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Mathis Report: 1.1M square feet of industrial projects in works PAGE 3

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Record & Observer Hakimian to upgrade Southside retail plaza

MAYOR’S 2020-21 CITY BUDGET PROPOSAL JACKSONVILLE

Budget ‘a different Record & Observer set of challenges’

The Jacksonville-based developer will renovate the Promenade Shopping Center and sell some acreage for apartments.

JACKSONVILLE

Record & Observer

Mayor Curry’s $1.34 billion spending proposal includes $239 million in capital improvements with a focus on Northwest Jacksonville and resiliency. JACKSONVILLE

BY KAREN BRUNE MATHIS EDITOR

Hakimian Holdings Inc. intends to start upgrading the Promenade Shopping Center in the fourth quarter for full conversion into the Gates of the Promenade, add more retail space and sell some of the property for apartments. Jacksonville-based Hakimian Holdings estimates those projects represent a $36 million investment at the almost 3 0 - ye a r - o l d property at 8595 Beach Blvd., west of Southside Hakimian Boulevard. Hakimian Holdings intends to invest $2 million to upgrade the 115,835-square-foot center and $3 million to build about 20,000 square feet of additional speculative retail space, according to Blake Hakimian, Hakimian senior vice president of leasing. Hakimian Holdings intends to sell 11 acres to a developer for an estimated $31 million project of 240 high-end apartments. Hakimian said the apartment site will become the residential component of the mixed-use development. “We intend to transform the Southside – Beach Blvd. corridor into a beautiful and convenient place for families to live, play, and shop,” Hakimian said by email.

Record & Observer

BY MIKE MENDENHALL STAFF WRITER

Jacksonville Mayor Lenny Curry proposes a $1.34 billion fiscal year 2020-21 general fund budget with no tax increases and an emphasis on infrastructure projects for Northwest Jacksonville and sea level rise resiliency. Curry offered a plan with a 5.6% increase in spending over the $1.267 billion budget approved in 2019, despite tax impacts by COVID-19. The mayor told members of City Council during his annual budget address July 15 that spending and projects in a proposed $239 million capital improvement program were drafted through the lens of the global pandemic’s impact. “We need to recognize what a difference a year can make,” Curry said. “When I presented a budget to you last year, every projection indicated we would continue to have record levels of economic growth ahead of us. Now, with the impact of COVID-19, we face a different set of challenges and opportunities.” Curry administration officials offset a $14.408 million, or 7.9%,

BUDGET HIGHLIGHTS

$1.34 billion budget a 5.6% increase Jacksonville Mayor Lenny Curry’s proposed $1.34 billion fiscal year 2020-21 budget is a 5.6% increase in spending over the $1.267 billion budget approved in 2019. The city expects a $14.408 million, or 7.9%, drop in shared state sales tax from 2019, largely due to the impact of COVID-19. After the mayor’s budget address, City Council member Aaron Bowman said “ad valorem (tax revenue) is what saved us this

year,” after the budget documents indicate a $50.66 million increase in ad valorem property tax revenue for 2020-21. Curry’s budget asks the Council to authorize $176 million in debt to pay for the proposed $239 million capital improvement program. The budget states $29.7 million will be funded by “pay-go,” or cash on hand, and the remaining $33.3 million would come from city funds and sources.

$100 million Northwest Jacksonville projects The budget calls for $100 million in proposed multiyear infrastructure projects targeting Council districts 7, 8, 9 and 10 in Northwest Jacksonville. Curry called the infrastructure investment during his July

15 speech an effort to close historical racial inequities demanded during recent protests and work toward the “unfulfilled promises” of consolidation in Duval County.

$47 million for hydrology and resiliency Curry’s budget offers $47 million in hydrology and resiliency projects, as the Council Special Committee on Resiliency works toward establishing policies to

mitigate the impacts of sea level rise on city infrastructure, private development and the St. Johns River and its tributaries.

TOP CAPITAL IMPROVEMENT PROJECTS, PAGE 10

SEE BUDGET, PAGE 10

SEE HAKIMIAN, PAGE 7

What’s Trending: Work to begin on new JEA headquarters PAGE 2 The top sales of the week in commercial real estate PAGE 6 Marbut Report: Three Republicans vying for clerk of courts PAGE 12

THE BASCH REPORT

Economist says pandemic turns metrics ‘upside down’ Earnings will be difficult to decipher. PAGE 4 VOLUME 3, NO. 7 ONE SECTION

WHAT’S TRENDING

JaxDailyRecord.com JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER 2

JACKSONVILLE 16, 2020 DAILY RECORD / JACKSONVILLE RECORD & OBSERVER THURSDAY, JULY

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.

