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Mathis Report: Shipley Do-Nuts plans opening
April 30-May 6, 2020
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THE SHUTDOWN’S Record & Observer IMPACT ON BUSINESS
Two projects could bring 600 jobs
JACKSONVILLE
The code-named Academy is focused near the Talleyrand area; no site for Skateboard.
JACKSONVILLE
Record & Observer
The Jacksonville Daily Record and Record & Observer surveyed subscribers, readers and members of the NAIOP Commercial Real Estate Development Association Northeast Florida Chapter and The Jacksonville Bar Association. The nonscientific web survey totaled 183 responses.
38%
JACKSONVILLE
BY KATIE GARWOOD STAFF WRITER
No later than a new vaccine is available
Between May 1 and 15
5%
11%
Two code-named projects that would create a total of 600 jobs in Jacksonville are seeking city incentives. The Mayor’s Budget Review Committee voted 6-0 on April 28 to submit legislation for the projects. Project Academy is a manufacturing company that is negotiating a deal Downtown on a census tract in the Talleyrand and shipyards areas Downtown. Project Skateboard is an existing IT software company that wants to expand its Jacksonville presence. Each seeks a rebate from the city and state through the Qualified Target Industry Tax Refund Program and Academy also wants an unspecified Recapture Enhanced Value grant. The committee’s approval allows the city Office of Economic Development to introduce resolutions to City Council at its May 12 meeting to execute economic development agreements. The office and documents do not disclose the identify of the companies.
Record & Observer Now
Reported their monthly revenue dropped by more than half in March and April
31%
60%
Said their expenses remained the same, despite the drop in revenue
Survey shows pandemic’s squeeze, but also that many businesses are still operating with their workers at home.
SURVEY QUESTION
When should your business and your industry sector be allowed to reopen?
No later than May 31
15%
BY KAREN BRUNE MATHIS EDITOR
A
rea businesses report that in general, COVID-19 has taken a toll on their bottom lines and in many cases, a big one. Almost four of 10 area businesses – 38% – reported in a survey their monthly sales dropped by more than half in March and into April, when the city and state closed much of the economy to stem the spread of the coronavirus. At the same time, almost 60% said their expenses remained the same, showing the pandemic’s squeeze on how they are making ends meet. “My business is down 95%,” said one. “Will likely have to close if this goes on another 2 months,” warned another. SEE SURVEY, PAGE 6
When new reported cases of COVID-19 in the region have declined seven consecutive days
15%
See full survey, Page 6
Other
22%
Percentages may not add up to 100 because of rounding
PROJECT ACADEMY
A project summary calls Project Academy a multinational manufacturer that wants to establish a facility in the Southeastern U.S. Project Academy could create up to 300 jobs by Dec. 31, 2024, according to the document filed with the April 28 MBRC agenda. The average annual wage of those jobs is $59,146 with benefits valued at 35% of the average wage. SEE PROJECTS, PAGE 6
THE BASCH REPORT
LandStar shift to working at home ‘a great success’ Fidelity: More than 80% on job remotely. PAGE 4 VOLUME 2, NO. 48 • ONE SECTION
WHAT’S TRENDING
JACKSONVILLE DAILY RECORD / J ACKSONVILLE RECORD & OBSERVER 2JaxDailyRecord.com
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JACKSONVILLE 30, 2020 DAILY RECORD / JACKSONVILLE RECORD & OBSERVER THURSDAY, APRIL
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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Curry eases restrictions, waits for state
Mayor Lenny Curry said April 28 HOW TO REACH US he could not announce a timeline for 10 N. Newnan St., Jacksonville, FL, 32202 reopening the city, but extended beach exercise hours and repealed an execuPhone: (904) 356-2466, Fax (904) 353-2628 tive order limiting who could stay in jaxdailyrecord.com Duval County hotels. In his virtual news briefing, Curry ABOUT US signed a $159 million stimulus plan Jacksonville Daily Record Jacksonville Record & Observer are a division of that includes $1,000 and payments to File image Observer Media Group Inc. households affected by COVID-19, Jacksonville Mayor Lenny Curry at his ease fees for developers, provide aid April 28 virtual news conference. Established in 1912, Financial News & Daily Record, now the Jacksonville Daily to nonprofit andthe other businesses Record, published and is the Official Court Newspaper of the Circuit thatispartner withMonday-Friday the city, and support CourtCOVID-19 and publisher ofand public notices in care Duval County. and beginning May 4, Duval County testing other health beaches will be open from 6 a.m. to 8 infrastructure needs. Jacksonville Record Observer is a free weekly business newspaper available in p.m. for exercise and essential activiCurry said until&Gov. Ron DeSantis Downtown Jacksonville nodesties throughout Jacksonville. To find a only. extends, amends orand letskey thebusiness statewide location near you, visit jaxdailyrecord.com/rack-locations. Those activities include walking, runstay-at-home order expire, he cannot ning, biking, swimming, walking pets make any decisions on a timeline for Editorial content focuses on news trends, concentration on development, andasurfing. reopening the city. That orderand is set to with real estate, construction, law, companies, economic trends and local Forand theindustry $1,000 stimulus, anhow appointexpire April 30. and state government affects business. ment system will be set up so people Curry did end a restriction that can begin setting times to apply. limited area hotels to essential lodgers
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Group buys more land in St. Johns County
PRESS RELEASE/INQUIRY/REPRINTS Fund, has been buying property in St. A New York real estate investment Johns County since the end of 2017. It group added 75.3 acres to its more Submit a press release or editorial inquiry online now owns more than 35,600 acres. than 35,600 acres of timberland in St. jaxdailyrecord.com/submit-news-release or email editorial@jaxdailyrecord.com. Johns County. Article reprints are available at jaxdailyrecord.comThe investment sponsor, through Managing broker-dealer Ruane, Cun- 206 Timber LLC, paid $3.12 million for the property, about $41,501 per acre, niff & Goldfarb LLC, an investment adHOW TO SUBSCRIBE April 24. viser known for managing the Sequoia Subscribe online at jaxdailyrecord.com/subscribe or contact our subscription department by phone at (877) 231-8834 or email subscriptions@jaxdailyrecord.com
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THURSDAY, APRIL 30, 2020
Trips to Texas spark for Shipley Do-Nuts franchise
Doughnut shop at Tamaya Market plans to open in September.
