realestate

Regency Square Mall changes hands after 6-year pursuit by real estate company

Jacksonville City Councilman Ken Amaro calls mall sale "well overdue."

A
new chapter unfolds for Regency Square Mall, a Jacksonville landmark that's been the subject of community frustration. After six years of pursuit, Backwater Development has finally acquired the property, sparking hope for revitalization in the Arlington area.

    Councilman Ken Amaro sees this as a long-overdue opportunity for growth and transformation. "The mall had become a source of complaints," he acknowledged, citing issues with malfunctioning air conditioning units that his office addressed last summer. This experience only reinforced his conviction that the sale was necessary.

    Amaro views the new ownership as a chance to create a thriving community where residents can live, work, and play together. He envisions Blackwater Development cultivating a vibrant neighborhood with diverse businesses, housing options, and shared spaces that reflect the needs and aspirations of the area's residents. As the council member for this district, Amaro is eager to see these plans come to life, promising a prosperous future for generations to come.

Regency Square Mall sold to real estate company after 6-year acquisition pursuit.