<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="30.184439" data-lng="-81.554024" data-map-catchment-data-value="{&quot;lat&quot;:&quot;30.184439&quot;,&quot;lng&quot;:&quot;-81.554024&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:750000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;50 Square Miles&quot;,&quot;description&quot;:&quot;Estimated primary trade area within 5-mile radius serving core shoppers&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;200 Square Miles&quot;,&quot;description&quot;:&quot;Estimated secondary trade area within 10-20 mile radius for occasional visitors&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;750,000 People&quot;,&quot;description&quot;:&quot;Estimated total population in primary and secondary catchment areas around Jacksonville, FL&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;2.5&quot;,&quot;description&quot;:&quot;Annual population growth rate in Jacksonville metro area based on recent census data&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;36.4 Years&quot;,&quot;description&quot;:&quot;Median age of residents in Jacksonville, FL&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.53 Persons&quot;,&quot;description&quot;:&quot;Average household size in Jacksonville, FL&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;32.0&quot;,&quot;description&quot;:&quot;Percentage of population aged 25+ with bachelor&#39;s degree or higher in Jacksonville, FL&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;$66,981 USD&quot;,&quot;description&quot;:&quot;Median household income in Jacksonville, FL&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;4.2&quot;,&quot;description&quot;:&quot;Unemployment rate in Jacksonville metro area as of 2025&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;92 Index&quot;,&quot;description&quot;:&quot;Cost of living index for Jacksonville, FL (national average=100)&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;$12,500 USD&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per capita in Florida based on national and state averages&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;$1,800 USD&quot;,&quot;description&quot;:&quot;Annual per capita spending on apparel in the US, adjusted for Florida&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;$5,200 USD&quot;,&quot;description&quot;:&quot;Annual per capita spending on groceries in the US, adjusted for Florida&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;$1,100 USD&quot;,&quot;description&quot;:&quot;Annual per capita spending on electronics in the US, adjusted for Florida&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;12,000,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated annual visitors based on size and location of a 1.1M sq ft regional mall&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;90 Minutes&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall per visit&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Estimated percentage of visitors making a purchase&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;$6,500 USD&quot;,&quot;description&quot;:&quot;Annual sales per square meter of GLA, estimated for regional malls&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;150 Stores&quot;,&quot;description&quot;:&quot;Total number of retail stores and tenants in the mall&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Presence of major anchor tenants like Dillard&#39;s and Macy&#39;s&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;3 Malls&quot;,&quot;description&quot;:&quot;Number of competing malls in the Jacksonville area&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Diverse mix including fashion, dining, and entertainment&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Includes unique tenants like entertainment venues and mixed-use plans&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;360,000 sqm&quot;,&quot;description&quot;:&quot;Total gross leasable area of the mall&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;2 Levels&quot;,&quot;description&quot;:&quot;Number of shopping levels in the multi-level mall&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;$350 USD&quot;,&quot;description&quot;:&quot;Estimated annual rent per square meter for mall space&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;10.0&quot;,&quot;description&quot;:&quot;Current vacancy rate based on recent reports of anchor closures&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Qualitative&quot;,&quot;description&quot;:&quot;Standard 5-10 year leases with some flexibility for key tenants&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;9,290&quot;,&quot;description&quot;:&quot;Estimated available space due to recent vacancies&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct Qualitative&quot;,&quot;description&quot;:&quot;Direct access to I-95 and SR-202 for easy highway connectivity&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good Qualitative&quot;,&quot;description&quot;:&quot;Served by JTA bus routes and nearby Park-n-Ride&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;5,000 Spaces&quot;,&quot;description&quot;:&quot;Estimated parking capacity for mall visitors&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;High pedestrian access within mall and surrounding walkable areas&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Strong competition from online retailers impacting physical sales&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;40.0&quot;,&quot;description&quot;:&quot;Estimated adoption rate of click-and-collect services in mall&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;95.0&quot;,&quot;description&quot;:&quot;High broadband penetration in Jacksonville area&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low Qualitative&quot;,&quot;description&quot;:&quot;Low reported retail crime in secure mall environment&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Advanced Qualitative&quot;,&quot;description&quot;:&quot;Includes on-site security, cameras, and patrols&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Multiple Events&quot;,&quot;description&quot;:&quot;Regular events