Tracy and Robb Hamlett, left, own the Shipley Do-Nuts franchise in Jacksonville with Kristen and Eddie Jones. The franchise will sell iced and filled doughnuts at Tamaya Market at Beach and Kernan boulevards.
Franchisee Robb Hamlett hopes to open the first Shipley Do-Nuts shop and drive-thru in Jacksonville by Sept. 1 and employ 12-15 people at Tamaya Market at Beach and Kernan boulevards. He is the Jacksonville franchise owner for Houstonbased Shipley Do-Nuts with his wife, Tracy Hamlett, and his brother and sister-in-law, Eddie and Kristen Jones. Hamlett said April 23 they initially wanted to open in July but were delayed by the COVID-19 pandemic. “I know the drive-thru would be a blessing on its own,” he said. By Sept. 1, “we think a lot of this will start to normalize again.” Hamlett said Shipley DoNuts will operate 5 a.m.-6 p.m. daily at 12667 Beach Blvd., No. 101. It will occupy 1,800 square feet in an outparcel end unit. The chain sells iced and filled
doughnuts; cinnamon, ice nut, apple cinnamon, and cream cheese rolls; donut holes; and other pastries, such as apple fritters. It also sells kolaches, and drinks like coffee, milk and juices. Pastries are made fresh daily. Kolaches are warm soft bread filled with ham and cheese; sausage and cheese; sausage; sausage, cheese and jalapeno; and pulled pork, according to an online menu. Shipley Do-Nuts’ tagline is “make life delicious.” Hamlett’s wife is from Waco, Texas. “Going back for visits, we would stop at a Shipley franchise. Once I tried it, I thought it was fantastic, and I especially loved the kolaches,” he said. Started in 1936 by Lawrence Shipley Sr., Shipley Do-Nuts operates more than 300 stores in eight states – Texas, Ala-
Special to the Daily Record
bama, Arkansas, Colorado, Florida, Louisiana, Mississippi and Tennessee. The closest Shipley to Jacksonville is in Bradenton. “We would say how awesome it would be to have something like this in Jacksonville,” Hamlett said. “After a lot of talking, we decided to try it. We contacted the corporate headquarters and found out what was needed to be a franchise owner, and we just went for it,” he said. Their goal is to add more franchise stores but will start with one. The Hamletts moved to the Jacksonville area in 2000 from Charlottesville, Virginia, when Robb Hamlett was brought to town on a contract with the supermarket industry. Shipley Do-Nuts is known for its glazed yeast doughnuts, “and they have been a
hit wherever they have gone,” Hamlett said. “All of their stores have done well.” He said the pastries can be purchased separately, or by the half-dozen or dozen. Prices may vary, but in general, glazed doughtnuts are 99 cents each or $8.99 a dozen, while iced, filled and mixed are $1.39 each or $10.49 a dozen. Doughnut holes are $1.99 a dozen, and specialty pastries are $1.99 each or $20.49 a dozen. Beignets made-to-order are two for $2.49 and four for $3.99, and kolaches are $2.50 to $3.50, or a dozen for $24 to $34. Hamlett said his group has been working on the deal for about 2½ years, but declined to provide its investment in the franchise. Hamlett’s group worked with Stanton Hudmon, a partner in
the Pine Street/RPS LLC commercial real estate firm, with its lease negotiations. Hamlett said Colliers International Director Nancy Sumner represented Tamaya Market landlord Harbour Retail Partners of Wilmington, North Carolina. The location needed to be on the morning side of traffic in a busy area with a drive-thru. Tamaya is the right site, he said, especially with anchor Sprouts Farmers Market opening April 29. Shipley Do-Nuts will occupy the end unit of a three-tenant building that includes Heartland Dental. “We are pretty confident that the people of Jacksonville will love it,” Hamlett said.
