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March 12-18, 2020
Former Winn-Dixie executive leaves The Fresh Market PAGE 10
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JACKSONVILLE
Record & Observer City Council clears job incentives for Project Graph
COMMERCIAL DEVELOPMENT OUTLOOK JACKSONVILLE
FACING UNCERTAINTY Record & Observer JACKSONVILLE
Record & Observer
The unidentified medical software company says it will create 115 full-time jobs in Jacksonville.
What experts are saying
BY MIKE MENDENHALL STAFF WRITER
INDUSTRIAL MARKET
JACKSONVILLE
“While construction starts are expected to subside, strong market fundamentals will continue to attract capital to the area.” JLL
City Council approved taxpayer-backed incentives March 10 for code-named Project Graph to expand the company’s existing Jacksonville medical software design operation and create a regional headquarters. Council voted 17-0 to approve Resolution 2020-0138 that includes incentives from the state’s Qualified Target Industry Tax Refund program to create 115 full-time jobs. The company asks for $690,000 in incentives from the state and city. A city Office of Economic Development project summary says the company will receive a $6,000 refund per job. The state will pay 80%, or $552,000, of the total incentive and the city will offer 20%, or $138,000. It would create the jobs by yearend 2022 at an average annual wage of $71,663, generating a payroll of $8.2 million before benefits. The company plans to invest $2.15 million in real estate improvements, information technology equipment, furniture and fixtures. No site was identified. A city legislative fact sheet says the company is considering other cities for its proposed expansion and the incentives are a material factor in its decision.
Record & Observer MULTIFAMILY MARKET
“Factors such as strong population growth, employment growth and rising median income levels continue to drive demand.” Colliers International OFFICE MARKET “The tight labor market showed that the area remained a job generator which will have a positive impact on office demand.” Cushman & Wakefield DOWNTOWN “Jacksonville’s urban core continues to evolve with several transformational projects proposed for future development.” Avison Young
Photo by Monty Zickuhr
Chance Partners is developing the 486-unit San Marco Crossing community on 8.89 acres on two blocks bounded by Olevia Street, Mitchell Avenue, Philips Highway and Perry Place. The first phase of the $69.2 million project is set to be completed by year-end 2020.
Elections, the economic cycle and the virus raise questions. BY KAREN BRUNE MATHIS EDITOR
J
acksonville’s record-low unemployment rate and ongoing job and population growth continue to engender confidence among area commercial real estate brokers. “Business development and an already sound economic environment are anticipated to strengthen,” said CBRE. National conditions raise questions. “Forecasts for 2020 anticipate moderate but steady growth, with focus on the 2020 Presidential election,” said NAI Hallmark. The area’s major commercial brokerage firms reported fourth-quarter market conditions that indicate confidence in Jacksonville’s long-term growth but also the expectation of some slowing in 2020. “Most likely, an election year coupled with a cooling economic cycle is likely to have some impact on leasing and invest-
ment activity though the precise extent is undetermined,” reported JLL. Still, the economic cycle is historic. “After closing with a record 126 straight months of economic expansion, the 2010s marked the first time in modern American history an entire decade was void of recession,” wrote NAI Hallmark Managing Partners Christian Harden and Keith Goldfaden. The reports preceded the coronavirus outbreak, Harden which has been roiling the stock market. “It’s too early to determine the impact on demand,” Harden said March 10. “While we haven’t seen any ‘irrational exuberance’ in decision-making over the past year, a public health crisis is sure to slow down growth.”
MORE FROM THE MARKET REPORTS, PAGE 8
NAIOP honors 2019 award winners PAGE 2 Mendenhall Report: Council bill targets authority perks PAGE 3 Sailer Report: Sebastian Inland Harbor seeks changes PAGE 15
MMENDENHALL@ JAXDAILYRECORD.COM @MIMENDENHALL (904) 356-2466
BUSINESS STRATEGY
Why Bread and Board is a Downtown pioneer The food hall focuses on community. PAGE 6 VOLUME 2, NO. 41 • ONE SECTION
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THURSDAY, MARCH 12, 2020
WHAT’S TRENDING
Big news doesn’t break just on Thursday. Here’s a look at some of the top stories published over the past week online at JaxDailyRecord.com and in the Jacksonville Daily Record that you may have missed.
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Daily Record JACKSONVILLE
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Jacksonville Daily Record and Jacksonville Record & Observer are a division of Observer Media Group Inc. Woody Huband/NAIOP Commercial Real Estate Development Association
COMMERCIAL REAL ESTATE AWARDS NAIOP honors 2019 performers The NAIOP Commercial Real Estate Development Association Northeast Florida Chapter presented its 2019 awards March 5. Recipients (above), from left: Michael Brown, Micamy Design Studio director of operations: design of the year for Clay Theatre Event Venue. Hobart Joost Jr., retired principal, Colliers International: Lifetime Achievement Award. Luke Pope, JLL executive vice president, three honors: industrial broker of the year; industrial lease of the year (W.W. Grainger Inc., Crossroads Distribution Center); industrial sale of the year (Cra-Z-Art, Imeson Park Building C). Matt Teele, Brasfield & Gorrie LLC senior project manager, two honors: construction project of more than $5 million (Web.com) and construction project of less than $5 million, (SoFi). Karen Brune Mathis, Jacksonville Daily Record and Jacksonville Record & Observer editor: Jesse B. Smith Community Service Award. Will Moor, Brasfield & Gorrie LLC project manager, two honors: construction project of more than $5 million (Web.com) and construction project of less than $5 million (SoFi). Debbie Buckland, Truist Jacksonville market president and former chair and Downtown Vision Inc. board member and past chair of JAX
Chamber: The Klechak Award, presented by the Downtown Investment Authority, Oliver Barakat, CBRE senior vice president: office broker of the year. Peter Anderson, vice president, Pattillo Industrial Real Estate: developer/owner of the year. David Hillegas, director, Cushman & Wakefield: office lease of the year (Beeline). Marc Munago, VanTrust vice president of development: industrial sale of the year (Cra-Z-Art, Imeson Park Building C). Jacob and (behind him) Donyia Sameck: Tenant Contractors owners: chapter merit award. Allison Brown, KI sales representative: developing leader of the year. Wade Powers, Colliers International Northeast Florida senior associate: land sale of the year, Skinner Parkway, Jacksonville Transportation Authority. Victor Hughes, Touchton Property Partners managing partner and Vanderbilt Office Properties partner: office sale of the year, Deerwood Park portfolio. Kevin Reilly, Danis Construction senior project manager: renovation project of the year, the Barnett Building. Trey Wilson, Driver, McAfee, Hawthorne & Diebenow partner: distinguished service award.
Established in 1912, the Financial News & Daily Record, now the Jacksonville Daily Record, is published Monday-Friday and is the Official Court Newspaper of the Circuit JACKSONVILLE Court and publisher of public notices in Duval County. Jacksonville Record & Observer is a free weekly business newspaper available in Downtown Jacksonville and key business nodes throughout Jacksonville. To find a location near you, visit jaxdailyrecord.com/rack-locations. Editorial content focuses on news and trends, with a concentration on development, real estate, construction, law, companies, economic and industry trends and how local and state government affects business.
