Conceptually, the St. Johns’ Harbour project, as approved had, few attributes. Fortunately, the project did have significant exposure to I-95 and the granted approvals preceded the implementation of the 1985 Growth Management Act/Concurrency in St. Johns County, which implied the project would be vested from this yet to be implemented law. Finding a way to capitalize on these two project “attributes” was going to be the key to meeting the investor’s goals and objectives.
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