THE MATHIS REPORT
KAREN BRUNE MATHIS EDITOR
KMATHIS@ JAXDAILYRECORD.COM @MATHISKB (904) 356-2466
FOOD NOTES
Chick-fil-A to Lakewood: The city is reviewing plans for demolition of the closed 2,700-square-foot Krispy Kreme at 3814 University Blvd. W. in preparation to build a Chick-fil-A restaurant. CCR Architecture of Birmingham, Alabama, is the architect for the 4,992-square-foot project on 1.28 acres at a cost of $850,000. Krispy Kreme closed in spring 2016.
Taco Bell in Mandarin: The city issued a permit April 13 for C.W. Hayes Construction Co. of Oviedo to remodel and update the décor of the Taco Bell at 11270 Old St. Augustine Road in Mandarin at a cost of $350,000. Pepe’s Hacienda in Lakewood: The city is reviewing a permit application for construction and build-out for Pepe’s Hacienda at 3615 Dupont Ave. in the Lakewood area of Southside. Webb Properties & Improvements Inc. is the contractor for the $450,000 project of 12,235 square feet. Plans show restaurant seating and a bar on one side and a grocery on the other. Plans show construction of a metal building to connect two existing buildings and tenant build-out.
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Clean Juice to Nocatee: St. Johns County approved a permit for interior build-out for Clean Juice Nocatee at 250 Pine Lake Drive, Suite 105, at a cost of $194,746. It’s a 1,433-square-foot project. Bonchon to Durbin: St. Johns County issued a permit for the build-out of the Bonchon Asian fried chicken restaurant at a cost of $120,000 at 475 Durbin Pavilion Drive, Suite 101 in The Pavilion at Durbin Park.
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Starbucks to St. Johns Square: The city issued a permit for tenant build-out for Starbucks Coffee Co. at 11222 Beach Blvd. in a stand-alone building developed for the coffee shop. Target Contractors Inc. build the 2,533-square-foot structure on 1.39 acres at a cost of $500,000. Elfrink Custom Construction Inc. will prepare the space at a cost of $275,000.
Al Dente to Shoppes of St. Johns Parkway: St. Johns County issued a building permit for Al Dente Italian Restaurant to build-out a 3,543-square-foot restaurant at a cost of $200,000 at 90 Shops Blvd., Suite 60, in the Shoppes of St. Johns Parkway in Saint Johns.
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Whataburger to Atlantic North: JEA issued a service availability letter for Whataburger to build a 3,745-squarefoot restaurant at 11901 Atlantic Blvd. on an outparcel in the Atlantic North shopping center at northwest Kernan and Atlantic boulevards in East Arlington. Halff Associates Inc. is the civil engineer.
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First Watch to Baymeadows Park: The city is reviewing a permit application for construction of a 3,600-square-foot shell building for First Watch, The Daytime Cafe, at a cost of $644,955. A separate permit will be filed for build-out. The First Watch building at 9271 Baymeadows Road is within the Baymeadows Park development at the former Baymeadows Golf Club.
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JACKSONVILLE DAILY RECORD / J ACKSONVILLE RECORD & OBSERVER
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THURSDAY, APRIL 30, 2020
JaxDailyRecord.com
THE BASCH REPORT
Landstar, Fidelity employees working at home land in Mississippi. Including the timber sale proceeds, Rayonier had about $390.9 million in cash on hand as of April 16, it said.
Ameris earnings drop in first quarter MARK BASCH CONTRIBUTING WRITER
“The transition of so much of our employee base to work at home has been a great success and currently it is business as usual at Landstar,” CEO says. While many companies have sent employees home to work remotely during the COVID-19 pandemic, you might think that’s impossible for a trucking company like Jacksonvillebased Landstar System Inc. Yes, technology is moving closer to sending driverless vehicles out on the road, but we still live in a world where trucks transporting freight need drivers in the cabs. However, Landstar is a trucking company that doesn’t employ drivers. It contracts with drivers who own their trucks to transport freight, which it refers to as business capacity owners, or Gattoni BCOs. Landstar has about 1,200 corporate employees, working in Jacksonville and a second site in Rockford, Illinois. During the company’s quarterly conference call with analysts last week, CEO Jim Gattoni said Landstar began sending most of its employees home in mid-March and more than 1,000 now are working remotely. “The transition helped to secure business continuity and maintain a healthy work environment for Landstar’s employees,” he said. “From an administration and operations standpoint, the transition of so much of our employee base to work at home has been a great success and currently it is business as usual
File image
The Landstar System headquarters at 13410 Sutton Park Drive S. overlooks the Windsor Parke Golf Club.