Daily Record Work to begin on new JEA headquarters JACKSONVILLE

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HOW TO REACH US Ryan Companies US Inc. Senior Project Manager Mike Harryman said 121 W. Forsyth St., Suite 150, Jacksonville, FL, 32202 to expect barricades and fencing to Phone: (904) 356-2466, Fax (904) 353-2628 be in place around JEA’s next Downtown corporate headquarters site no jaxdailyrecord.com later than next week and construction ABOUT US will “begin in earnest” within the next month. Jacksonville Daily Record and Jacksonville Record & Observer are a division of Harryman gave Inc. an update on the Observer Media Group $64 million to $68 million project File image July 14 during Downtown Vision Inc.’s An artist’s rendering of the new JEA Established in 1912, the Financial News & Daily Record, now the Jacksonville Daily quarterly stakeholder meeting.and Ryan headquarters. Record, is published Monday-Friday is the Official Court Newspaper of the Circuit as the developer and landlord Courtserves and publisher of public notices in Duval County. on the project. close one city block to traffic on West Harryman said&construction 225weekly Jacksonville Record Observer is aatfree business newspaper available in Street from North Street N. Pearl St. will include eight weeks of Downtown Jacksonville and key business nodesMonroe throughout Jacksonville. ToPearl find a to North Julia Street, and the southdeep foundation pile driving for the location near you, visit jaxdailyrecord.com/rack-locations. bound lane on North Julia Street also public utility’s seven-story headquarwillaclose. terscontent and adjacent eight-level parking Editorial focuses on news and trends, with concentration on development, Ryan complete the buildgarage. real estate, construction, law, companies, economic andexpects industryto trends and how local ing in early 2022. Harryman said the construction will and state government affects business.

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THURSDAY, JULY 16, 2020

Four industrial projects total 1.1M square feet

Becknell Industrial applied to the city for a permit to build a 477,362-square-foot speculative building on almost 45

NORTHPOINT

Pattillo Industrial Real

RESTAURANT NOTES Sugarfire to Atlantic: The city is reviewing a permit application for Sugarfire Smoke House to replace kitchen equipment in the former Panera Bread location at 12959 Atlantic Blvd. at a cost of $150,000. The permit includes other interior work, including painting and refurbishing dining areas and the serving line in the 4,560-square-foot space. Wareh Contracting Corp. of Jacksonville is the contractor. The barbecue chain is based in St. Louis. Shy Patel, one of four members of the franchise ownership group, said April 3 the state’s first Sugarfire Smoke House could open within three months of permitting. The city also is reviewing a permit for minor interior demolition to remove the servery counter, booth and other seating, carpet tiles and other items.

Culver’s to Collins Town Center: Harmony Farms of Jacksonville L.L.C. sold 1.04 acres at 7923 Parramore Road to GPZ Solutions LLC for $1.055 milllion. GPZ Solutions is led by Petar Stamov, the franchisee for the proposed 3,546-square-foot Culver’s restaurant at the site in Collins Town Center in southwest Jacksonville. The sale was executed June 25. The city issued a permit April 27 at a construction cost of $1.45 million. Another Broken Egg Cafe to Atlantic North: The city is reviewing a permit for Advanced Building Specialties of Mississippi to build-out 3,300 square feet of space at 11949 Atlantic Blvd. in Atlantic North at a cost of $459,000 for the Another Broken Egg Cafe. The name — Another Broken Egg Cafe — was the identity the chain took when it opened its second restaurant and began to expand. The Broken Egg Cafe opened in 1996 in Old

Mandeville, Louisiana. The Another Broken Egg Cafe opened in 1998 in Destin. Subsequent restaurants and franchises kept that name. Damaged Bono’s in Town Center: The city is reviewing a permit for Realco Recycling Co. Inc. to demolish the fire-damaged Bono’s Pit Bar-B-Q restaurant at 10065 Skinner Lake Drive at a cost of $10,000. Bono’s Pit BarB-Q was damaged in a fire in March.

RETAIL NOTES Atlantic North fill-in shops: The city is reviewing plans to add more than 68,000 square feet of infill retail development in the Atlantic North shopping center at 11901 Atlantic Blvd. at northwest Kernan and Atlantic boulevards. A site plan shows two “future build areas,” with 22,000- and 25,000-square-foot stores between Belk and Earth Fare and five spaces between Academy and LA Fitness.

TRADEPORT

RM Domus of Miami filed civil plans with the city July 8 for a 45,434-square-foot warehouse on 3.91 acres at Vantage Way South and International Airport Boulevard. Goodson Bergen & Associates is the civil engineer. Ebert Norman Brady Architects is the architect. No tenant is identified. KMATHIS@ JAXDAILYRECORD.COM @MATHISKB (904) 356-2466

Of those five, the largest are 19,000, 10,000 and 8,500 square feet. Sleiman Enterprises is the developer. No tenants were identified. President Toney Sleiman said previously that he is working with Best Buy, but did not confirm it would be in Atlantic North. NorthPoint Village: England-Thims & Miller Inc. filed civil engineering plans with the city for the Northpoint Village Shopping Center at northeast New Berlin and Yellow Bluff roads in North Jacksonville. It will be anchored by a 48,387-square-foot Publix Super Markets Inc. store. Plans show more than 66,000 square feet of space, some on each side of the Publix, along with five outparcels of 0.89 to 1.53 acres on about 16.5 acres. International Management Co. LLC announced in a news release April 22 that it signed a lease with Publix to anchor the center. IMC expects to complete it in summer 2022.

