Florida Record
St. Johns County
Medium PriorityDevelopmentopen

Warehouse build-out at 3440 Agricultural Center Drive

Summary

Platform Real Estate Group could get up to $969,206 back in fees and taxes for a 246,000-square-foot warehouse — the county estimates a 193% return over 20 years, but critics called it a tax holiday for unknown out-of-state owners. Final agreement comes back later.

At a glance

Total mentions
2
Last 30 days
0

Discussed at 1 meeting in the last 60 days; most recently Oct 6, 2026.

Impact analysis

💰Financial impact

Up to $969,205.66 in rebates against a projected $2.3 million return and 193% ROI over 20 years.

✅Who benefits

The developer gets fee and tax rebates; the county projects long-term net revenue gains.

⚠️Who could be affected

Critics say taxpayers effectively subsidize out-of-state speculative developers without full ownership transparency.

Mentions & discussions (2)

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