Jacksonville, FL brokers tell GlobeSt.com the 40-acre Jacoby development site is on the west side of State Road A1A, adjacent to Marineland.

Besides the new commercial development, Jacoby plans start construction in September on a new dolphin lagoon complex where Marineland visitors would be allowed to feed the wildlife, pet the dolphins, scuba dive and snorkel in the five-acre, 450,000-gallon oceanarium structure that gained world-wide attention when it opened in 1938.

For Jacoby, a longtime Atlanta area developer, taking on the new challenge is just another task on his things-to-complete laundry list. He and the American International Group of New York are building the $2 billion, 138-acre, mixed-use Atlantic Station in Midtown Atlanta. In suburban Orlando, Jacoby and Michael B. Vlass, another Atlanta developer, plan to build the $150 million, one-million-sf Altamonte Town Center in Altamonte Springs, FL.