at Landstar,” he said. Landstar also is trying to assist the nonemployees who contract with the company, paying an extra $50 for every freight shipment in April to each of its 10,000 BCOs and 1,200 agents who dispatch the loads, Gattoni said. “We also are providing $1,000 per week for a twoweek period to any BCO who contracts COVID-19 or has been mandatorily quarantined by public health authorities,” he said. Jacksonville-based title insurance company Fidelity National Financial Inc. also sent most of its workers home, Chairman Bill Foley said during its conference call last week. “At the onset of the pandemic, our management team worked to transition nearly 80% of our more than 25,000-person workforce based throughout the U.S., Canada and India to a remote work environment, focusing on productivity without foregoing security,” he said. Foley said Fidelity made “significant investments” in technology well before the pandemic. “This has enabled the title production and title commitment process to continue to flow smoothly,” he said.
Fidelity: Acquisition remains on track The pandemic has interrupted merger plans at a number of companies, but it has not disrupted Fidelity’s $2.7 billion agreement announced in February to buy FGL Holdings. FGL operates a Des Moines, Iowa-based annuity and life
insurance company called Fidelity & Guaranty Life. That company is not related to Fidelity National Financial. “We are well on track to completing the acquisition by the end of the second quarter or the beginning of the third quarter, once we receive all regulatory and F&G shareholder approvals,” Foley said during last week’s conference call. FGL has scheduled a virtual shareholders meeting May 29 to vote on the agreement. Foley said the company still expects the deal to increase its earnings per share by 10% this year and by 20% in 2021. “We continue to be excited about the opportunity to combine the F&G business with FNF, given the many strategic benefits that we see even in a more challenged working environment like what we are experiencing today,” he said.
Rayonier targets May 8 for Pope deal Rayonier Inc. said in a Securities and Exchange Commission filing that it expects to close its acquisition of Pope Resources on or about May 8. Rayonier agreed in January to buy the timber company for $554 million in cash and stock to add more timber resources in the Pacific Northwest to its portfolio. The agreement calls for Rayonier to buy Pope with a combination of cash and stock, with 30% of the purchase price expected to be in cash. Nassau County-based Rayonier said in the SEC filing it raised an additional $116 million at the end of March by selling 67,000 acres of timber-
Ameris Bancorp, which moved its executive offices from Jacksonville to Atlanta last year, reported lower earnings for the first quarter. The company last week reported adjusted earnings of 56 cents a share, down from 90 cents in the first quarter of 2019. The earnings were 19 cents lower than the consensus forecast of analysts surveyed by Zacks Investment Research. Ameris said earnings were lowered by an increased provision for loan losses and a write-off of servicing assets. Ameris operates 170 branches in Georgia, Florida, South Carolina and Alabama. The company said it is keeping drive-through services open at all of its offices but the branch lobbies are available for customers only by appointment.
Regency Centers downgraded J.P. Morgan analyst Michael Mueller last week downgraded Regency Centers Corp. from “neutral” to “underweight” even after the stock lost half its value since February. “While the stock has already underperformed, our take is that it could continue to lag over the near-term as COVID-19’s impact on operations begins to unfold,” Mueller said in his report on Regency and other companies that operate strip shopping centers. Jacksonville-based Regency focuses on operating centers anchored by supermarkets, which are remaining open in the pandemic. But Mueller said Regency also “tends to have greater small shop exposure than others and this tenancy is typically where headwinds can emerge… particularly as it relates to locals.” Mueller expects “significant” levels of nonpayment of rents for April and May and many stores to close permanently, which will affect all shopping center companies. However, he considers Regency a “blue chip” stock in
the sector “with a strong platform and top-notch portfolio quality.” The recent price drop “could translate into an opportunity for the stock once there is more clarity on how impacted go-forward operations will ultimately be because of COVID-19.” Morgan Stanley analyst Richard Hill also touted Regency’s operations in a report on strip center stocks this week. “Regency is our top pick long term, but we maintain our ‘equal weight’ rating as pronounced uncertainty surrounding retail real estate limits near-term catalysts,” Hill said.
Boeing calls off deal with Embraer Nearly two years after agreeing to form a joint venture with Brazil-based Embraer S.A, The Boeing Co. announced April 25 it was terminating the strategic partnership agreement. However, Embraer claimed Boeing wrongfully terminated the deal. The $4.2 billion agreement would have created joint ventures for Embraer’s commercial aviation business and its C-390 military jets. It did not involve Embraer’s assembly facility at Jacksonville International Airport for its A-29 Super Tucano military aircraft. Boeing has a repair and modification facility in Jacksonville at Cecil Commerce Center. Boeing said in a news release that Embraer “did not satisfy the necessary conditions” to complete the deal. Embraer responded with a statement saying Boeing “manufactured false claims as a pretext to seek to avoid its commitments to close the transaction.” Embraer accused Boeing of engaging in “a systematic pattern of delay” and violating the agreement “because of its unwillingness to complete the transaction in light of its own financial condition and 737 MAX and other business and reputational problems.” The Brazilian company issued a statement April 27 saying “arbitration proceedings have commenced” between the two aerospace companies. MBASCH@ JAXDAILYRECORD.COM
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JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER
JaxDailyRecord.com
BY SCOTT SAILER • STAFF WRITER
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The Winn-Dixie property at 3905 A1A S. in St. Augustine sold for $7.32 million, 4.8% more that its 2015 sales price.