like holiday promotions and Santa photos&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Estimated participation in mall loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Digital signage throughout the mall for promotions&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;3.0&quot;,&quot;description&quot;:&quot;Annual projected growth in foot traffic with mixed-use developments&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing Qualitative&quot;,&quot;description&quot;:&quot;Plans for new tenants including entertainment and residential&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Expansion to include 266 apartments and mixed-use on parking lot&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&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;:0.0,&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;secondary&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;:8.51,&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;:7.09,&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;outside&quot;:[{&quot;id&quot;:7820,&quot;slug&quot;:&quot;jacksonville-international-airport&quot;,&quot;name&quot;:&quot;Jacksonville International Airport&quot;,&quot;lat&quot;:&quot;30.4943308&quot;,&quot;lng&quot;:&quot;-81.6871497&quot;,&quot;property_type&quot;:&quot;Transport Hub&quot;,&quot;description&quot;:&quot;Jacksonville International Airport (JAX) serves as the primary commercial airport for Northeast Florida, handling over 7.6 million passengers in 2024, marking a record and positioning it as the second fastest-growing U.S. airport by passenger traffic growth. Located 13 miles north of downtown Jacksonville, it features two main terminals with retail and dining concessions spread across pre-security and post-security areas. The tenant mix emphasizes a blend of national chains and local Jacksonville-themed outlets, including recent additions like Southern Grounds Coffee House and Angie&#39;s Subs, with upcoming expansions in the new Concourse B opening by late 2026. This expansion will introduce quick-service restaurants such as Chick-fil-A, Panda Express, V Pizza, and Willie Jewell&#39;s Bar-B-Q, alongside retail shops like Beaches @ Jax, Postcards from Jacksonville, Seven Bridges Marketplace, and Five Points General Store, focusing on local souvenirs, apparel, and convenience items. Occupancy remains high due to steady passenger growth driven by leisure travel to beaches, business from the ports and military bases, and improved air service. Leasing advantages include access to a captive audience with dwell times averaging 1-2 hours, percentage rent structures tied to sales, and 15-year lease terms for stability. However, market saturation in food and beverage categories and competition from nearby urban retail could impact performance. Accessibility via I-95 and airport shuttles supports footfall, but aging infrastructure in existing concourses poses maintenance risks. Overall, JAX offers solid potential for retailers targeting travelers, with projected passenger increases supporting revenue, though economic fluctuations in tourism may affect spending levels.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jacksonville&quot;},&quot;anchor_tenants&quot;:&quot;Starbucks,PGA Tour Grill,BurgerFi&quot;,&quot;distance&quot;:36.75,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;15&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;Starbucks,PGA Tour Grill,BurgerFi&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;:15.4,&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;:15.4,&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/the-avenues" id="mall-map-wrapper"><div data-city="Jacksonville" data-current-mall="true" data-id="the-avenues" data-lat="30.184439" data-lng="-81.554024" data-map-target="mall" data-name="The Avenues" 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">50 Square Miles</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">200 Square Miles</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">750,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">2.5</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">$66,981 USD</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">4.2</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">92 Index</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">$12,500 USD</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">$1,800 USD</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">$5,200 USD</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">$1,100 USD</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">12,000,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">90 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">$6,500 USD</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">150 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Boolean</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">3 Malls</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Qualitative</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">360,000 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">2 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">$350 USD</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">10.0</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 Qualitative</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Good Qualitative</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">5,000 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High Qualitative</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 Qualitative</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">40.0</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 Qualitative</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Advanced Qualitative</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">Multiple Events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">30.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Boolean</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">3.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing Qualitative</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Yes Boolean</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>