from $35 to $45 per square foot, competitive within the submarket. Leasing advantages include flexible inline spaces and potential outparcel developments, enhanced by the mall&#39;s central location in the expanding Southside area. However, challenges include competition from newer open-air lifestyle centers, an aging infrastructure dating back to the 1990s, and recent 2025 rezoning approvals for 266 residential units on 94.6 acres, indicating a shift toward mixed-use to counter retail saturation and e-commerce pressures. The demographic profile features a trade area with median household income of approximately $62,000, a diverse population including military families and young professionals, supporting steady traffic in categories like casual dining and mid-tier fashion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jacksonville&quot;},&quot;anchor_tenants&quot;:&quot;Ikea, Vox Cinema, Cinescape, Kidzania, Carrefour&quot;,&quot;distance&quot;:36.75,&quot;cover_photo&quot;:&quot;https://static.getoccupi.com/uploads/mall/cover_photo/164/f1505add1a502935ccd096b153c2a0ab(2).jpeg&quot;,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;360000&quot;,&quot;anchor_tenants&quot;:&quot;Ikea, Vox Cinema, Cinescape, Kidzania, Carrefour&quot;}},{&quot;id&quot;:6055,&quot;slug&quot;:&quot;regency-square&quot;,&quot;name&quot;:&quot;Regency Square&quot;,&quot;lat&quot;:&quot;30.3229204&quot;,&quot;lng&quot;:&quot;-81.5505726&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Regency Square is an enclosed regional mall located at 9501 Arlington Expressway in Jacksonville\&quot;s Arlington neighborhood, opened in 1967 with 1,390,000 square feet of gross leasable area on 74 acres. Historically one of the top-performing retail centers in the U.S. during the 1970s with sales per square foot exceeding national averages, it expanded significantly in the 1980s adding anchors and amenities. However, competition from newer developments like The Avenues Mall (1990), St. Johns Town Center (2005), and River City Marketplace (2006) eroded its market share starting in the 1990s. Crime incidents peaked in the mid-2000s, deterring shoppers and contributing to a reputational decline. Anchor departures accelerated the downturn: Belk closed in 2015, Sears in 2016, and JCPenney in 2020, leaving occupancy below 40% by 2014. By 2025, the mall was largely vacant with only a few inline tenants, leading to full closure of the interior on June 1, 2025, except for separately owned Dillard\&quot;s Clearance Center and Impact Church. In April 2025, Blackwater Development acquired the property for $19.1 million (excluding anchors) for redevelopment into The Nexus at Regency, a mixed-use project featuring multifamily housing, offices, national retail brands, restaurants, and 11 outparcels including a planned Raising Cane\&quot;s and gas station. This 5-10 year transformation aims to revitalize the site per the 2010 Greater Arlington Vision Plan, emphasizing density and connectivity. Current market position reflects challenges in Jacksonville\&quot;s retail sector, where overall vacancy is 4.6% as of Q2 2025 per Colliers, but older enclosed malls face saturation and e-commerce pressures. Tenant mix historically included department stores, apparel, and dining, but now limited to anchors; post-redevelopment leasing could offer opportunities for experiential retail and services targeting local demographics. Advantages include prime accessibility via Arlington Expressway and potential for repositioning in a growing metro area with 1.6 million residents, though risks involve construction disruptions and uncertain timelines. Footfall has declined sharply from peak years, with no recent metrics available due to closure, but redevelopment may restore traffic through mixed-use appeal.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jacksonville&quot;},&quot;anchor_tenants&quot;:&quot;Dillard&#39;s Clearance Center, JCPenney (vacant), former Sears, Belk, Montgomery Ward&quot;,&quot;distance&quot;:23.13,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;15&quot;,&quot;gla_sqm&quot;:&quot;120000&quot;,&quot;anchor_tenants&quot;:&quot;Dillard&#39;s Clearance Center, JCPenney (vacant), former Sears, Belk, Montgomery Ward&quot;}},{&quot;id&quot;:6120,&quot;slug&quot;:&quot;regency-square-mall&quot;,&quot;name&quot;:&quot;Regency Square Mall&quot;,&quot;lat&quot;:&quot;30.3229204&quot;,&quot;lng&quot;:&quot;-81.5505726&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Regency Square Mall, located at 9501 Arlington Expressway in Jacksonville, Florida&#39;s Arlington neighborhood, opened in 1967 as an enclosed regional shopping center spanning approximately 1 million square feet on 74 acres. It was once a dominant retail destination with anchors including Belk, Dillard&#39;s, JCPenney, Sears, and Montgomery Ward, alongside over 100 inline stores, a food court, and an AMC