Capitol Eyes Spring Start for Mayfield Commerce

MIDDLEBURG, FL-Jacksonville-based Capitol Development International will begin development in the spring on Mayfield Commerce Center. The 14-acre mixed development will rise at the intersection of Blanding Boulevard and Old Jennings Road. The project will include one- to two-acre parcels suitable for the development of office, industrial, business, hotel and retail space.

Capitol Development International managing partner Jim Brady tells GlobeSt.com that the project is a land development project, whereby Capitol will construct the roads and infrastructure on the site and then either sell individual parcels or develop them as build-to-suit projects. The site is currently divided into nine parcels, although parcels may be combined to accommodate larger projects. Prices for the parcels range from $435,000 to $1.5 million. “We have very broad zoning on this site so it could accommodate a range of uses,” Brady says.

Colliers Dickenson broker Jason Ryals is handling the leasing for the project. Among the types of tenants that have expressed interest in the site include restaurants and paint companies. “We’re currently in negotiations with three potential buyers,” Brady says.