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Post by Chuck McCue on Oct 14, 2022 9:39:29 GMT -5
The seahorse hotel and Lemon Bar have sold to a investment group owned by professional football team owner Kahn. Planned use for the area after demo of the hotel and bar will be a boutique oceanfront hotel, restaurant, parking and other "public amenities". Rumored selling price was $40 million dollars. From the City of Neptune Beach: City of Neptune Beach City Manager Comment: Quote from seller: “This is a bittersweet day for our family. We poured much of our heart and soul into the Seahorse Oceanfront Inn over the past many years, and we’ve certainly enjoyed the journey knowing the properties have meant so much to the Jacksonville community. Now it’s time to pass the torch, and we’re really happy to see these properties going into the right hands with Shad Khan and Iguana Investments. I have no doubt they will do the right thing for the viability and success of the property well into the future.” Quote from buyer: “I have great faith in the future of Jacksonville, from downtown to the beaches and all the neighborhoods in between. I’ve always appreciated the unique vibe of the Beaches Town Center community and it means a lot to me to play a small role in the community’s continued growth, just as we are with the development of Jacksonville’s downtown riverfront. None of this would be possible without the faith of Kathy Cole and her children Will and Emma. They’ve all been instrumental in bringing life to Neptune Beach, and I thank them for their confidence in the ability of our Iguana group to help realize their goals and a promising future for our entire region.”
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