theater. The property benefited from strong accessibility via Interstate 295, Atlantic Boulevard, and the Arlington Expressway, connecting to downtown Jacksonville, beaches, and Jacksonville International Airport within 15 minutes. However, over decades, it faced significant decline due to competition from newer developments like The Avenues Mall (1990), St. Johns Town Center (2005), and River City Marketplace (2006), compounded by the rise of e-commerce and population shifts southward. Occupancy plummeted from 74% in 2011 to below 38% by 2013, reaching near-vacancy by 2025 with only a handful of tenants remaining, including Dillard&#39;s Clearance Center and Impact Church as standalone anchors. The tenant mix had shifted to discount-oriented and service-based retailers, with final inline closures like Rogers Jewelers and Tokyo Sakura in May-June 2025. Owned by Namdar Realty Group since 2014, the mall accumulated $1.8 million in city code violation fines for issues like roof leaks, exposed wiring, and unsanitary conditions. In April 2025, Blackwater Development acquired it for $18.8 million, closing the interior in June 2025 and initiating redevelopment into The Nexus at Regency, a mixed-use project featuring multifamily housing, new retail, entertainment, and seven outparcels. This transition offers leasing potential in a revitalized format, leveraging the site&#39;s central location and 8-mile trade area demographics of middle-income families (median household income around $60,000, population over 200,000 with growing demand for 4,890 rental units by 2026). Challenges include construction disruptions, uncertain timelines, aging infrastructure remnants, and intense regional competition, but the redevelopment could enhance footfall through integrated residential and experiential retail. Rent levels in the pre-closure phase were competitively low, estimated at $15-25 per square foot for inline spaces, with future terms likely varying by outparcel or new builds. Operational quality had deteriorated, marked by maintenance issues and reduced security, impacting past performance metrics like low footfall estimated below 1 million annual visitors in later years compared to peaks over 10 million.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jacksonville&quot;},&quot;anchor_tenants&quot;:&quot;JCPenney (open); Sears, Dillard&#39;s, Belk, Montgomery Ward (vacant)&quot;,&quot;distance&quot;:23.13,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;129135&quot;,&quot;anchor_tenants&quot;:&quot;JCPenney (open); Sears, Dillard&#39;s, Belk, Montgomery Ward (vacant)&quot;}}]}" data-map-update-url-value="/malls/jacksonville-international-airport" id="mall-map-wrapper"><div data-city="Jacksonville" data-current-mall="true" data-id="jacksonville-international-airport" data-lat="30.4943308" data-lng="-81.6871497" data-map-target="mall" data-name="Jacksonville International Airport" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Jacksonville Metro Area</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">Northeast Florida Region</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">1,713,240 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.5</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">$77,013 USD</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">3.8</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">92 Index (US=100)</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">$14,500 USD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">1,200 USD per capita per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">4,800 USD per household per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">800 USD per capita per year</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">7,600,000 Passengers per year</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">90 Minutes average</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">15.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">750 USD per year</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">15 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">Medium</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5,000 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">3 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">800 USD per year</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Direct</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Good</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">8,000 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">Growing</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">95.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Low</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Comprehensive</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Frequent</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Active</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>