ST. JOHNS
ST. JOHNS
ST. JOHNS
ST. JOHNS
DUVAL
$7,320,000
$3,125,076
$2,360,000
$2,100,000
$1,586,340
3905 Florida A1A S., St. Augustine
Florida 206 West, St. Augustine
80 Marketplace Drive, Saint Johns
Flach Drive, Switzerland
Type: Winn-Dixie Parcel size: 11.51 acres Building size: 52,011 square feet Buyer: Commodore Grocery II LLC Seller: 3905 A1A St Augustine LLC Previous sale: $6,984,000 in 2015
Type: Timberland Parcel size: 75.3 acres Buyer: 206 Timber LLC Seller: Frank W. Pepe Jr., The Frank W. Pepe Jr. Revocable Trust and Pepe Family Holdings Ltd.
Type: Wendy’s Parcel size: 1.3 acres Buyer: Combine Distributing Inc. Seller: Wen South LLC
Type: 28 residential lots in Worthington Estates Phases III and IV Parcel size: Not available Buyer: Richmond American Homes of Florida LP Seller: Mill Creek Plantation North LLC
8985 Lone Star Road and Enclave Road, Jacksonville
DUVAL
ST. JOHNS
NASSAU
ST. JOHNS
DUVAL
$800,000
$477,000
$425,000
$365,000
$350,000
5716 St. Augustine Road, Jacksonville
264 Paseo Reyes Drive, Nos. 20 and 203, St. Augustine
451573 Florida 200, Callahan
86 Washington St., St. Augustine
Flagler Center Boulevard, Jacksonville
Type: Commercial Parcel size: 3.5 acres Building size: Three buildings totaling 6,976 square feet Buyer: Arctic Air Northern Florida LLC Seller: Zahid H. and Flor Zaidi Previous sale: $140,000 in 2015
Type: Open storage Parcel size: 0.13 acres Buyer: Luxe Camping LLC Seller: Philip J. Nash Previous sale: $33,500 in 1998
Type: Stormwater retention Parcel size: 15.51 acres Buyer: Donald C. Fort Seller: FDG Flagler Center Land LLC
Type: United Electric Co. of Jacksonville Parcel size: 5.1 acres Building size: Three buildings totaling 14,682 square feet Buyer: UE Properties LLC Seller: John E. and Barbara N. Griffin and G. Bower Jeffries
Type: Professional Center at Palencia office condominium Office size: Not available Buyer: Presciano Properties LLC Seller: Homesouth/Rollings LLC
Type: Undeveloped Parcel size: 16.4 acres Buyer: Lennar Homes LLC Seller: Impact Church of Jacksonville Inc.
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 April 20-26.
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THURSDAY, APRIL 30, 2020
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Marital/ Family Law
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JACKSONVILLE DAILY RECORD / J ACKSONVILLE RECORD & OBSERVER
Survey CONTINUED FROM PAGE 1
That may be one of the main reasons that almost one-third want the economy to reopen now rather than later. That 31% was a higher percentage response than any of the other options in a COVID-19 survey taken online April 20-27. The Jacksonville Daily Record and Record & Observer surveyed subscribers and members of the NAIOP Commercial Real Estate Development Association Northeast Florida Chapter and The Jacksonville Bar Association. Responses totaled 183. Almost seven weeks ago, Mayor Lenny Curry shut down city event venues as well as stores, restaurants, malls, entertainment centers, churches and nonessential businesses to stem the pandemic. He and Gov. Ron DeSantis issued executive orders declaring a state of emergency through April 30 and ordered residents to stay at home and to practice social distancing when they go out. Both are announcing plans this week for their next steps toward reopening the economy. WHEN TO REOPEN
Of the other survey responses about when their business and industry sector should be allowed to reopen, 15% said no later than May 31 and another 15% said when new reported cases of COVID-19 in the region have declined seven consecutive days. Several businesses commented in the online survey that they are considered essential by the city and state and have not closed. About four in 10 businesses remain fully open, operating as usual, and almost as many are partially open with limited operations. Several voiced concerns about that. “My industry wasn’t closed, but I have compromised health and I’m concerned that we’ve partially locked down for nothing if we rush right back now,” said one. “We are open,” said another. “But until the public is confident that there will be recovery, there will be virtually no traffic.” Another said businesses should open “when science and fact show that the community is safe and the disease is manageable on the retreat.” One said probably toward the end of summer. “My business requires extensive domestic and some international travel, so local cases are not the only consideration.”
