A 100-year-old industrial warehouse space in Springfield is ready to be redesigned into a mixed-use space. The development came after Price Real Estate Services, LLC, recently acquired the century-old Duval Laundry site. In its fourth generation, the Jacksonville-based, family‑owned boutique firm has already begun the renovation.
Highlights
- The Springfield-based Duval Laundry site is under construction for redevelopment. Plans are underway for a mixed-use space.
- Price Real Estate Services, LLC, recently acquired the 100-year-old building. It is based in the Jacksonville neighborhood.
- The real estate brokerage firm expects the redevelopment’s first phase to be completed in a month.
Renovation of the Century-Old Springfield Property
An aerial view of the Duval Laundry site (Source: presjax.com)
Duval Laundry has been a popular site in the Jacksonville neighborhood for 100 years. The industrial site is ready for renewal by Price Real Estate Services, LLC, after decades.
Ben Price, a member of the fourth-generation boutique firm, found the Springfield property listed on Facebook Marketplace. It closed in April for $750,000. The industrial site’s 40,000 sq. ft. area and surrounding space have been cleared of items by old tenants. This included the removal of old laundry machinery and abandoned vehicles. Underground petroleum tanks are being removed as part of the site remediation.
Price Real Estate Services, LLC, Plans To Develop a Mixed-Use Space
Price revealed that the real estate brokerage firm intends to turn the old industrial site into a mixed-use establishment. This would include retail and commercial spaces, similar to Tampa-based Armature Works. With this, the revamped Duval Laundry site would allow 10-20 vendor stalls spread across the area…