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Daily Record Financial News &

35¢

Thursday, January 11, 2018

Vol. 105, No. 039 • One Section

www.jaxdailyrecord.com

USA Quartz buys Imeson warehouse Company received city incentives to bring 70 jobs to facility by 2020.

Boca Raton-based USA Quartz LLC paid $1.8 million for property at 10 Van Dyck Road where it plans to make quartz slabs for commercial and residential customers. S&K Investments of Champaign, based in Illinois, sold the 7.39-acre site, which it bought in November 2017 from General Electric Co. for $1.8 million. G E b u i l t t h e a l m os t 62,000-square-foot plant in 1972

in Imeson International Industrial Park. The city approved incentives for USA Quartz to bring 70 jobs to North Jacksonville by Dec. 31, 2020, at an average annual salary of $49,920. The facility also will serve as a regional headquarters. The jobs would include IT and finance positions and generate an annual payroll of $3.49 million in what the project summary defines as

a “state-designated high crime area.” A performance schedule calls for USA Quartz LLC to create 30 jobs by year-end 2018, another 20 by year-end 2019 and the remaining 20 by year-end 2020. In addition to buying the nearly 63,000-square-foot building, USA Quartz estimates it will spend $5.6 million on renovations and the purchase of manufacturing equipment.

The city and state will provide a Qualified Targeted Industry Tax Refund grant up to $210,000, or $3,000 for each new job. The city would be responsible for 20 percent of the award, at $42,000, with the state paying for the remaining $168,000, which is 80 percent of the incentive. The QTI award would be payable after the jobs are created and Mathis

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Lilly Pulitzer is coming to St. Johns Town Center

Cathedral District property takes step toward redevelopment

Plans show retailer going into space near Nordstrom By Karen Brune Mathis Editor Lilly Pulitzer intends to open at St. Johns Town Center near Nordstrom, according to plans filed with the city. The retailer, based in King of Prussia, Pennsylvania, has about 60 company stores in 20 states and the District of Columbia, including 16 locations in Florida. The closest to Jacksonville are in Orlando and Lake Buena Vista. An email to Lilly Pulitzer’s media address was not returned. Simon Property Group, the landlord, said it had no comment. The retailer’s website shows Lilly Pulitzer Department Stores within Dillard’s and Nordstrom at Town Center, Belk at The Avenues mall and at The Ritz-Carlton, Amelia Island. Lilly Pulitzer is known for its brightly colored and patterned Lilly Pulitzer

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Photo by Monty Zickuhr

The former Community Connections building at 325 E. Duval St. could be redeveloped into apartments.

City Council OKs legislation to subordinate two loans on property that was once home to the nonprofit Community Connections.

By David Cawton Staff Writer After more than a year of navigating local and state agencies, a Jacksonville nonprofit is a significant step closer to purchasing Downtown Cathedral District property, saving it from foreclosure and launching a proposed housing development.

City Council members voted 18-1 Tuesday to approve emergency legislation, Ordinance 2017-849, allowing the city to subordinate two loans on the former Community Connections building at 325 E. Duval St., once the home of the YWCA. The city holds liens on the property. Special to the Daily Record

Cathederal

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The Lilly Pulizer store in Birmingham, Alabama.

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The Cawton Report: Confederate monuments targeted House Rep. Jay Fant introduces bill to keep local officials from moving them. Public

legal notices begin on page

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