‘NOTHING ABOUT THIS IS USUAL’
By and large, the survey respondents were owners or presidents and CEOs. Before COVID-19, almost nine out of 10 employed fewer than 100 people. In general, they represented real estate, finance, insurance, banking, food service, business
Projects CONTINUED FROM PAGE 1
Academy seeks a QTI refund of $5,000 per job, totaling $1.5 million. The state would provide a $4,000 per job tax credit up to $1.2 million, or 80% of the rebate. The city would match that with 20%, or $300,000, at $1,000 a job. The city estimates Academy would invest more than $40 mil-
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THURSDAY, APRIL 30, 2020
JaxDailyRecord.com
Shutdown survey
The Jacksonville Daily Record and Record & Observer surveyed subscribers, readers and members of the NAIOP Commercial Real Estate Development Association Northeast Florida Chapter and The Jacksonville Bar Association. The nonscientific web survey totaled 183 responses. Percentages may not add up to 100 because of rounding and a different number of respondents for each question. Question 1: In what sector is your business? Here are the Top 10 named sectors. The “other” category made up 24% of the responses: Real estate 17% Finance/Banking 10% Insurance Business services 10% Hospitality 8% Wholesale/Retail trade 6% Health care 5% Technology 3% Personal Services 3% Manufacturing 3% Media 2%
Q2: What is the status of your business? Open, operating as usual 41% Partially open, limited 37% operation Temporarily closed 14% Other 14% Permamently closed 1% Q3: If operating as usual or partially open, what percent of employees are working remotely? 100% 30% 51-99% 27% None 20% 1-25% 16% 26-50% 7% Q4: Since COVID-19 and/or the stay-at-home orders, have you: Retained all employees 61% Reduced hours 24% Furloughed employees 14% Laid off employees 13% Reduced pay 11% Reduced benefits 3%
Q5: Pre-COVID-19, how many employees did you have? None to 3 34% 11-50 25% 4-10 22% 51-100 5% 100-300 7% 301+ 7% Q6: How many employees were furloughed? None 76% 1-10 17% 11-25 4% More than 50 2% 26-50 1% Q7: How many employees were laid off? None 83% 1-10 12% 11-25 2% 26-50 2% More than 50 2% Q8: Furloughed and laidoff employees comprise what percentage of total employment? Less than 5% 72% 5-10% 3% 11-20% 5% More than 20% 20% Q9: By what percent have your monthly sales and expenses declined in March and April? Sales drop More than 50% 38% 21%-50% 22% None-10% 22% 11%-20% 22%
Drop in expenses None-10% 59% 11%-20% 19% 21%-50% 14% More than 50% 8% Q10: Has your business applied for relief funds and loans?
The governor should 12% make one decision to lift stay-at-home orders for all of Florida The decision to reopen 9% should be left to each business owner
Q11: How likely is it your business will survive at current sales and expense levels without SBA relief funds or a loan through May 31?
Q14: When stay-at-home orders are lifted and you are able to re-open, rank in order of priority what will be your most immediate concerns?
Highly likely (80%+ probability) Somewhat likely (50% probability) Not likely (Less than (20% probability)
62% 29% 9%
Q12: When should your business and your industry sector be allowed to reopen? Now 31% Other 22% When new reported 15% cases of COVID-19 in the region have declined seven consecutive days No later than May 31 15% Between May 1 and 15 11% No later than a new 5% vaccine is available
attorneys), but there are little to no showings and there is a void in the pipeline,” said one response. The survey found that 83% of employers who responded said they retained all of their staff, although 49% of respondents to a separate question said they have reduced pay, hours, benefits or a combination. Asked how many employees were laid off, 15% said 1-50 and three responses said more than 50. Most of the small businesses, 73%, applied for federal relief funds and loans, and almost all said they asked for that or for state help or conventional bank loans. Almost two-thirds said their businesses likely would survive through May 31 without federal relief or a loan. Of the others, they expect a 50% or less probability of surviving without funding.
‘CONFIDENCE HAS BEEN DAMAGED SEVERELY’
lion into buying or leasing the property and improvements. “The negotiations have not been finalized,” the summary states. Academy seeks a REV grant that would rebate 50% of the increase in property and tangible personal property taxes generated from the capital improvements for 10 years after it takes possession of the site and starts operations. Project Academy hasn’t finalized a location in Jacksonville, but seeks to purchase or lease a site within Census tract 174.