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THURSDAY, MARCH 12, 2020
MIKE MENDENHALL STAFF WRITER
Council members are pushing bills that urge limits to independent authority executive perks. City Council member Ron Salem introduced legislation March 10 urging some of the city’s independent authorities to limit executive contracts only to CEOs. Resolution 2020-0193 is nonbinding, but Salem said it lets officials at JEA, the Jacksonville Salem Port Authority, Jacksonville Aviation Authority and Jacksonville Transportation Authority know the Council’s position on contracts that include long lists of incentives and perks for authority executives. “I’m of the belief that having the CEO under an employment contract for continuity and
stability is appropriate,” Salem said. “Beyond the CEO, it’s unnecessary and not right for the city of Jacksonville.” It’s the latest reform bill filed in response to JEA’s failed push to sell the city’s utility. Salem worked with the Council Auditor’s Office to examine all executive contracts at the four authorities. They found that outside of JEA, a JTA vice president is the only official to hold an executive contract other than the CEO. The JEA board approved 13 executive contracts July 23 and the Invitation to Negotiate a sale to private companies. The board fired former JEA CEO Aaron Zahn for cause Jan. 28, and interim CEO Melissa Dykes fired former CFO Ryan Wannemacher via email Dec. 27. Outgoing JEA board Chair April Green and Carla Miller, city Ethics Compliance and Oversight Office director, sent a joint letter Jan. 9 to Dykes asking all 11 remaining utility executives to voluntarily cancel their employment and separation agreements. When Council member DeFoor Randy DeFoor asked JEA Vice President of Energy and Water Planning Steve McInall under oath at a March 9 hearing who negotiated his executive contract, McInall
said it was never discussed. “It pretty much appeared after the (July 23) board meeting,” he said. Despite the letter from Miller and Green, McInall said he has not been asked to give up his contract. Salem’s bill excludes the Downtown Investment Authority and the Jacksonville Housing Finance Authority, which contract only with their CEOs.
Other reforms The most sweeping proposed change to JEA since the utility ended the sale process Dec. 24 is the balance of power in who appoints JEA’s sevenmember board of directors. Council member Garrett Dennis wants to split the appointment power between Council and the mayor. That would require a voter referendum to amend the city charter. Ordinance 2020-0100 asks Duval County voters to allow Council to appoint four JEA board members, including one person recommended by JEA employee groups. The mayor would appoint three board members. The mayor appoints and Council confirms all JEA board members under existing charter language. The Council Rules Committee approved the bill 7-0 on Feb. 11 but the Finance Committee deferred it. District 13 Council member Rory Diamond, who chairs the
Council’s Special Investigatory Committee into JEA, has two active bills to strengthen Council oversight of the independent authorities. The independent Council Auditor’s Office, and the city Office of Inspector General and Office of Ethics, Compliance and Oversight provide watchdog functions for city government. Ordinance 2020-0040 amends the charter, requiring independent authorities to respond to the Council Auditor within 48 hours of receiving a request. For large data and records requests, the bill will Diamond require a timeframe for submitting the information. Diamond said in January the legislation rectifies JEA’s failure to respond to emails from Council Auditor Kyle Billy and his staff as they investigated the utility’s now-canceled Long-Term Performance Unit Plan. Billy’s office found the incentive program for JEA employees would have cost the city more than $600 million if JEA had been sold. Diamond hopes the legislation will give the Council Auditor “more teeth to force compliance to the office’s requests.” A companion bill, Resolution 2020-0123, advises indepen-
dent authorities to draft a policy for responding to Council Auditor requests. Council approved the bill March 10 in a 17-0 vote.
Future charter changes Other JEA charter changes likely will come from Council member Michael Boylan’s Future of JEA Committee. Salem and Council member LeAnna Cumber advocate that any JEA-related charter change requiring a voter referendum be vetted by Boylan’s committee and later compiled into one omnibus bill for Council consideration. Salem wants more Council oversight in JEA’s short-term incentive program for nonunion employees, including the utility’s executive team. The program gives JEA officials an annual bonus ranging from 6% to 12% of the employee’s annual salary. According to Salem, the plan began in 1990 and is approved as part of JEA’s annual budget. Salem wants to amend the charter so the short-term incentive must be approved by the JEA board and Council in legislation separate from the annual budget.
THE MENDENHALL REPORT
Legislation aims at reining in JEA
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MMENDENHALL@ JAXDAILYRECORD.COM @MIMENDENHALL (904) 356-2466
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THURSDAY, MARCH 12, 2020
JaxDailyRecord.com
THE MATHIS REPORT
Arlington FBI building targeted for 118 apartments
KAREN BRUNE MATHIS EDITOR
Sanford owner wants to create one- and two-bedroom units and resident amenities along the expressway. If walls could talk. A developer filed plans to convert the former Federal Bureau of Investigation building in Arlington into 118 apartments. The FBI leased the six-story, 94,000-square-foot building for the Jacksonville field office until the bureau moved in 2009 to a government-owned structure at 6061 Gate Parkway. Developers built the 7820 Arlington Expressway building in 1975. It sat largely vacant since the FBI relocated. The city calculated no mobility fee for converting the structure into 70 one-bedroom and 48 two-bedroom units. Plans show a gym, recreation areas, amenities and a courtyard area. The city credited the mobility count to the prior use as a
File image
The Class C former FBI building along the Arlington Expressway is slated for apartments.
government office building. Documents show Marc Kozman of Kozman Realty Inc. in Sanford as the property owner. Joe Loretta of Halff Associates is the agent.
Kozman has not responded to requests for comment. Work began about year-end. The city approved interior demolition of the building in November.
The permit allowed All American Debris & Wrecking LLC to gut the interior and remove some of the exterior elements at a cost of $275,000. The permit listed the proposed
use as storage. Kozman Realty Inc. paid $1.2 million for the vacant building, according to a deed executed Sept. 26. Kozman provided an address in Canada.
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JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER
Kozman soon sought the demolition permit. Miami-based Bnei Zipora Inc. sold the property to Kozman Realty, which is led by Kozman and Barthina Kozman. A quitclaim deed shows the Miami group acquired the 4.8-acre property in 2017 for $250,000. The LoopNet.com commercial real estate site said the Class C office building has been vandalized and without power. Some windows are shattered. The real estate website said the building could be useful to “a savvy valueadd investor” who would recognize it has a better use or could be held for development.
Coastal Moving & Storage, MCI to South Imeson Industrial Park
South Imeson Industrial Park in West Jacksonville is gaining two projects. n Coastal Moving & Storage Jax LLC intends to build a 41,200-square-foot project at 2625 Imeson Road on 5.63 acres. Haskew Company Inc. is the contractor for the $2.2 million project, according to a building-permit application. The city issued a sign permit Feb. 28 for Coastal Moving & Storage at the address. Nine Enterprises Inc. is the contractor for the $7,200 project. The city issued a concurrency reservation certificate Jan. 28. Coastal Moving & Storage paid $295,360 for the property in March in a purchase from Imeson Holdings Ltd. Coastal Moving & Storage is based in Savannah. n M.C.I. Express Inc. wants to
develop a 15,300-square-foot building on 13.85 acres at 2885 Imeson Road. The city calculated a mobility fee of $18,993 for the project. M.C.I. Express Inc. paid $939,845 for the property April 12. It bought the land from Imeson Holdings LLC. M.C.I. Express granted the deed May 1 to Twin V Enterprise Inc., owned by M.C.I.’s leadership. M.C.I. Express is based in Medley in South Florida. It says it operates in the niche as an expediter or specialized carrier “moving predominantly service sensitive freight in state-of-the art dry vans or reefers, for frozen and chilled commodities. It has developed a growing customer base that requires prompt reliable service when time is of the essence.” That includes hauling sale merchandise, dated materials and goods that are due for on-time deliveries to meet schedules, appointments and waiting riggers. A reefer is a refrigerated trailer. South Imeson Industrial Park developer John. J. “Jack” Allen Allen said one lot of 2.17 usable acres remains available for sale or a build-tosuit. Allen is president of Imeson Inc., which is the manager of Imeson Holdings LLC. He owns Allen Land Group Inc. KMATHIS@ JAXDAILYRECORD.COM @MATHISKB (904) 356-2466
RETAIL NOTES RH at Town Center: The city issued a concurrency reservation certificate for RH, previously known as Restoration Hardware, at St. Johns Town Center. RH will build a three-story, 48,697-square-foot luxury home-furnishings store on 4.47 acres along River City Drive. It will be on what now is a parking lot behind J. Alexander’s and True Food Kitchen. RH is on parcel 2 of the Town Center’s fourth phase. England-Thims & Miller Inc. is the civil engineer.