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The St. Johns River Water Management District is reviewing plans for a stormwater management system to serve Lane Industrial Park, a 23.85-acre project at northwest West 12th Street and Lane Avenue North in West Jacksonville. Plans call for two 160,000-square-foot multitenant warehouses. Calix Holdings LLC of Coral Gables is the developer. Legacy Industries of Jax LLC is the land owner. Civil engineering firm GAI Consultants Inc. requested site plan review in March from the Jacksonville Planning and Development Department Development Services Division. GAI prepared the plans for Pan American Companies of Coral Gables. Legacy Industries of Jax LLC, led by manag-

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Four industrial projects are moving through development in North and West Jacksonville. Becknell Industrial applied for a permit at Westlake Industral Park; Pattillo Industrial Real Estate plans a distribution warehouse in NorthPoint Industrial Park; Pan American Companies is working on warehouses in West Jacksonville; and RM Domus Developers Corp. wants to build in Jacksonville International Tradeport.

Estate filed civil plans with the city July 7 for the proposed 314,900-square-foot Building 7 at 3397 Port Jacksonville Parkway in Pattillo’s NorthPoint Industrial Park. Development is estimated at $16 million. Pattillo Vice President Peter Anderson said the company is permitting for speculative construction. There are no prospects at this time. Pattillo hopes to start construction by year-end pending leasing over the next three months at existing structures. Plans show parking for trucks on two sides of the proposed distribution warehouse. Houston Engineering Inc. of Conyers, Georgia, is the civil engineer. NorthPoint Industrial Park is east of Interstate 95 and between Faye, Alta and New Berlin roads in North Jacksonville.

“

The largest project is a 477,362-square-foot speculative building in Westlake Industrial Park.

Special to the Daily Record

Pattillo Industrial Real Estate filed plans for a proposed 314,900-square-foot speculative warehouse in NorthPoint Industrial Park.

THE MATHIS REPORT

KAREN BRUNE MATHIS EDITOR

acres at 13522 Pritchard Road in Westlake Industrial Park. No contractor is listed for the estimated $17 million project on Lot 21. The project would include 2,366 square feet of speculative office space. The developer is Pritchard Road Florida Becknell Investors II LLC, part of Becknell Industrial. Becknell, based in Lyons, Illinois, is an active landlord in the market. Becknell’s 171-acre site in Westlake is allocated for up to 1,536,800 square feet of space. Site plans filed with the city show three proposed buildings. The 477,362-square-foot structure can be expanded by 561,371 square feet to total almost 1.04 million square feet. The other two buildings comprise No. 2 at 140,130 and No. 3 at 194,400 square feet. The St. Johns River Water Management District issued a permit March 19 to authorize the construction and operation of a stormwater management system. Guy Preston, executive director of Colliers International Florida, said March 26 the permit will advance the development of a 477,000-square-foot speculative building, although there is no development date.

JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

THURSDAY, JULY 16, 2020

JaxDailyRecord.com

THE BASCH REPORT

Second-quarter earnings hard to assess sion filing, Wainscott is not replacing Carter. The filing said Wainscott’s appointment resulted from a search started months ago to replace another unnamed director who is contemplating retirement before next year’s annual shareholders meeting. CSX still is searching for a replacement for Carter on its 11-member board, it said.

MARK BASCH CONTRIBUTING WRITER

CoreLogic rejects Cannae-led $7 billion offer

Economist tells NAIOP that the metrics are “turned upside down.” Second-quarter earnings reports begin coming in this week from major corporations, and it will be more difficult than ever to interpret the numbers. “Q2 will be the first full quarter we have the COVID virus with us,” K.C. Conway, chief economist for the CCIM Institute said last week. Businesses started feeling the full impact of the pandemic in the last half of March, which for most companies was only the last two weeks of the first quarter. The second-quarter numbers obviously will be affected more by the pandemic. But it might be tough to assess what the data tells us, Conway said during a webinar for the NAIOP Commercial Real Estate Development Association Northeast Florida Chapter. “All the metrics we have been using our whole career have all been turned upside down,” he said. As an example, he pointed to the big increase in jobs nationally in June as people came back to work after pandemicrelated business closures. “The June jobs report was the best number we had since God created the world,” Conway said. Yet, new claims for unemployment insurance were still at more than 1.5 million per week last month. “These numbers don’t make any sense,” he said. Some people are hoping for a “V-shaped” recovery, with the economic numbers shooting back up after falling sharply a couple of months ago. Conway expects it to be more choppy. “I’m in the camp we’re going to be in a ‘W’ recession, not a

Special to the Daily Record

K.C. Conway, chief economist for the CCIM Institute.

‘V,’ ” he said.” Conway’s presentation was supposed to be made to a NAIOP-CCIM quarterly luncheon, but it was changed to an internet presentation because of the pandemic.

Worst quarter in 12 years expected for the S&P 500

First-quarter earnings among S&P 500 companies fell 12.8%, according to data firm Refinitiv’s Institutional Brokers Estimate System, and the second quarter is expected to be much worse. Refinitiv said the estimates project S&P 500 earnings to drop by 44.2% from the second quarter of 2019, which would be the worst performance since earnings fell by 67% in the fourth quarter of 2008. The firm said revenue is projected to fall by 11.4%, after falling by 1.4% in the first quarter. As the 2007-08 recession ended, S&P 500 companies rebounded sharply. Fourthquarter 2009 earnings tripled from the low levels a year earlier, according to Refinitiv. The firm said earnings are expected to pick up again from the current recession in 2021, with second-quarter 2021 profits expected to rise by 71.2%.

