Daily Record Financial News &
Tuesday, January 23, 2018
Vol. 105, No. 047 • One Section
35¢ www.jaxdailyrecord.com
Reimagined Target store coming to Southside Square File image
Eugene Profit is working to transform the Life of The South building at 100 W. Bay St. Downtown into a Hotel Indigo.
Hotel Indigo ‘perfect fit’ for building, owner says TARGET’S NEW CONCEPTS The Nicollet Mall Target store in Minneapolis features some of the retailer’s new design elements:
By David Cawton Staff Writer
Photo by Karen Brune Mathis
The Target store at 9041 Southside Blvd. is slated for renovation as part of the Minneapolis-based chain’s systemwide remodeling.
Retailer’s $1.1 million renovation will add digital experiences, new design elements.
Target at Southside Square will be one of the more than 1,000 stores the Minneapolis-based chain will update and renovate by 2020. “The reimagined stores will feature Target’s most ambitious store redesign to date, featuring modernized design elements and bringing more technology and digital experiences to our store to give guests an experience that’s easy and inspiring,” said spokeswoman Liz Hancock in an email. Hancock said Target remodeled 110 stores in 2017 and plans to renovate more than 325 loca-
tions in 2018, including some in Florida. She did not say whether other Jacksonville area Target stores will be remodeled and she did not have a time frame for the Southside Square project. “Once the remodel is underway, we can provide more information on remodel scope and timing,” she said. A building permit is pending for the job. No contractor is listed for the $1.1 million project, referred to as the 2018 remodel. Cuhaci & Peterson Architects Engineers Planners is the architect. Exterior façade renovations also are planned to the 115,231-squarefoot store at 9041 Southside Blvd. Corporate.target.com reports it Mathis
continued on
Eugene Profit, a former NFL player, bought property in 2013.
Grab-and-go
The food and beverage department was moved to the front of the store for easier customer access. The redesign features a market of fresh produce and grab-and-go items. Target said items are crossmerchandised so customers can pull together meals.
Modern design
The downtown Minneapolis store features a more modern design, with concrete floors, wood-plank walls, LED lighting and elevated product displays.
Page 2
The Life of The South building owner said he sought out Hotel Indigo for the seven-story building at 100 W. Bay St. “We felt like it was the perfect fit, given the size of that building,” said Profit Eugene Profit. The 55-year-old, 79,000square-foot building is set to become a 90-room boutique hotel with a rooftop restaurant and bar. Profit, a former NFL player whose investment business is based in Bethesda, Maryland, said last week he believes the Hotel Indigo brand could thrive Downtown. It was one of five Downtown projects that earned conceptual approval Thursday from the Downtown Development Review Board. Hotel Indigo is operated by Profit
continued on
Page 16
City’s second Costco Wholesale is planned to open Feb. 8 Store is on Parramore Road at Collins and Interstate 295. From Staff There’s been debate about which set of customers is most anticipating the opening of Costco Wholesale in Southwest Jacksonville — those in that part of town looking forward to having one closer to home or those living nearer the always-crowded Costco near St. Johns Town Cen-
Public
ter hoping to find a parking space more easily. The debate might be solved when the new store opens in a little more than two weeks. Costco Wholesale Corp. reports on its website it will open Feb. 8 at 7935 Parramore Road, at Collins Road and Interstate 295. Issaquah, Washington-based Costco opened its first Jacksonville location 23 miles away, near St. Johns Town Center on the Southside, in 2000. The city approved construcCostco
continued on
legal notices begin on page
7
Page 3
Photo by Monty Zickuhr
The Parramore Road Costco is surrounded by parking lots and features a gas station. Plans filed in 2016 showed 655 parking spaces.
Published
for
27,367
consecutive business days