Tamaya Market LLC to build a branch in Tamaya Market at northeast Beach and Kernan boulevards. First Florida intends to build a 2,960-square-foot office at 3280 Tamaya Blvd. The city issued a building permit March 11 at a job cost of $749,000. North Coast Construction Co. is the contractor. Harbour Retail Partners of Wrightsville Beach, North Carolina, is developing Tamaya Market.
Aldi at Durbin Crossing: JEA and St. Johns County are reviewing a service availability request and plans for Aldi to build a 19,209-squarefoot discount food market at Durbin Creek Crossing in St. Johns County. The store is planned at southwest Race Track Road and St. Johns Parkway.
Starbucks on San Jose: The St. Johns River Water Management District is reviewing plans for the proposed stand-alone Starbucks Coffee shop at 5640 San Jose Blvd. A closed Shell station will be removed for the 2,533-square-foot Starbucks that also will offer an outdoor patio. Avid Group of Orlando is the civil engineer.
Arby’s, RPM to Nassau County: JEA is reviewing a service-availability request for a 2,760-squarefoot Arby’s restaurant and a 5,820-square-foot RPM Automotive shop at Florida A1A and Chester Road in Nassau County. Gate on Dunn Avenue: The city is reviewing a permit application for Gate Petroleum to build a Gate gas station and convenience store at 4234 Dunn Ave. at a project cost of $2.2 million. No contractor is specified for the project. Gate wants to build a 6,544-square-foot store and east and west fuel canopies on the 2.11-acre site to replace an older Gate store. The city calculated a $31,738 mobility fee to mitigate the traffic impact. Heartland Dental to Oakleaf Station: The city is reviewing a permit application for Heartland Dental at 8324 Merchants Way. No contractor is listed for the $366,080 build-out of 3,328 square feet. First Florida at Tamaya: First Florida Credit Union paid $875,000 on Dec. 13 for 0.6 acres from HRP
FOOD NOTES
Starbucks to Point Meadows: JEA issued a service availability letter for Starbucks to build a coffee shop with a drive-thru at 10915 Baymeadows Road on an outparcel at Point Meadows shopping center. The site fronts Baymeadows Road next to Wendy’s. CPH Inc. is the civil engineer. Dunkin’ Donuts to Southside Quarter: The city issued a permit for Suncoast Industrial & Construction Services to build a 2,458-squarefoot building for Dunkin’ Donuts on 0.87 acres at 7005 Gate Parkway in Southside Quarter at a cost of $550,000. Popeyes to Callahan: The St. Johns River Water Management District is reviewing plans for a Popeyes Louisiana Kitchen restaurant in Callahan. Plans show a 28-seat, 2,115-square-foot restaurant on 0.93 acres at 450047 Florida 200. VRE Callahan LLC of Southlake, Texas, is the owner and developer. KimleyHorn and Associates Inc. is the civil engineer.
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THURSDAY, MARCH 12, 2020
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THURSDAY, MARCH 12, 2020
JaxDailyRecord.com
KATIE GARWOOD STAFF WRITER
Area retailers say the Downtown marketplace will boost their visibility and camaraderie. Although The Bread & Board owners Dwayne Beliakoff and Jonathan Cobbs have been in Jacksonville for just three years, relationships throughout the city helped spur their latest project – Bread & Board Provisions in VyStar Credit Union’s Downtown headquarters. It began with a conversation with VyStar President and CEO Brian Wolfburg and COO Chad Meadows, who sought a nontraditional cafeteria for the ground floor of the company’s 100 W. Bay St. building. The group met for coffee in February 2019, which turned into a several hours long lunch meeting to discuss their business philosophies. They shared an emphasis on community, leading Wolfburg and Meadows to ask if Bread & Board would be part of the project.
Beliakoff and Cobbs accepted. The result is a hybrid food hall and marketplace with seven area retailers, plus a Bread & Board location. “One of their main hopes was to help transform Downtown from daytime only and help bring the vibrancy back to Downtown,” Beliakoff said. “They were looking for something that would be open to the public, but also something that would function as a great place for their employees to dine,” he said. “There were indicators to us that Downtown Jacksonville Special to the Daily Record was about to pop again and Eight Jacksonville food and drink vendors will pioneer a marketplace at 100 W. Bay St. Brian’s conversation with us really reinforced it. It felt like will open in the Town Center ville at the same time,” Beliaa really good time to be part of mead on tap, as well as bottles area. It will offer the same koff said. that movement.” and cans to go. It will include menu Downtown along with Early last year, Beliakoff Beliakoff said he and Cobbs a mix of bar and communal more grab-and-go options, and Cobbs approached Anita had concerns that openseating. plus a hot breakfast bar and a Adams, who will run Layered: ing Downtown wouldn’t be “We’re really honored to be salad bar. Cakes & Sweets, to be part of successful, but a meeting brought on as a partner to help The market will include the marketplace. Her company, bring the full vision of this with Downtown Investment Good Dough, Alewife Craft Biscuits and Buttercream, had Authority CEO Lori Boyer project to life,” Pickard said. Beer Bottle Shop, Bee Friends been making desserts for Bread eased worries about their Beliakoff said he hopes to Farm, Layered: Cakes & Sweets & Board catering events. strategy. have Bread & Board Provisions by Anita Adams, Martin CofAlewife owner Kelly Pickard “She alleviated the sense of opened by June, or within two fee, Saturiwa Trading Company said she wasn’t looking for a risk, and there’s always risk in months of VyStar employees second location, but she found these restaurants and anything and Bark Urban Dog Boutique. moving into the building. He Those retailers are friends or it difficult to turn down the on the early side of this movehopes to have the St. John’s business associates of Beliakoff chance. ment,” Beliakoff said. Town Center North location They hope to take advantage and Cobbs. “The opportunity to be one open by mid-April. of the Targeted Food and Bev“If someone were to fly in of the members of the team Along with Downtown cuserage Program, which would for business and go Downbeing assembled for the project tomers, the marketplace will provide Bread & Board with city town, could they get a flavor if was one of the biggest draws,” draw from the 1,000 employincentives for opening within they’re not branching out to all she said. “They are all people I ees VyStar is relocating for its the designated corridor. Once the neighboring areas in the 24 know and respect. I know them headquarters at 100 W. Bay St. the build-out is complete, DIA to 48 hours they’re here? It’s to be hands-on and committed and the adjacent 76 S. Laura St. could rebate up to 50% of the not just Bread & Board. It was business owners.” cost to the restaurateur. a way to highlight the craft of Pickard said her marketplace KGARWOOD@ The Bread & Board opened JAXDAILYRECORD.COM what some of our friends are location would offer a rotat(904) 356-2466 first in Five Points and soon doing and highlight Jacksoning selection of beer, cider and
PRESENT:
Economic Outlook & Overview of CRE Influences We are excited to feature Researcher and Economist K.C. Conway as our guest speaker at the first quarterly luncheon of 2020. K.C. will provide a macroeconomic overview with a focus on Florida and Jacksonville. He will also discuss the influences, trends and disrupters that CRE professionals need to be aware of and stay in front of for continued success in the industry. Mr. Conway has spoken to us in the past and has provided some very valuable information about our market and industry. We hope you will join us for this compelling presentation. GUEST SPEAKER
Tuesday, March 31st
11:30 am - Registration & Networking 12:00 pm - Lunch served 12:30 pm - Program begins
Sheraton Jacksonville
10605 Deerwood Park Blvd. Jacksonville, FL 32256
K.C. Conway, MAI, CRE Director of Research & Corporate Engagement Alabama Center for Real Estate, Chief Economist, CCIM Institute
Registration/pay online www.naiopnefl.com/event Registration Deadline: Thursday, March 26th at Noon For more information contact Carmel Buchanan, 904/730-8075 or naiopnefl@comcast.net NAIOP Members: $35 | Non-Member/Guest: $55 VIP Table of 8: $350 for NAIOP/CCIM Members | $550 for Non-Members (Includes table signage and preferred seating)
No Cancellations will be accepted or refunds given after Thursday, March 26th at Noon.