CSX, Landstar report next week Earnings season for Jacksonville-based companies kicks off next week when CSX Corp. and Landstar System Inc. report their second-quarter numbers after the market closes July 22.

In a preview on transportation company earnings last week, Morgan Stanley analyst Ravi Shanker projected CSX’s revenue to be down about 26% for the quarter. That obviously will hurt earnings for the railroad company. “While cost actions have been significant, we do not see them fully offsetting the revenue declines,” Shanker wrote in his report. He projects trucking company Landstar’s revenue to be down by nearly 30% and said its exposure to “cyclical flatbed markets” could hurt its earnings. Like Conway, Shanker said it may be difficult to analyze the companies’ performance because of the pandemic. “Given the extreme macro disruption we saw in 2Q with COVID-related shutdowns, it is clear that this could be the worst earnings quarter in years, if not decades,” he said. “We will bring our noise cancelling headphones and hope we can hear anything at all.”

CSX adds retired CEO to its board CSX last week said James Wainscott, retired CEO of AK Steel Holding Corp., was appointed to its board of directors. Pamela Carter retired as a director in May after Wainscott 10 years on the board but according to a Securities and Exchange Commis-

CoreLogic Inc.’s board of directors last week rejected an unsolicited $7 billion buyout offer from Cannae Holdings Inc. and Senator Investment Group. The housing market data firm’s board of directors evaluated the offer and determined it “undervalues the Company, raises serious regulatory concerns, and is not in the best interests of its shareholders,” CoreLogic said in a news release. The proposal “fails to address the serious regulatory concerns raised by significant overlaps between CoreLogic and the network of companies associated with Cannae’s Chairman, including Black Knight and Fidelity National,” CoreLogic board Chairman Paul Folino said in a news release. Cannae Chairman Bill Foley also is chairman of Jacksonville-based title insurance company Fidelity National Financial Inc. and mortgage technology firm Black Knight Inc. Investment company Cannae and Black Knight both were spun off from Fidelity. After their offer was rejected, Cannae and Senator issued a news release saying CoreLogic’s board has rejected requests for a meeting to discuss it. “If CoreLogic elects to ignore its shareholders and instead continues with its current course of action, we will call a Special Meeting to replace the Board as early as July 28th,” they said. “As for ‘regulatory’ concerns and ‘business overlaps’, we thoroughly reviewed all potential regulatory and antitrust matters prior to making our proposal and determined that there are no material hurdles to our consummating a transaction,” the two firms said.

Cannae and Senator offered to buy CoreLogic for $65 a share, with the stock trading at $52.93 before the offer was announced June 26. The stock has continued to trade above $65 since the offer was announced, indicating Wall Street anticipates a higher offer from Cannae and Senator or another bidder.

Stein Mart sets annual meeting Stein Mart Inc. last week filed a proxy statement to hold its annual shareholders meeting Sept. 1. The Jacksonville-based fashion retailer normally holds its annual meeting in June but because of the COVID-19 pandemic, it filed its annual report and proxy statement later than usual. Stein Mart is planning to hold the meeting in its Jacksonville headquarters office. Most companies who held annual meetings in the spring turned to online virtual meetings instead because of COVID-19 concerns, but Stein Mart is hoping to be able to host an in-person meeting. Stein Mart in January agreed to a buyout by affiliates of Kingswood Capital Management L.P. and had filed a proxy for a special shareholders meeting to vote on the deal. But with the uncertainty of the pandemic, the buyout deal was terminated in April.

Former mCig merges with Bitcoin firm Bots Inc., formerly known as mCig Inc., said July 13 it acquired the majority of the assets of digital currency firm First Bitcoin Capital Corp. After an exchange of stock, First Bitcoin became the largest shareholder of Bots. Bots was based in Jacksonville and was focused on cannabis products, but now it describes itself as a blockchain solutions and robotics company. In addition to changing its name, the company moved its headquarters to San Juan, Puerto Rico. Bots last week began trading under a new ticker symbol, “BTZI.” It previously traded under “MCIG.” MBASCH@ JAXDAILYRECORD.COM

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THURSDAY, JULY 16, 2020

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JaxDailyRecord.com

Top commercial sales of the week BY SCOTT SAILER • Staff Writer

Here are the top 10 commercial real estate sales in Northeast Florida, comprising Duval County. The sales were recorded July 3-12. DUVAL

DUVAL

$38,468,071

$5,315,000

5710 Lenox Ave., Jacksonville

5735 Philips Highway, Jacksonville

Type: Madelyn Oaks Apartments Parcel size: 26.85 acres No. of units: 360 Buyer: SREIT Madelyn Oaks LLC Seller: Lenox Court Associates Ltd.

File image

Madelyn Oaks Apartments at 5710 Lenox Ave. sold for $38.5 million.