The summary calls that area Academy’s preferred site. The 2.1-square-mile tract in the eastern area of Downtown is bounded by Eighth Street to the north, the St. Johns River to the east and south and Springfield and Downtown to the west. It is near TIAA Bank Field and the Talleyrand area.
portation and financial institutions and has a presence in Jacksonville. It is considering expanding its workforce in Jacksonville by 300 jobs at an average wage of $74,300 by Dec. 31, 2024. The summary says the project would create an estimated $1.4 million capital investment comprising real estate improvements, IT equipment, furniture and fixtures. It seeks a QTI rebate of $1.8 million, or $6,000 per job, after the
Project Skateboard is described as an IT company that designs software for health care, trans-
The governor should 48% lift stay-at-home orders county by county based on Covid 19 data The decision to reopen 31% should be left to local city and county governments
Federal PPP funding 44% SBA loan 29% State relief funding 16% Conventional bank loan 6%
services, legal services, nonprofits and the arts. Of those that remain fully or partially open, eight of 10 said their employees were working remotely – and more than half said staff was almost completely working from home. Some said they are open, but their clients closed or suspended operations. One business owner said it is open by phone and online, but not to walk-in clients. It has a strong Jacksonville client base, but most customers are from the U.S., Canada and the United Kingdom. “Nothing about this is usual,” the owner said. Some gave specific thanks. “Preexisting home construction has not stopped (thank you contractors) and houses under contract continue to close (thank you buyers, lenders and closing
PROJECT SKATEBOARD
Q13: Which would you prefer for the reopening of the economy
When it’s time to reopen, almost half of the respondents prefer that DeSantis lift stay-athome orders county-by-county based on COVID-19 data. Almost a third said the decision should be up to city and county governments. One in 10 responses said the decision to reopen should be left to each business owner. When it is time to reopen, respondents say their top priorities include having enough returning employees, acquiring inventory, knowing how long before employee pay can return to pre-COVID-19 levels and having enough working capital to restart business. “Replenishing a pipeline of prospective clients,” said one respondent. “This will take six-
Ranked by concern 1. How long it will take to reach pre-CV19 sales and profitability 2. Having enough customers return to my business 3. How my business and industry sector will have to change health and safety rules in the workplace 4. Having enough working capital to restart my business 5. How long before employee pay can return to pre-CV19 levels 6. Having enough employees return to operate 7. Acquiring inventory Q15: What is your position? Owner 52% Senior manager 24% Other 16% President/CEO 8%
12 months minimum, confidence has been damaged severely.” The response said the demand for financial products and services was down about 75% or more. “People hoard cash in times like these.” A travel firm operator said it had not closed, but is worried about how long it will take for the industry to bounce back. “Leisure travel is a luxury and many people are concerned about their financial well-being in the long run due to loss of jobs or reduction in pay,” it said. While the owner believes that the industry will come back and be stronger as a result, “the question is when.” KMATHIS@ JAXDAILYRECORD.COM @MATHISKB (904) 356-2466
jobs are created and the taxes paid. The state would rebate $4,800 per job, up to $1.44 million total, to be repaid over a six-year payout starting in 2021. The city would refund up to $360,000, or $1,200 per job. Skateboard said the financial incentives are a material factor in their decision to expand in Jacksonville. KGARWOOD@ JAXDAILYRECORD.COM (904) 356-2466
JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER
JaxDailyRecord.com
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7
THURSDAY, APRIL 30, 2020
Duval clerk keeping up, despite COVID-19
MAX MARBUT ASSOCIATE EDITOR
Office takes steps to ensure its full range of services remains available to the public. Even with restrictions created by the COVID-19 shutdown, the work done at the Duval County Clerk of Courts Office has been deemed essential by the government. In response, the office has taken steps to ensure its full range of services remains available to the public. While many clerk personnel are not in the courthouse each day, every department, with the exception of passport service at the advice of the U.S. State Department, remains open and continues to perform its functions. “Having to invent new processes on the fly is never easy, but each member of the clerk’s office has stepped up to serve and roll with the punches,” Clerk of Courts Ronnie Fussell said in an email. The office implemented
DUVAL CLERK OF COURTS WORKLOAD Documents filed with the Duval County Clerk from March 16-April 17. Type Recorded documents Call center calls Total cases filed Documents e-filed E-Pay payments E-Pay payment total
2019 2020 29,704
24,647
9,720
10,166
20,599
13,768
104,637
99,348
5,156
6,106
$781,987
$868,377
Legal assistant opening in federal court system
The Public Defender’s Office in the U.S. District Court Middle District of Florida Jacksonville Division is seeking a full-time legal assistant to provide secretarial and clerical support services to the office’s attorneys. Duties include transcription, editing and proofreading of draft correspondence, motions and briefs using knowledge of legal terminology; maintaining client files, case history and case management; maintaining court, office main calendar and attorney calendars; scheduling
Source: Duval County Clerk of Courts
an online virtual marriage application system that allows couples to set appointments to apply for their marriage licenses via videoconferencing. There’s an online system that allows electronic payment for marriage licenses, as well as requests for copies of official records such as deeds and liens. Criminal and traffic call-
center services currently are performed off-site with a 5% increase in call volume. All civil and criminal court proceedings, most of which are being conducted with videoconferencing for the first time in Duval County’s history, are staffed by clerk’s office personnel. The office is working with customers to set up payment
meetings between attorneys and clients; and receiving and routing incoming and outgoing mail. The legal assistant’s responsibilities include receptionist duties, communicating with clients, electronic document filing, library/file room maintenance, photocopying, scanning and other related duties. To qualify, applicants must be a high school graduate or equivalent with a minimum of two years of general secretarial experience and one year of specialized legal secretarial experience (criminal preferred). Education above high school level may be substituted for some experience. Candidates should possess proficiency in word processing, the ability to type accurately at a minimum rate of 60 words per minute, knowledge of legal terminology, excellent communication skills and a professional demeanor. Final candidates will take a typing and written skills test. Bilingual Spanish is preferred but not required. The annual salary range is $37,843 to $60,543. Interviews for the position will begin on or after May 14. More than one position may be filled from the posting. Applicants may send a cover letter, resume and names of three professional references in PDF format via email to martha_lugo@fd.org.