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BUSINESS STRATEGY
Making Bread & Board Provisions a reality
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JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER
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THURSDAY, MARCH 12, 2020
BUSINESS CALENDAR To find more business events or to submit your event to the the business calendar, visit jaxdailyrecord.com/calendar. MARCH 18 Women in history: The Jacksonville Historical Society Speaker Series will present “Remarkable Women in North Florida History” with guest speaker Emily Lisska, former executive director of the society. The event is March 18 at Old St. Andrew’s Church at 317 A. Philip Randolph Blvd. Doors open at 11 a.m., lunch is available at 11:30 a.m. and the program starts at noon. Tickets with a box lunch are $15. Without the lunch, admission is free for society members and nonmembers are suggested to make a $10 donation. For registration and information, visit jaxhistory.org. MARCH 26 Cybersecurity at FSCJ: Florida State College at Jacksonville will present a free event, “Cybersecurity is Everyone’s Business: Why it Matters to You” program and workshops, March 26 as part of its Business Speaker Series. The event is scheduled 9 a.m. to 1:30 p.m. at the
We’ll pay up to
FSCJ Advanced Technology Center at 401 W. State St. Downtown. Lunch will be provided. Kevin Johnson, CEO of Secure Ideas, is the lunch keynote speaker. His topic is “The Inside Man: Email Compromise and Business Identity Theft.” The series is presented by First Florida Credit Union. Visit https://www.fscj.edu/ business-speakers for registration and information.
$5,000
of your client’s closing costs for purchase or refinance.
APRIL 29 Disruptors in health care: Florida State College at Jacksonville scheduled a “Disruptors in Health Panel” with Baptist MD Anderson Cancer Center on April 29 as part of the FSCJ Business Speaker Series. The event is 9-10:30 a.m. at the FSCJ Advanced Technology Center at 401 W. State St. Downtown. Action News Jax anchor Tenikka Hughes will moderate the panel. The series is presented by First Florida Credit Union. Visit https://www.fscj.edu/ business-speakers for information.
Ask us how.
BUSINESS IN BRIEF n St. Augustine-based restaurateur Alma Cuevas will open No Manches Tacos y Mariscos at 174 Blanding Blvd. this month after a renovation that will include original art murals. The restaurant will feature authentic Mexican food. Strategic Sites Clifford Commercial represented the landlord and tenant in the transaction. It is her third restaurant concept. The others are in St. Augustine and Palatka. n Groundwork Jacksonville, TD Bank
Group, the city, the Arbor Day Foundation, community partners and volunteers gathered March 2 to celebrate the completion of a $20,000 TD Green Space
grant awarded last spring to Groundwork Jacksonville and the city’s Urban Forestry unit from TD and the Arbor Day Foundation. The grant supported urban greening and tree planting projects in underserved areas of Jacksonville. The event was along the Emerald Trail S-Line Rail Link Biodiversity Corridor between North Davis and Boulevard streets.
VYSTARCU.ORG 904-777-6000 · 1-800-445-6289
n The Gate Foundation, the philanthropic arm of Jacksonville-based Gate Petroleum Co., raised $55,000 for the National Brain Tumor Society. Gate placed coin boxes at its 72 stores in Florida, Georgia, North Carolina and South Carolina to collect donations from July 1 to Dec. 31.
Certain restrictions and limitations apply. All loans are subject to credit approval. No Closing Costs offer available only when obtaining a VyStar Credit Union First Mortgage Loan and is not available on VA and FHA Mortgages. Available for purchase or refinance. VyStar will pay borrower closing costs up to a maximum amount of $5,000 excluding origination fee, discount points, private mortgage insurance, prepaid interest or funds to establish the member’s escrow account. If the borrower pays off the mortgage within the first 36 months, they will be required to reimburse VyStar for a portion of the closing costs paid by VyStar. Offer available for a limited time and subject to change without notice.
DEVELOPMENT TODAY These are the largest commercial building permits by job cost issued Tuesday by the city of Jacksonville. GOVERNMENT Jacksonville Aviation Authority, 13365 Simpson Way, contractor is Acon Construction Co. Inc., 182,000 square feet, hangar alteration at Cecil Field, $285,416. SCHOOL, LIBRARY, OTHER EDUCATIONAL Jacksonville University, 5491 Dolphin Point Blvd., contractor is Stellar Group Inc., 5,598 square feet, three permits for counseling, urgent care and mental health tenant build-outs, $917,422.
WE’D LIKE TO REMOVE THE WORD ‘STRESS’ FROM YOUR VOCABULARY.
INDUSTRIAL Johnson & Johnson Vision Care Inc., 7500 Centurion Parkway, contractor is Cyma Builders & Construction Managers Inc., 15,421 square feet, utility plant expansion, $24 million.
VyStar Title Agency* knows that closings can be tense. So, whether you’re a buyer, broker, Realtor, or lender, we’ll be there step-by-step to help make the process as fast and easy as possible. You’ll get the personal attention you deserve from the moment the file is opened until the last document is signed and delivered. So relax, and rely on VyStar Title Agency for precise, prompt, and professional service.
OFFICE, BANK, PROFESSIONAL First Florida Credit Union, 3280 Tamaya Blvd., contractor is North Coast Construction Co., 2,060 square feet, new building, $749,000.
phone: 904-908-2874 • vystarcu.org
PEOPLE ON THE MOVE Promotions, hirings and happenings for business people in Northeast Florida. Send items to ssailer@jaxdailyrecord.com
Habitat for Humanity of Jacksonville Inc. President and CEO Mary Kay O’Rourke will retire Dec. 31 after 23 years. She joined HabiJax in 1997 as the family selection coordinator. The board
O’Rourke
of directors appointed her interim CEO in August 2004 and named her to the top job in May 2005. HabiJax will start a search for a new president and CEO. The Jacksonville Arboretum & Gardens board of directors hired Dana J. Doody as executive director. She most recently served as director of development with the North Florida Land Trust, where she raised more than $3 million. Photographer and owner Kellea LeSage opened Eternal Crown Photography’s corporate headquarters at 3731 Hendricks Ave. in San Marco. She started the company 13 years ago as an onlocation business.
Doody
LeSage
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Senior Vice President and General Counsel Barbara Johnston will retire May 1 from Jacksonville-based Regency Centers Corp. and be succeeded by Michael Herman. Johnston Johnston became Regency’s first general counsel in 2010. Herman will join the company April 6 as senior vice president and general counsel-elect. Herman comes to Regency after serving as senior vice president and general counsel of Jacksonville-based Rayonier Advanced Materials Inc. since 2013.
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* VyStar Title Agency, a division of VyStar Financial Group LLC; a wholly owned subsidiary of VyStar Credit Union. Not federally insured and not underwritten or guaranteed by the credit union.