DUVAL

$2,600,000

$2,590,000

325 W. Adams St., Jacksonville

11228 Beach Blvd., Jacksonville

1319 Dunn Ave., Jacksonville

Type: Wawa Parcel size: 1.95 acres Building size: 6.119 square feet Buyer: SCI Georgia Funeral Services LLC Seller: BW Philips Bowden LLC

Type: Future JEA offices Parcel size: 1.52 acres Buyer: Ryan Jacksonville LLC Seller: City of Jacksonville

Type: Taco Bell Parcel size: 0.56 acres Building size: 2,924 square feet Buyer: The Galloway Family 1998 Trust Seller: David C. Marquis Previous sale: $2,038,000 in 2007

Type: Taco Bell and vacant commercial land Parcel size: 1.49 acres Building size: 2,808 square feet Buyer: TB Dunn LLC Seller: 8315 Broadway LLC Previous sale: $2,130,000 in 2014

DUVAL

$1,300,000

$1,240,000

$1,185,000

$1,090,000

$1,010,000

8106 and 8116 Old Kings Road S., Jacksonville

13916 Woodland Drive, Jacksonville

7835 Morse Ave., Jacksonville

2220 Corporate Square Blvd., Jacksonville

General Avenue, Jacksonville

Type: Undeveloped commercial Parcel size: Not available Buyer: BFC Property Holdings Inc. Seller: Woodland Signature LLC

Type: Town & Country Mobile Home Park Parcel size: 4.93 acres Buyer: Town and Country MHC LLC Seller: TCMHP LLLP Previous sale: $175,000 in 1990

Type: Manufacturing Parcel size: 1.36 acres Building size: 21,362 square feet Buyer: Ace Door & Window Service Inc. Seller: George R. Davenport

Type: Undeveloped industrial Parcel size: 18.51 acres Buyer: Kudzue 3 Trucking Inc. Seller: Titan Florida LLC Previous sale: $750,000 in 2004

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Type: Commercial Parcel size: 1.38 acres Building size: Two buildings totaling 14,880 square feet Buyer: Ajjan Properties 2 LLC LLC Seller: Old Kings Road Partners LLC Previous sale: $615,000 in 2010

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COMMERCIAL REAL ESTATE

JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

JaxDailyRecord.com

THURSDAY, JULY 16, 2020

Commercial Listings MLS#1035870 4131 UNIVERSITY BLVD. 5 JACKOSNVILLE, FL. 32216

Nicole Ryan

MLS#1060237 11235 ST. JOHNS INDUSTRIAL PKWY. 3, JACKSONVILLE, FL. 32246 Images special to the Daily Record

Hakimian Holdings Inc. intends to invest $5 million into the Promenade Shopping Center it bought in October by upgrading and expanding it as the Gates of the Promenade.

Hakimian CONTINUED FROM PAGE 1

“We are long-term holders of our properties and we’re inspired by the opportunity to be a part of the enormous growth story that is Jacksonville, Florida,” he said. Hakimian said the upgrades and addition to the center will start in the fourth quarter for completion in the third quarter of 2021. No contractor has been announced, he said. He anticipates the apartment development will be completed in two years. The retail space will be added on the west end of the site at Beach and Grove Park boulevards. The apartments are planned on undeveloped land behind the retail center to the north. Through Gates of The Promenade LLC, Hakimian paid $11.95 million Oct.15 to buy the center from Phillip Edison & Co. Inc., a Cincinnati-based real estate investment trust.

The purchase boosted Hakimian’s retail space owned to more than 1 million square feet. It was the company’s 26th purchase and its largest retail acquisition to date. Hakimian said in October that it will upgrade the façade, lift the tree canopy, improve the parking lot and reposition the tenant mix to focus on more servicedriven businesses. The Promenade is anchored by Rowe’s IGA Supermarkets, Planet Fitness and the Armed Forces Career Center. The Promenade was built in 1991, property records show. Hakimian said the shopping center remains at 94% occupancy, the same “as when we bought it, but we have had a lot of interest since we enhanced lighting and the landscaping. “After the modernization of the shopping center, we plan to attract national brands that are favorites of the community and are family-friendly,” he said. KMATHIS@JAXDAILYRECORD.COM @MATHISKB (904) 356-2466

Nicole Ryan

MLS#155246 5135 COLLEGE ST. JACKSONVILLE, FL. 32205

Nicole Ryan

MLS#1034100 3860 FL-16 GREEN COVE SPRINGS, FL 32043

Nicole Ryan

336625-1

your trusted

To: Karen Brune Mat

Hakimian Holdings Inc. intends to build 20,000 square feet of speculative retail space on the western pad site and sell 11 acres to the north for development of 240 apartments.

his

ur team for k you to you and yo an th y sa d an ite wr cord. I wanted to Jacksonville Daily Re e th in t ou ws ne s find the news getting the busines about 1.5 years and r fo w no ng ibi cr bs pulse of I’ve been su keep a finger on the e m lps he rt po re u and information yo sonville. y hometown of Jack what is going on in m y clients in y company has man m t bu a, rid Flo h ut I live in so is going on there. lps us to know what he it d an ille nv so ck with many Ja siness and we work bu ing ult ns co al tri a nnect and Magnus is informed helps me co ing be el fe I s, ey rn Jacksonville atto em. communicate with th ! ep up the good work So, thank you and ke Regards, .M. David H. Fauss, M.S Services Director of Consulting

Subscribe today! To take advantage of our special offer call 877-231-8834 or email: Subscriptions@JaxDailyRecord.com What Promenade Shopping Center looks like now and a rendering of what it will look like after the renovation.