THE MARBUT REPORT
plans for criminal and traffic fines and fees to assist people with financial hardship brought on by unemployment or loss of income caused by the shutdown. The clerk’s office is accepting in-person applications at the courthouse for domestic violence injunctions and mental health petitions. The office also is: • Remaining current on processing documents for recording. • Providing a drop box system in the courthouse lobby, which is checked several times each day, for customers that need to file a paper document or make a payment in person. The public may monitor duvalclerk.com/status where updates to the clerk’s operations are posted.
MMARBUT@ JAXDAILYRECORD.COM (904) 356-2466
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THURSDAY, APRIL 30, 2020
JaxDailyRecord.com
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 April 20-26.
DUVAL
ST .JOHNS
$860,000
$808,400
8873 Shining Oak Court, Jacksonville
180 Timbercreek Drive, Ponte Vedra
Type: Single-family Lot size: 0.47 acres House size: 4,738 square feet Buyer: Christopher and Melissa Spediacci Seller: William D. Galione Previous sale: $375,000 in 2004
Type: Single-family Lot size: 0.31 acres House size: 3,880 square feet Buyer: Jason A. Aimee C. Moore Seller: TMN Construction Holdings LLC
NASSAU
DUVAL
$842,500
$800,000
1217 Manucy Road, Fernandina Beach DUVAL
$1,320,000 4568 Ortega Blvd., Jacksonville Type: Single-family Lot size: 0.53 acres House size: 5,947 square feet Buyer: Carlton P. and Leah E. Hobgood Seller: Anna M. Priebe and Paul J. Tasillo Previous sale: $1,150,000 in 2016
About the property: Split-level Ortega home featuring five bedrooms, 4½ baths, fireplaces, porch and a detached 920-square-foot apartment over a three-car garage.
Type: Single-family Lot size: 0.5 acres House size: 3,542 square feet Buyer: Matthew P. and Laura H. Trammell Seller: William D. and Morgan D. Storm Previous sale: $719,900 in 2019
Type: Single-family Lot size: 1.28 acres House size: 3,883 square feet Buyer: Yunior Molina and Annette Lorenzo Seller: Sharon J. Albright
DUVAL
ST. JOHNS
$830,000 ST. JOHNS
ST. JOHNS
NASSAU
$1,246,715
$1,015,000
$921,409
209 Rum Runner Way, Saint Johns
105 Alice Way, Ponte Vedra Beach
95131 Wild Cherry Drive, Fernandina Beach
Type: Single-family Lot size: 0.11 acres House size: 3,073 square feet Buyer: Michael D. and Christine Ferreira Seller: American Luxury Homes LLC
Type: Single-family Lot size: 1.63 acres House size: 3,850 square feet Buyer: Derek D. and Elizabeth R. Hyatt Seller: Lynn Y. Cabrera and the Lynn Y. Cabrera Living Trust
Type: Single-family Lot size: 0.3 acres House size: 3,089 square feet Buyer: James L. and Mary L. Millette Seller: ICI Jacksonville Residential Holdings LLC
11789 Brady Road, Jacksonville
$750,000
3777 Fenwick Island Drive, Jacksonville
705 Pinehurst Place, St. Augustine
Type: Single-family Lot size: 0.5 acres House size: 4,089 square feet Buyer: Mark A. and Patricia Boleky Seller: Christopher J. Himebauch and Catherine Kirkpatrick Previous sale: $450,000 in 2015
Type: Single-family Lot size: 0.31 acres House size: 3,548 square feet Buyer: Christopher A. and Deborah J. Dubey Seller: Gary C. and Teri D. Blaszkiewicz Previous sale: $550,000 in 2015
MODEL HOME OPEN BY APPOINTMENT $15,000 Grand Opening Builder Incentive *
800-728-1934 x8007 • www.WatersideatSanPablo.com For Direct Sales Inquiries Call Steve Williams 904-241-8687 *See Agent for Details. Subject to change without notice. For financing information, contact Paul Miller (NMLS# 121182) at CenterState Bank Mortgage. Cell: (904) 334-8080 | Email: paul.miller@centerstatebank.com www.csbankmortgage.com/paul-miller Subject to credit approval. CenterState Bank, N.A. NMLS# 403455
333622-1
RESIDENTIAL REAL ESTATE
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