12/22/17 3:16 PM
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THURSDAY, MARCH 12, 2020
JaxDailyRecord.com
COMMERCIAL DEVELOPMENT OUTLOOK
DEMAND STRONG AS PROJECTS COME ONLINE BY KAREN BRUNE MATHIS • EDITOR
Jacksonville’s job and population growth and low unemployment rate are keeping commercial and multifamily real estate developers and brokers busy. Here is what Avison Young, CBRE, Colliers International, Cushman & Wakefield, JLL and NAI Hallmark are saying:
INDUSTRIAL
OFFICE
Construction boom boosts vacancy rate
Rents up while vacancy remains low
Industrial vacancy rates rose during the year as rental rates varied depending on the quality of the warehouse space. Brokers reported that almost 4.1 million square feet of new industrial space opened in the market during 2019. Of that, almost 70% is occupied. “Vacancy rebounded from the historically low levels reached in 2018 amid prolific construction,” JLL reported. More is on the way. JLL said another 1.9 million square feet of space will be completed and available in 2020, although it could face depressed leasing as the market softens “amid trade uncertainty and an expanding inventory.” Cushman & Wakefield reported that large tenants drove demand in the prominent industrial markets in North Jacksonville and West Jacksonville, where tenants leased 3 million square feet of space. “This area was a magnet for development due to its logistical connections to all three of Jacksonville’s port facilities and interstate highway systems,” it said. CBRE reports industrial inventory totals almost 108 million square feet,
While 2019 started slowly, “the year did not disappoint,” said Avison Young in its year-end office-market report. Downtown is seeing a resurgence, evidenced by Fidelity National Information Services Inc.’s announced headquarters plans in the Riverside area and VyStar Credit Union’s acquisition and redevelopment of buildings at Bay and Laura streets. Overall, rents throughout Jacksonville are up while vacancy rates remain stable to higher. New construction remained buildto-suit projects for tenants, including McKesson, Web.com and its subtenant, SoFi, and that was in the suburbs. Colliers International calculated that the office vacancy rate increased since early 2018 to about 9%, reflecting “the most significant construction in the office market since before 2008.” “While construction is strong by recent historical standards, it is still half of what it was pre-crisis,” Colliers said. That limited volume suggests “the balance of power will remain in landlords’ favor for the foreseeable future,” Colliers said. It also predicts an increase in market rents. As tenants moved into new space, they left older offices. Colliers encourages landlords to update their stock,
3.9-5.8%
Overall industrial vacancy rate Average asking lease rate per square foot: $4.73 to $5.59
with 45.4 million square feet, or 42%, in West Jacksonville and 33.6 million, or 31%, in North Jacksonville. Large tenant leases during 2019 included GE Appliances, Winsupply, Cra-Z-Art, W.W. Grainger Inc. and BMW of North America LLC. Wayfair prepared to occupy a 1 million-square-foot distribution center in AllianceFlorida at Cecil Commerce Center, although the online retailer reported a delay in occupancy early this year. CBRE reported positive signs for the industrial sector. “Cold storage and e-commerce occupiers are becoming much more prevalent within the market, to meet consumer demand,” it said.
7.1-16.6% Overall vacancy rate
Average asking lease rate per square foot: $19.99 to $23.18 Average Northbank Downtown vacancy rate: 8.4 to 17.4% Average Southbank Downtown vacancy rate: 7.45 to 8% Average suburban vacancy rate: 13.9 to 17.5%
which means higher rents. “The market is rewarding landlords who are willing to take calculated risks with high-quality renovations,” it said. Cushman & Wakefield forecasts growth in office occupancy on strengthening tenant demand. “The market is expected to trend positive into 2020,” it said. CBRE said low occupancy costs along with “a highly regarded workforce and well-funded infrastructure should also bolster the demand for budget-conscious companies looking to enter this well-positioned Southeast market.”
RETAIL
Retail vacancy near record-low levels NAI Hallmark reported that the retail vacancy rate ended the year at 4.1%, nearly the lowest in the market’s history. NAI forecasts rates to rise but remain below 5%. The report preceded early 2020, when Lucky’s Market, Earth Fare and Pier 1 Imports closed, and Sears announced it would close its Orange Park Mall department store. It also came before RH, formerly known as Restoration Hardware, announced it would open a 50,000-square-foot home furnishings and accessories store with a rooftop bar and restaurant in St. Johns Town Center. RH is part of St. Johns Town Center’s fourth phase of development, which also is designed for a hotel, theater and more retail space. In the year-end report, NAI Hallmark said most new construction was concentrated in St. Johns County at The Pavilion at Durbin Park, with more than 500,000 square feet of space opening during 2019. Downtown’s Brooklyn area also continued to attract retail development. NAI Hallmark Senior Associate Eric Yi said 2019 will be viewed as a successful year of retail in Jacksonville. “Look for continued success in 2020 with an emphasis on retailers entering the urban core as new developments get off the ground, and successful retailers
4.1%
Overall vacancy rate Average asking lease rate per square foot: $17.68 Square footage under construction: 891,200
chase the increased density,” he wrote. Yi said March 4 that grocery stores saturated the market quickly “and they all had to compete with Publix.” Lucky’s Market and Earth Fare closed their stores; Native Sun Natural Foods Market closed three stores and then reopened one with a new format; and Save-A-Lot closed four locations. At least eight remain open. “It will be interesting to see what type of big-box users fill those vacancies as more lifestyle, entertainment, and service-oriented retailers continue to expand in the market,” he said. KMATHIS@JAXDAILYRECORD.COM @MATHISKB (904) 356-2466
MULTIFAMILY
Thousands of apartments in pipeline Yes, there are a lot of apartments under construction. Colliers International reported that Jacksonville added more than 11,000 apartment units over the past five years, with more than 2,400 between 2018 and 2019. Another 5,100 units are under construction in the metro area, with about 4,000 expected to open this year. Yet, the apartment vacancy rate remains less than 5% and rental rates continue to rise, although more slowly. Colliers International said almost 118,400 units exist in the area, at average monthly rents of $1.102 per square foot. Monthly rents average $1,081, ranging from $924 in West Jacksonville to $1,247 in the upper Southside and $1,277 at the Beaches. Colliers International said that despite increased supply, it found that the fourth quarter was the 19th consecutive quarter that market occupancy remained more than 94%. “The market’s ability to absorb new units will continue to be tested in 2020 and into 2021,” Colliers reported. Population growth, specifically people moving into the area, played a key role in the multifamily market growth. It noted an 8.3% population growth rate among young adults from 20 to 34
4.7%
Vacancy rate, the same as 2018 Existing units: 118,373, up from 115,950 Annual monthly rent: $1,081, up from $1,035 Annual rent growth: 2.3%, down from 4.8% Units under construction: 5,100
years old from 2013-18. That age group is a prime market for apartments. Apartments also are investments. Colliers reported that more than 60 apartment properties sold last year for about $1.3 billion, or $104,000 per unit. That was below the $140,00 average in the South and $174,000 average in the U.S. “Multifamily investment sales crossed the billion-dollar mark for the 4th consecutive year in the Jacksonville MSA,” Colliers said.
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MARK BASCH CONTRIBUTING WRITER
The former Winn-Dixie executive led the North Carolina company for 21/2 years. The Fresh Market said last week that CEO Larry Appel resigned, about 2 1/2 half years after the former Winn-Dixie executive joined the specialty grocer. Fresh Market did not give a reason for Appel’s departure. The company hired Jason Potter, former executive at Canada-based grocery operator Sobeys Inc., to replace him. Appel spent 10 years at Jacksonvillebased WinnDixie Stores Inc. in several executive positions, Appel leaving in 2012 after Winn-Dixie merged with Bi-Lo LLC into the company now known as Southeastern Grocers. Greensboro, North Carolinabased Fresh Market hired him in 2017. Two other former WinnDixie executives joined Appel at Fresh Market - Mary Kellmanson as chief marketing officer and Dan Portnoy as chief merchandising officer. Potter Fresh Market did not say if those two are remaining with the company. The company, acquired in 2016 by Apollo Global Management LLC, was improving operations, according to
a report last fall by Moody’s Investors Service. “Fresh Market’s topline and EBITDA has demonstrated some improvement and we expect credit metrics to improve modestly in the next 12 months,” Moody’s Vice President Mickey Chadha said in a news release as the ratings agency raised its outlook on Fresh Market from “negative” to “stable.” However, Chadha expressed caution. “The increasingly competitive and promotional business environment and pricing pressure from larger and better performing competitors in the company’s geographic footprint will make any major improvement in profitability difficult to come by and the risk of a distressed exchange remains high,” he said. Fresh Market has 159 stores in 22 states, including five in the Jacksonville metropolitan area. New CEO Potter “has demonstrated an ability to drive revenue and profit growth through innovation as well as improved operations, merchandising and marketing, which are skills that make him the ideal candidate to lead The Fresh Market’s continued turnaround efforts,” Fresh Market Chairman Andrew Jhawar said in a news release.