JACKSONVILLE

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JACKSONVILLE

Daily Record // Record & Observer JaxDailyRecord.com

JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

THURSDAY, JULY 16, 2020

JaxDailyRecord.com

DEVELOPMENT TODAY These are the largest commercial building permits by job cost issued July 14 by the city of Jacksonville. Amlie

Barnes

Braswell

Callahan

Désir

Edelman

Johnson

SCHOOL, LIBRARY, OTHER EDUCATIONAL The Bolles School, 7400 San Jose Blvd., contractor is Stellar Group Inc., 1,842 square feet, restroom and bleachers, $450,000. SIGNS

Scofield

Timberlake

Voss

Fafard

Miller

Gate Car Wash, 3510 Blanding Blvd., contractor is Harbinger LLC, six permits for ground and wall signs, $63,900. Argyle Lake at Oakleaf Town Center, 9849 Crosshill Blvd., contractor is Construction Specialties of North Florida LLC, monument sign, $21,000. Carrington Place, 11815 Alden Road, contractor is Xeye Inc., directional location map sign, $7,176. ShareMD, 841 Prudential Drive, contractor is Taylor Sign & Design Inc., wall sign, $6,000. Armed Forces Career Center, 9400 Atlantic Blvd., No. 1, contractor is Heritage Signs Inc., wall sign, $4,777. Units Moving and Portable Storage, 1625 Jessie St., contractor is Farm Out Design Services LC, two permits for wall signs, $1,400. Vanity Hair Salon, 604 New Berlin Road, contractor is Shark Signs of NE FL Inc., wall sign, $1,000.

Pellum

Pet Paradise named Claudia Sáenz Amlie the company’s first chief people officer to the company’s human resources organization. Pet Paradise is a Jacksonville-based pet care provider offering boarding, day camp, grooming and veterinary services with 50 locations in operation or under development across the U.S. It intends to open seven this year. Amlie previously was chief human resources officer at Acosta Inc., where she oversaw more than 25,000 employees in 100 offices across North America. The Jacksonville Historical Society appointed Kristanna Broward Barnes to its board of directors. Barnes, a seventh-generation Jacksonville native, is the daughter of late Jacksonville architect Robert Broward and the late Marjorie Broward. Barnes is co-owner of Wick: A Candle Bar in San Marco with her son, Hampton Barnes. She served on the Duval County School Board from 2000-08. VyStar Credit Union hired Allie Braswell Jr. as vice president of Diversity, Equity and Inclusion, a newly created position to strengthen VyStar’s ability to promote equality. Braswell is responsible for planning and directing all aspects of VyStar’s diversity programs involved in recruiting, retaining and training a talented, diverse workforce. Braswell previously held management-level positions in information technology, global diversity and inclusion, and corporate social responsibility at organizations such as The Walt Disney Co., Mayo Clinic and ACS State & Local Solutions. Mary Ann Callahan became the board chair of Junior Achievement of North Florida starting July 1 through June 30, 2022. She is the production executive for the centralized and online retail auto sales team for Bank of America. Callahan previously served on the

executive committee as vice chair and secretary. She joined the board as a member in 2016 and chaired the $mart Women Make Change fundraising event to support the JA Girl$ Initiative. Jax Federal Credit Union appointed Rodomir Désir to its board of directors. Membership will vote on the appointment at the annual meeting this fall. Désir replaces Mary Jones, who announced her retirement. Désir is the pharamcy manager of Ascension St. Vincent’s Southside Outpatient Pharmacy. Dan Edelman joined the UF Health Proton Therapy Institute board of directors for a three-year term. He will serve on the finance committee. Edelman is a principal of Heritage Capital Group, an investment banking and financial advisory firm. Marva Johnson joined the Jacksonville 2020 Host Committee that is leading the efforts to host the Republican National Convention. Johnson, who worked on the 2012 Tampa Convention, has more than 20 years in the communications industry. She is group vice president for state government affairs of Charter Communications’ Southern Region. The Museum of Science & History appointed Jane Scofield as its chief financial officer. She most recently served as CFO for 121 Financial Credit Union where she was responsible for the accounting, finance and human resources teams. Before that, she was the principal and director of business advisory services at Ennis, Pellum & Associates, CPAs. Angela Timberlake will join JAXUSA Partnership, the economic development division of JAX Chamber, as vice pesident of Elevate Women, to address identified gender gaps

in Northeast Florida leadership. Timberlake worked with Acosta Sales and Marketing from 2006-18, including as vice president of talent development and effectiveness. She joins JAXUSA after starting her own business, Brilliant Leadership Group, an executive coaching and development firm. Greg Voss became CEO of Seamark Ranch, replacing Fred Meiners after nearly 15 years of service. Voss most recently was vice president with the St. Johns County Chamber of Commerce. Seamark Ranch provides a traditional home environment for children from families in crisis. The business administrative office is in Jacksonville and the ranch office and school are in Green Cove Springs.

