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by David Bauerlein

Jacksonville, FL - Before the recession hit, the grand opening of St. Johns Town Center in 2005 signified the boom times — a sparkling new mall that brought a raft of luxury stores to the region.

Coming out of the downturn, St. Johns Town Center again is at the forefront of a modest retail rebound in a Northeast Florida market that is – in the words of one shopping developer — in a “wierd” state, perched on the brink of more robust recovery.

St. Johns Town Center, located at the junction of Interstate 295 and Butler Boulevard on Jacksonville’s Southside, doesn’t release figures on sales at its stores.

But figures for sales tax collection in the 32246 ZIP code that contains the mall and neighboring shopping complexes show healthy sales growth in the past two years. Sales tax collections totaled $73.7 million in 2011 for that ZIP code, a 17 percent increase from 2009.

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