Reports suggest Tegna bidding war A bidding war may be emerging for Tegna Inc., owner of WTLV TV-12 and WJXX TV-25 in Jacksonville and 60 other U.S. television stations. Reuters news service last week reported Atlanta-based Gray Television Inc., owner of 157 U.S. stations, is offering to buy Tegna for $8.5 billion, including the assumption of debt. Following that report, The Wall Street Journal reported Apollo Global Management made a new offer to buy Tegna at a price close to Gray’s offer. Private equity firm Apollo first approached Tegna about a buyout a year ago, according to news reports. Meanwhile, funds affiliated with Apollo in December acquired control of Cox Enter-
prises Inc.’s television group, which operates 14 stations including WFOX TV-30 and WJAX TV-47 in Jacksonville. If Apollo is able to buy Tegna, it would likely have to divest at least two of the Jacksonville stations. Tysons, Virginia-based Tegna has not publicly commented on the possibility of a buyout. Tegna has been under pressure to consider deals by hedge fund Standard General L.P., which owns 9.7% of its stock. Standard General in January said it is nominating Managing Partner Soohyung Kim and three other representatives for election to Tegna’s 11-member board. When Tegna added a 12th board member in February, Standard General responded by adding a fifth nominee to its slate of directors. As news of the new potential bids emerged, Kim said in a release Friday “we stand ready to work with Tegna to help thoughtfully evaluate these proposals.”
Graham takes WCWJ write-down The other publicly traded company operating Jacksonville television stations, Graham Holdings Co., recorded a write-down in the value of WCWJ TV-17 in the fourth quarter. Graham, which also owns WJXT TV-4 in Jacksonville, said it incurred a $7.8 million intangible asset impairment charge on the licenses of WCWJ and a station in Roanoke, Virginia, that were both acquired in 2017, according to the company’s annual report. The write-down was “due to a decline in local market conditions,” the company said in a news release. Although the value of the Jacksonville CW network affiliate was lowered, Graham touted the operations of the station in its report filed with the Securities and Exchange Commission. “WCWJ in Jacksonville successfully found a niche with their strong syndicated programming lineup in daytime and early fringe,” it said. Graham, which owns seven
Let a Board Certified CiviL triaL Lawyer JBA GOVERNOR SINCE 2013
FRP Holdings Inc. is a Jacksonville-based real estate development company that generally focuses on projects in the Baltimore-Washington, D.C.-Northern Virginia market. But late in 2019, the company entered into a joint venture
Probate
Black Knight Inc. said last week it acquired Collateral Analytics, a Honolulu-based provider of real estate analytic products. Terms of the deal were not disclosed. Jacksonville-based Black Knight, which provides technology for mortgage lenders, said the acquisition will provide more information and tools for its clients.
Shoreline Equity buys Atlanta wholesale baker
Shoreline Equity Partners LLC said last week it partnered with management to buy Engelman Baking Co., an Atlanta-based wholesale baker which produces breads and rolls. Terms of the deal were not announced. Ponte Vedra Beach-based Shoreline was formed last year as a private equity firm targeting businesses with an enterprise value between $25 million and $250 million.
MBASCH@ JAXDAILYRECORD.COM
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Stephen T. Cumella Secretary, Chairman & Director
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FRP expands into South Carolina
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Struggling Rayonier Advanced Materials Inc. announced changes Friday to the makeup of its board of directors, at the urging of a major shareholder. The changes include separating the roles of chairman and CEO. Paul Boynton will remain president and CEO of the Jacksonville-based performance fibers company but after its annual meeting in May, a new nonexecutive chairman of the board will be appointed. Ortelius Advisors, which owns about 5.2% of Rayonier AM’s shares, said in an SEC filing it proposed splitting up the chairman and CEO roles in December. The firm also said after the company announced a fourth-quarter loss from continuing operations of $57 million, it had further discussions about the makeup of the board. Rayonier AM’s board and Ortelius agreed to put two new directors on the board, the company said. “We are pleased to have worked collaboratively with the Board and management team to reach this agreement,” Ortelius Chief Investment Officer Peter DeSorcy said in a news release by Rayonier AM.
Founded in 1986 Florida Based
Commercial Civil Trial
Rayonier AM makes board changes
with a company named Woodfield Development to build two apartment communities in Greenville, South Carolina. Although the projects “are a step outside of our traditional geographic footprint, we were impressed with Greenville and felt the growth potential of the market and the track record of our new partner warranted the investment,” FRP said in a news release. After selling most of its developed properties in 2018, FRP invested about $83.9 million in new projects in 2019 and still has $164 million available, President David deVilliers said in a conference call with investors last week. “We are constantly in search of opportunities to redeploy proceeds from the sales of our heritage properties,” he said. FRP reported fourth-quarter earnings more than tripled to $2.45 million, or 25 cents a share.
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U.S. television stations, said revenue in its broadcast division dropped by 8% in 2019 to $463.5 million, due largely to a drop in political advertising. That certainly will turn around in the 2020 election season. Because of the lower revenue, along with the WCWJ charge and other costs, operating income for the broadcasting division dropped by 27% in 2019 to $152.7 million.
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THE BASCH REPORT
Fresh Market CEO Larry Appel resigns
JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER
JaxDailyRecord.com
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BY SCOTT SAILER • STAFF WRITER
File image
The week’s largest commercial sale in Northeast Florida was in St. Johns County, where 119 residential lots sold in Beachwalk for $7.2 million.
ST. JOHNS
CLAY
ST. JOHNS
DUVAL
CLAY
$7,206,045
$6,615,000
$5,100,000
$4,250,000
$3,780,000
Beachwalk Boulevard, Beachwalk
380-386 Blanding Blvd., Orange Park
Interstate 95, St. Augustine
109 Stevens St., Jacksonville
Cameron Oaks Place, Middleburg
Type: 119 residential lots Parcel size: Not available Buyer: TFCC Jacksonville Beach LLC Seller: BVO LLC
Type: Old Time Pottery and Freddy’s Frozen Custard & Steakburgers Parcel size: 9.37 acres Building size: Two buildings totaling 87,380 square feet Buyer: Pine20 Blanding LLC Seller: Seritage SRC Finance LLC
Type: Undeveloped Parcel size: Not available Buyer: Beaver Motors Inc. Seller: St. Johns Interstate LLC
Type: Wagner Industries and Wagner Logistics Parcel size: 7.48 acres Building size: 169,656 square feet Buyer: FWP Real Estate Holdings LLC Seller: 109 Stevens LLC Previous sale: $1,850,000 in 2015
Type: 63 residential lots in Cameron Oaks Phases 1 and 2 Parcel size: Not available Buyer: D.R. Horton Inc.Jacksonville Seller: Kindlewood LLC
ST. JOHNS
ST. JOHNS
DUVAL
DUVAL
DUVAL
$3,150,000
$2,625,000
$2,014,000
$1,590,000
$1,426,999
Oxbridge Way, Saint Johns
Oxbridge Way, Saint Johns
Angel Lake Drive, Jacksonville
Angel Lake Drive, Jacksonville
Jacksonville
Type: 30 residential lots in Oxford Estates Phases Five & Six B Parcel size: Not available Buyer: Drees Homes of Florida Inc. Seller: Oxford Estates LLC
Type: 25 residential lots in Oxford Estates Phases Five & Six B Parcel size: Not available Buyer: CND Resources LLC Seller: Oxford Estates LLC
Type: 38 residential lots in Angel Lakes Parcel size: Not available Buyer: Richmond American Homes of Florida LP Seller: Angel Lakes Gated Inc.