STORES, MERCANTILE

Leadership Jacksonville announced its 2020-21 officers and new members to its board of directors. The Leadership Jacksonville board of directors is led by: n President Bruce Fafard, chief operating officer with the Museum of Science and History n President-elect Kathy Miller, senior vice president of financial services and tax, Regency Centers Corp. n Secretary/Treasurer Ron Pellum, president of Ennis, Pellum & Associates, CPAs n Immediate past President Chuck Hedrick Additions to the Leadership Jacksonville board are Mary Fisher, president and owner, Mary Fisher Design; Helen Jackson, pastor, Prince Chapel AME Church; Debbie Johnson, director of operations, St. John’s Cathedral; Mincy Pollock, owner and founder, Florida Care Assurance Group; Sandy Ramsey, retired; and Mark Sirota, vice president, finance, Jacksonville Jaguars.

T-Mobile, 11200 San Jose Blvd., No. 103, contractor is M.D.S. Builders Inc., 3,483 square feet, tenant build-out, $275,000. Dawkins Inc., 1301 W. Beaver St., contractor is Realco Recycling Co. Inc., 4,000 square feet, partial warehouse demolition, $26,800. Compiled by Scott Sailer

THE DAILY BRIEF There’s a shortcut to staying in the loop Don’t miss a story. Subscribe to the Daily Brief and we’ll send our top news to you Monday-Friday morning via email. To sign up, visit JaxDailyRecord.com and look for the “Sign up” box, enter your email and you’ll be set.

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JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

THURSDAY, JULY 16, 2020

JaxDailyRecord.com

Proposed $238.9 million Capital Improvement Plan The 2020-21 Capital Improvement Plan comprises 121 projects to develop infrastructure and to improve and maintain existing facilities. The plan is a multiyear forecast of major capital buildings, infrastructure and other needs. The proposed CIP budget for 2020-21 is $238.9 million. Priority program areas comprise drainage; environment/quality of life; parks; public facilities; public safety; roads, infrastructure and transportation; and targeted economic development.

McCoys Creek improvements

UF Health capital improvements

Gate Parkway traffic calming

PROPOSED CIP 2020-21 HIGHLIGHTS: Amount Project $29.3 million Improve McCoys Creek along Riverside Avenue in Brooklyn $20 million Capital improvements at UF Health $15.7 million Stormwater improvement projects and the Water/Wastewater System Fund $14.1 million Expand the Trail Ridge Landfill $12.3 million Curb ramps, sidewalks and improvements at city buildings to comply with the Americans with Disabilities Act $12 million Resurface roadways $7.7 million Fire station construction and improvements $6 million Rebuild and raise bridges over McCoys Creek at Stockton Street and King Street $6 million Replace the Oceanway Public Library in Northwest Jacksonville $5.5 million Build and maintain bulkheads along the St. Johns River and tributaries $5 million Improvements at the Jacksonville Zoo and Gardens $3.2 million Restore the historically black Mount Olive cemetery along West 45th Street $3 million Countywide park maintenance $3 million Soccer fields at Sheffield Park $2 million Sports fields at Palmetto Leaves Regional Park $2 million Repave the Jacksonville Baldwin Rail Trail $2.5 million Ditch cleaning and restoration $3 million Enhance and extend the Southbank Riverwalk $2.6 million Mayport Community Center $1.4 million Beautify Moncrief Road from 34th Street to 45th Street $1.35 million Gate Parkway traffic calming $1 million Improvements at the Florida Theatre

Special to the Daily Record

Jacksonville Mayor Lenny Curry delivers his annual budget address to City Council on July 15. The speech was virtual because of the COVID-19 pandemic.

Budget CONTINUED FROM PAGE 1

drop in shared state sales tax from 2019, because of the impact of COVID-19, with a $50.66 million increase in ad valorem property tax revenue and $35 million more in borrowed money, according to a revenue breakdown in the budget. The drop in sales tax was not as high as the $30 million estimated drop Curry’s CFO Patrick “Joey” Grieve told Council to expect during a Finance Committee meeting in April. The CIP includes $100 million in infrastructure spending targeting Council districts 7, 8, 9 and 10 in Northwest Jacksonville, which Curry said is an effort to help close historical racial inequities demanded by protesters in late May and early June. “I’ve also heard the righteous demands from our community to address social justice and the economic disparities in our community,” Curry said. “That includes infrastructure promises made long ago when our city was consolidated that have yet to be fully realized.” The 2020-21 CIP includes 121 projects, according to budget documents, with $47 million in spending on hydrology and resiliency infrastructure. Curry said the money spent on drainage and smaller waterway improvements will complement the Council Special Committee on Resiliency’s work toward establishing long-term policies to mitigate the impacts of sea level rise on city infrastructure, private development and the St. Johns River and its tributaries.

