Fort Lauderdale's Stiles Zeroes in on Jacksonville

ORLANDO-Clearly making its mark as a first-tier regional retail developer, Fort Lauderdale, FL-based Stiles Corp. is focusing on north Florida as the 52-year-old family-founded and family-operated company prepares to start two community centers with Jacksonville, FL associate Hallmark Partners.

Stiles Retail Group and developer Jeffrey Conn’s Hallmark team plan to break ground in September on their second Jacksonville community retail project, the $8 million, 67,521-sf Deerwood Lake Commons at the southwest corner of Southside Boulevard and Touchton Road. The project is being built at $118 per sf and is expected to open in July 2003.

Hallmark-Stiles Ventures also has started St. Johns Commons, a 71,352-sf community center with an estimated construction cost of $5.35 million or about $75 per sf. The retail center is expected to open in first quarter 2003.