Type: 30 residential lots in Angel Lakes Parcel size: Not available Buyer: KB Home Jacksonville LLC Seller: Richmond American Homes of Florida LP
COMMERCIAL REAL ESTATE
Top commercial sales of the week Here are the top 10 commercial real estate sales in Northeast Florida, comprising Baker, Clay, Duval, Nassau and St. Johns counties. The sales were recorded March 2-8.
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Type: Seven single-family homes Parcel size: Not available Buyer: ALTO Asset Co. 2 LLC Seller: MUPR 3 Assets LLC
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Site plans, community maps, photos and depictions are for illustration purposes only, are conceptual in nature, and should not be relied upon. GreenPointe Communities, LLC reserves the right to make changes to the foregoing at any time without notice. Home design, pricing, terms and offers are subject to change. See Home Builders’ Sales Consultant for details.
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by the chief judge in each circuit as the policy awaits review and possible adoption by the state Supreme Court. The commission’s next meeting is scheduled June 16-17 in conjunction with The Florida Bar annual meeting in Orlando.
Morreale back at Holland & Knight
MAX MARBUT ASSOCIATE EDITOR
The group created by state Supreme Court guides Florida’s courts into the 21st century. The Florida Courts Technology Commission convened in Jacksonville March 5-6 at the Omni Jacksonville Hotel. The state Supreme Court created the commission in 2010. Chaired by 9th Circuit Judge Lisa Munyon, it oversees, manages and directs the development and use of technology within the judicial branch. Mike Smith, court technology officer for the 4th Judicial Circuit, is one of the 25 commission members. The two days of committee and subcommittee meetings covered a range of implemented court technology to what’s planned for Florida’s courts. The enotify app went live in Jacksonville in February, and 49 of the 67 counties in the state adopted it. Accessible at enotify. flcourts.org, it’s a way for people to stay informed about their required court appearances. After registering, the user can select email or text reminders two weeks, one week or the day before a scheduled criminal court event, such as a hearing or trial. The system has registered more than 1,300 users who received 1,400 emails and about 2,000 text messages. Expanding the system to include civil matters began this month. The commission approved a proposed model court cybersecurity policy designed to protect employees and information. It covers subjects such as password security and use of email and mobile devices. The plan in its current form is a model that may be adopted
Litigation partner Frank Morreale returned to Holland & Knight after practicing for six years at Nelson Mullins. Morreale represents financial institutions, insurance carriers and multinational corporations in commercial disputes, arbitration and coverage matters in Florida and New York. He is admitted in Florida and Morreale New York state and federal courts. Morreale received a BBA in finance from Stetson University and a J.D. from New York University School of Law.
Gainey, Walsh join Kubicki Draper Ciera Gainey and Emily Walsh joined Kubicki Draper in the law firm’s Jacksonville office as associate attorneys. Gainey practices general civil litigation with emphasis on premise liability and motor vehicle negligence. She received a J.D. in 2018 from Florida Coastal School of Law, where she was a member of the Moot Court Honor Board and the Mock Trial Team. Walsh focuses her practice on first party property and personal injury protection. A Jacksonville native, Walsh graduated from Stetson University College of Law in 2018.
White elected partner at Foley & Lardner
Foley & Lardner elected Joanna White to partnership in Jacksonville. A member of the firm’s real estate pracWhite tice, White
focuses on acquisition, disposition, leasing and finance of multifamily, office, retail shopping centers and vacant land, including timber. White graduated from the University of Florida Levin College of Law and was admitted to The Florida Bar in 2007. She is a member of the Urban Land Institute.
Bar seeks selfnominees The Florida Bar has several opportunities available for service. • American Bar Association House of Delegates: Two lawyers to serve two-year terms beginning in August at the conclusion of the ABA annual meeting. Applicants must be ABA members. • Florida Legal Services Inc. board of directors: One lawyer to serve a three-year term beginning July 1. The board provides judicial, legislative and administrative advocacy on policies impacting the legal rights of the poor. It also provides civil legal assistance to indigent people who would not otherwise have the means to obtain a lawyer. • Florida Lawyers Assistance Inc. board of directors: Three lawyers and two nonlawyers to serve three-year terms beginning July 1. The board assists the legal community in securing counseling and treatment for emotional and chemical dependency problems experienced by lawyers. • Florida Medical Malpractice Joint Underwriting Association board of governors: One lawyer to serve a two-year term beginning July 1. The board develops a means of obtaining loss and expense experience in medical malpractice issues. Visit https://wwwmedia.floridabar.org/ uploads/2020/02/TheFlorida-Bar-Applicationfor-Appointment-FormR-09192019.pdf or call (850) 561-5757 to obtain the questionnaire for the opportunities. Completed applications must be received by the Executive Director, The Florida Bar, 651 East Jefferson Street, Tallahassee, 32399, by 5 p.m. April 17. Resumes will not be accepted in lieu of the required application. The board of governors will review all applications
Asbestos
Special to the Daily Record
The Florida Bar Construction Law Committee presented its 13th annual Rising Star Award to Jacksonville Bar Association President Elizabeth Ferguson. She is a shareholder in the Marshall Dennehey Warner Coleman & Goggins Jacksonville office. The committee recognized her for dedication to her practice area. Ferguson is board certified in construction law and serves on the Florida Board of Professional Engineers.
and may request telephone or personal interviews.
Krechowski joins Balch & Bingham Patrick Krechowski joined Balch & Bingham in Jacksonville as a partner in the firm’s real estate, land use and zoning and public policy and government relations practices. Krechowski His practice focuses on zoning and land use law, real estate due diligence, environmental permitting and remediation, water use per-
mitting and planning, beach nourishment projects, coastal construction and due diligence before local governments and federal and state agencies. Krechowski has represented state agency boards and local governments, including serving as the city attorney for Neptune Beach. He is a member of Visit Jacksonville’s board of directors, Urban Land Institute North Florida, JAX Chamber Trustees, Northeast Florida Builders Association, Florida Brownfields Association and the Duval County Food Desert Public Policy Coalition. MMARBUT@ JAXDAILYRECORD.COM (904) 356-2466
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THE MARBUT REPORT
State technology commission convenes in Jacksonville
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Get In Touch! 904-725-4355 6747 Southpoint Parkway Jacksonville, FL 32216 www.nefba.com
EXECUTIVE COMMITTEE
Nate Day President
H. Smith, Inc.
Keith Ward
First Vice President
Thomas May Construction
Josh Garrison
Secretary/treasurer Miranda Contracting
Mike Atzert
Second vice president Sherwin-Williams Co.
Linda Hutchins
Third vice president LMH Realty LLC
Tuesday, March 24th 9:00 am - 10:30 am NEFBA Auditorium 6747 Southpoint Pkwy Jacksonville, FL 32216
Join us for an in-depth update of the Northeast Florida housing market. The experts at Metrostudy have prepared an overview of the local market with the concerns of builders and developers in mind.
Tim Conlan
Training vice president Reliant
Sean Junker
Immediate Past President Providence Homes
MEETING SPACE AVAILABLE @ NEFBA OFFICES Auditorium • Conference Room • Patio Contact Heather Paulsen at hpaulsen@nefba.com or 904-725-4355 for room reservations. Rate information can be found at http://bit.ly/nefbarental
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AUDIO VIDEO CAPABILITIES AVAILABLE
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Top 10 home sales of week BY SCOTT SAILER • STAFF WRITER
Here are the top 10 single-family residential real estate sales in Northeast Florida, comprising Baker, Clay, Duval, Nassau and St. Johns counties. The sales were recorded March 2-8.
