Jacksonville, Florida, December 5, 2025
The retail landscape in Northeast Florida is undergoing extensive changes, with new grocery stores, shopping center redevelopments, and positive housing market trends. Harris Teeter plans its first Florida store at Atlantic North Shopping Center, while Publix expands in St. Johns County. Blackwater Development aims to transform the aging Regency Square Mall into a mixed-use space. The housing market shows signs of balance, with increased prices and improved affordability. Overall, Jacksonville’s retail sector continues to thrive, showcasing strong performance and high tenant demand.
Jacksonville, Florida – Retail Expansion and Redevelopment in Northeast Florida
Jacksonville, Florida – The retail landscape in Northeast Florida is experiencing significant growth and transformation, with major developments in grocery stores, shopping centers, and housing markets.
New Grocery Store Openings
Harris Teeter has announced plans to open its first ground-up store in Florida at the Atlantic North Shopping Center in Jacksonville. The 61,000-square-foot store will feature a fresh market, pharmacy, and fuel center. Construction is set to begin in spring 2026, with the store expected to hire 100-200 employees. This expansion aims to meet the growing demand in Northeast Florida’s rapidly expanding neighborhoods.
Publix is also expanding its presence in St. Johns County by planning a large supermarket in the Silverleaf community. This development is part of the county’s efforts to accommodate the needs of its growing population and provide residents with convenient access to essential services.
Shopping Center Redevelopments
Blackwater Development has acquired the 58-year-old Regency Square Mall property on Arlington Expressway. The developer plans to transform the site into a mixed-use development, including residential units, retail spaces, and community amenities. This project signifies a significant step in revitalizing the area and meeting the evolving needs of the community.
Housing Market Trends
The housing market in Northeast Florida is showing signs of increased balance. In April 2025, the median sales price for single-family homes rose by 2.9% to $389,000, while the Home Affordability Index decreased by 2.9% to a score of 67. These trends indicate a move toward a more balanced market, offering opportunities for both buyers and sellers.
Retail Sector Performance
The retail sector in Jacksonville has demonstrated strong performance, marked by low vacancy rates and high tenant demand. High-growth areas such as World Golf Village, Beachwalk, Wildlight, and urban markets like St. Johns Town Center and River City Marketplace have experienced significant retail activity. This trend reflects the region’s economic vitality and the attractiveness of its commercial real estate market.
Recent Retail Transactions
Franklin Street facilitated the sale of a six-property retail portfolio in Jacksonville for $86.3 million. The portfolio includes properties like Carrie Plaza, Deerwood Station, and Oakleaf Crossing. This transaction highlights the ongoing investment and interest in Jacksonville’s retail real estate market.
Conclusion
The retail and housing sectors in Northeast Florida are experiencing dynamic growth and redevelopment. With new grocery stores, shopping center revitalizations, and a more balanced housing market, the region is poised for continued economic development and improved quality of life for its residents.
Frequently Asked Questions (FAQ)
What is the significance of Harris Teeter’s new store in Jacksonville?
Harris Teeter’s new store in Jacksonville marks the company’s first ground-up store in Florida, featuring a fresh market, pharmacy, and fuel center. Construction is set to begin in spring 2026, with the store expected to hire 100-200 employees.
What are the plans for the Regency Square Mall property?
Blackwater Development has acquired the 58-year-old Regency Square Mall property and plans to redevelop it into a mixed-use development, including residential units, retail spaces, and community amenities.
How is the housing market in Northeast Florida trending?
The housing market in Northeast Florida is becoming more balanced, with the median sales price for single-family homes rising by 2.9% to $389,000 in April 2025. The Home Affordability Index decreased by 2.9% to a score of 67, indicating a move toward a more balanced market.
What recent retail transactions have occurred in Jacksonville?
Franklin Street facilitated the sale of a six-property retail portfolio in Jacksonville for $86.3 million. The portfolio includes properties like Carrie Plaza, Deerwood Station, and Oakleaf Crossing.
What is the current state of the retail sector in Jacksonville?
The retail sector in Jacksonville is performing strongly, with low vacancy rates and high tenant demand. High-growth areas such as World Golf Village, Beachwalk, Wildlight, and urban markets like St. Johns Town Center and River City Marketplace have experienced significant retail activity.
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Key Features of Retail Developments in Northeast Florida
| Feature | Description |
|---|---|
| Harris Teeter Store | First ground-up store in Florida, featuring a fresh market, pharmacy, and fuel center. Construction begins in spring 2026. |
| Publix Supermarket | Large supermarket planned in the Silverleaf community in St. Johns County to serve the growing population. |
| Regency Square Mall Redevelopment | Acquisition by Blackwater Development to transform the 58-year-old mall into a mixed-use development with residential units and retail spaces. |
| Housing Market Trends | Median sales price for single-family homes rose by 2.9% to $389,000 in April 2025, indicating a more balanced market. |
| Retail Sector Performance | Strong performance with low vacancy rates and high tenant demand in areas like World Golf Village, Beachwalk, and urban markets such as St. Johns Town Center and River City Marketplace. |
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Author: STAFF HERE JACKSONVILLE WRITER
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