ST. JOHNS
$3,900,000 339 Ponte Vedra Blvd., Ponte Vedra Beach Type: Single-family Lot size: 0.33 acres House size: 3,721 square feet Buyer: 339 PVB LLC Seller: Seaside National Bank & Trust DUVAL
$3,550,000
About the property: Oceanfront singlestory home featuring a courtyard spa, patio, fireplace and dune walkover.
ST. JOHNS
$2,400,000
6210 San Jose Blvd. W., Jacksonville
73 S. Roscoe Blvd., Ponte Vedra Beach
Type: Single-family Lot size: 3.54 acres House size: 7,892 square feet Buyer: Randall T. and Tracy K. Skinner Seller: Charles Brightman Skinner Revocable Living Trust
Type: Single-family Lot size: 0.92 acres House size: 6,563 square feet Buyer: Jeffrey Lee Block Revocable Trust Seller: Robert L. and Susan J. Gould Previous sale: $1,825,000 in 2016
DUVAL
$2,325,000 917 First St. S., No. 502, Jacksonville Beach Type: Marbella condominium Condominium size: 4,435 square feet Buyer: Patricia M. and Steven M. Wilson Seller: Laura L. and Steven R. Guillaume, Laura L. Guillaume Living Trust and Steven R. Guillaume Living Trust Previous sale: $1,650,000 in 2018
ST. JOHNS
ST. JOHNS
$1,670,000
$1,080,000
1895 Bishop Estates Road, Julington Creek
8105 Seven Mile Drive, Ponte Vedra Beach
Type: Single-family Lot size: 1.96 acres House size: 4,765 square feet Buyer: Lisa R. and Paul L. Valentine Seller: Malcolm D. and Sharon W. Bloom ST. JOHNS
Type: Single-family Lot size: 0.64 acres House size: 5,628 square feet Buyer: Mark A. and Rosaria Barbaro Seller: Steven C. and Pamela L. Brown Previous sale: $955,000 in 2016
$1,150,000
NASSAU
205 Settlers Row N., Ponte Vedra Beach
$1,075,000
Type: Single-family Lot size: 0.62 acres House size: 5,641 square feet Buyer: Josep G. De Lamo and Nicholas Eklund Seller: The Estate of Walter V. Shipley Previous sale: $1,912,000 in 2000
Type: Single-family lot Lot size: 0.52 acres Buyer: Eric G. and Mabel E. Spann Seller: The Range at Crane Island LLC
39 Salt Hammock Court, Fernandina Beach
DUVAL
ST. JOHNS
$1,075,000
$1,125,000
321 Fifth St., Atlantic Beach
693 Ponte Vedra Blvd., No. 102, Ponte Vedra Beach Type: Ocean Manor condominium Condominium size: 1,550 square feet Buyer: Elizabeth T. Austin Seller: LAWK Enterprises Inc. Previous sale: $637,500 in 2013
Type: Single-family Lot size: 0.17 acres House size: 2,450 square feet Buyer: Lime Barrel Atlantic Beach LLC Seller: Grace E. and Jackson M. Allen
W ORKSH O P
WE BUILD THIS BUSINESS. CONNECTIONS. DIVERSITY. SUCCESS.
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CREW Jacksonville is advancing the commercial real estate industry’s most talented and connected business professionals.
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RESIDENTIAL REAL ESTATE
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JOIN US crewjax.org
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THE SAILER REPORT
Sebastian Inland Harbor project back with changes
SCOTT SAILER STAFF WRITER
Plans reduce the density and intensity of development. The city of St. Augustine is reviewing plans to rezone the Sebastian Inland Harbor planned unit development adopted in 2004 to decrease the commercial use and increase the residential units. The proposed 13.5-acre mixed-use development will add the San Sebastian Winery at 157 King St., along King Street between the San Sebastian River and Riberia Street to the PUD. Property owners Lake Mary-based SA Marina Holdings LLC and Clermontbased Seavin Inc., the San Sebastian Winery site owner, want to revise the existing PUD to adjust uses to current market conditions and demands. SA Marina Holdings Manager Abbas Abdulhussein told the St. Augustine Planning and Zoning Board on Feb. 4 that the project addresses changes that benefit the city with “less hotel rooms, less retail, less traffic and what we need, the one thing we need more of is residential, more livability in Downtown.” The city allowed the PUD in 2007 to change uses and in 2016 to extend phasing dates. The existing PUD zoning allows the developers to build 225 hotel rooms with associated facilities, 85 condominium units, 36,060 square feet of retail space and 65 marina slips. The 2007 approved plans include two towers of 75 feet and 90 feet in height. The marina is the only development to date in the existing PUD. Proposed changes increase the residential density while reducing the commercial uses. Fewer hotel rooms and retail uses reduce the intensity, including reduced traffic impacts to the area. The proposed changes reduce the
number of hotel rooms from 225 to 167, reduce retail and commercial space from 36,060 to 26,050 square feet, increase multifamily units from 85 to 165 and reduce the maximum height of buildings to 50 feet plus 15 feet for accessory elements. The existing 65 marina wet slips remain and the existing 24,068-squarefoot San Sebastian Winery will be added to the PUD. Two parking structures instead of one are planned, with one for residents and another for nonresidential uses. Plans include an upgrade east and west of Sebastian Harbor Drive with road resurfacing, on-street parking and additional landscaping and street lighting for improved pedestrian and bicycle access on the project side of the development. Developers plan to start a single 10-year phase within three years after City Commission approval. The proposed site plan indicates: n A 17,000-square-foot building fronting King Street with a 7,500-square-foot, 150-seat restaurant and a 9,500-square-foot marketplace. n A parking structure adjacent to a hotel along the San Sebastian River. n An 8,000-square-foot, 150-seat restaurant at the marina. n Apartments with 1,050 square feet of retail space along the marina. n A parking structure for the apartment homes along Riberia Street. The proposed site plan is similar to the existing plan with the exception of swapping the location of the apartments and hotel and adding a second parking structure near the hotel location. City Planning and Building Department staff considered the PUD changes as a better balance of uses by decreasing commercial and “increasing the focus on residential housing.” The Planning and Zoning Board will continue the review at 2 p.m. April 7 in City Hall. The board requested more information for the next meeting, including clarifying the housing element to avoid short-term rentals and defining the type of multifamily housing. The City Commission will review the board’s recommendations. SSAILER@JAXDAILYRECORD.COM (904) 356-2466
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Special to the Daily Record
Sebastian Inland Harbor comprises only marina slips to date.
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FIFTH ANNUAL
April 1 – 30, 2020
To celebrate more than 40 years of Building Dreams, Enhancing Lives, we’re hosting the World’s Largest Showcase of Homes in Jacksonville! From April 1 – 30, we invite you to visit any of our beautiful models or Quick Move-in Homes to see current innovations in design and get inspired with home décor ideas. And, you can celebrate too, with special incentives when you purchase your own David Weekley dream home in Jacksonville. Also, just for visiting and registering with our Sales Consultant, we’ll donate $5 to Ronald McDonald House Charities of Jacksonville!
Ask about our special incentives going on now!
Visit our website to find a community near you in Jacksonville!
See a David Weekley Homes Sales Consultant for complete details. Not valid with any other offer or previously written contracts. $5 donation to Ronald McDonald House Charities of Jacksonville will be made for Visitors who register at a David Weekley Homes model or Quick Move-in Home in the Jacksonville area between April 1, 2020, and April 30, 2020 (the Program Period). Registration limited to one per family. Maximum donation amount to Ronald McDonald House Charities of Jacksonville not to exceed $3,000. David Weekley Homes reserves the right to terminate the program or change rules at any time. See a David Weekley Homes Sales Consultant for details. Prices, plans, dimensions, features, specifications, materials, and availability of homes or communities are subject to change without notice or obligation. Illustrations are artist’s depictions only and may differ from completed improvements. Copyright © 2020 David Weekley Homes - All Rights Reserved. CBC1257289 Weekley Homes, LLC. Jacksonville, FL (JAC-20-000918) 318361-1