Under the 2020-21 budget proposal, the city’s millage rate would stay flat at $11.4419 per every $1,000 of taxable property value. The Council could change that as it reviews and amends the spending plan during August budget hearings. After Curry’s speech, Council Finance Committee Chair Matt Carlucci and Council President Tommy Hazouri left open the possibility of a property tax increase, which Carlucci said could allow individual Council members to add funding for their own budget priorities. “If we keep it like it is, we’re going to have to work within the budget that’s been passed to us by the mayor, and that very well may be the case. But if we want a little cushion, then there might be an increase in the millage that would give us the wiggle room to refine some of that,” Carlucci said. The Council has a July 28 deadline to set the rate. City Chief Administrative Officer Brian Hughes told Council members that the mayor would not automatically veto a budget approved with a millage increase. “I’ll say it this way: The mayor charged me with a balanced budget with no tax or fee increases. If the Council proceeds and makes a case … I suppose he’d consider it. I’ve not had that conversation,” Hughes said. Council members Al Ferraro and Rory Diamond said they likely would not vote in favor of a budget that includes a tax increase. MMENDENHALL@ JAXDAILYRECORD.COM @MIMENDENHALL (904) 356-2466

The budget compared How the 2020-21 and 2019-20 budgets compare: Total revenue and expenditures Revenue from state Full-time employees Top 10 departmental budgets Sheriff’s Office Fire & Rescue Public Works Parks, Recreation & Community Services Public Library Neighborhoods Finance & Administration City Council Medical Examiner Mayor’s Office

2019-20 $1.27 billion $181.81 million 6,238

2020-21 1.34 billion $167.40 million 6,329

% Change 5.51% 7.92% 1.46%

2019-20 $481.59 million $267.05 million $48.31 million $49.95 million

2020-21 $484.60 million $279.49 million $49.11 million $49.08 million

% Change 0.63% 4.66% 1.66% 1.74%

$35.33 million $22.31 million $13.65 million $11.82 million $5.39 million $4.33 million

$35.34 million $23.21 million $20.69 million $11.96 million $5.75 million $4.66 million

0.03% 4.03% 51.58% 1.18% 6.68% 7.62%

Compiled by Max Marbut

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JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

RESIDENTIAL REAL ESTATE

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 Duval and St. Johns counties. The sales were recorded July 3-12.

$4,000,000 133 Bristol Place, Ponte Vedra Beach Type: Single-family Lot size: 0.59 acres House size: 9,230 square feet Buyer: John and Briana Redmond Seller: Brent D. and Anne P. Moore Previous sale: $3,720,000 in 2018

About the property: Intracoastal waterfront two-story home on Harbour Island in Marsh Landing features five bedrooms, 6½ baths, oak ceiling beams, balconies, entertainment room, theater, office and pool.

THURSDAY, JULY 16, 2020

DUVAL

$1,380,000

$1,040,000

4054 Cordova Ave., Jacksonville

162 S. Roscoe Blvd., Ponte Vedra Beach

Type: Single-family Lot size: 0.38 acres House size: 5,855 square feet Buyer: Arthur C. and Sarah W. Skinner Seller: Randall T. and Tracy Skinner

Type: Single-family Lot size: 2.51 acres House size: 4,535 square feet Buyer: Brett C. and Jessica W. Vaughan Seller: Dominique W. and Lisa D. Huret Previous sale: $610,000 in 2011

DUVAL

ST. JOHNS

$ 1,331,300

ST. JOHNS

807 First St. N., No. 502, Jacksonville Beach

$998,900

Type: Acquilus III condominium Condominium size: 3,660 square feet Buyer: Shaun D. and Amanda J. Patnaude Seller: Robert D. and Christy C. Garces Previous sale: $900,000 in 2011

Type: Single-family Lot size: 0.87 acres House size: 3,585 square feet Buyer: Brian J. Sutton and Justin T. Geisler Seller: Andy Reynolds Homes Inc.

339 Popo Point, Saint Johns

DUVAL

ST. JOHNS

DUVAL

ST. JOHNS

$3,850,000

$1,550,000

$1,544,000

$1,200,000

$950,000

700 Old Grove Manor, Jacksonville

21 Corona Road, Ponte Vedra Beach

358 Plaza, Atlantic Beach

7839 James Island Way, Jacksonville

156 River Plantation Road N., St. Augustine

Type: Single-family Lot size: 3.03 acres House size: 9,697 square feet Buyer: Old Grove Manor Land Trust Seller: Lisa S. Mantock, Ernest F., Benjamin M. and Kim Shad, Martha K. Dubberly, Christine M. Shields, Jenepher P. and Anastasia McCormick and Alexis M. Kirby

Type: Single-family Lot size: 0.46 acres House size: 4,069 square feet Buyer: Peter and Catherine Harris Seller: Edward C. and Penny A. Waller Previous sale: $1,260,000 in 2018

Type: Single-family Lot size: 0.15 acres House size: 3,394 square feet Buyer: Albert E. Holt IV and Stephen M. Busselberg Seller: Summer Reign Inc.

Type: Single-family Lot size: 3,54 acres House size: 6,359 square feet Buyer: Charles Y. Chen and Yan Zhang Seller: Mary T. and David Pentel

Type: Single-family Lot size: 3.2 acres House size: 4,302 square feet Buyer: Pierre R. Baumann and Karen Baxter-Baumann Seller: Tamra J. Rushing and Kevin J. Hoey

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JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

THURSDAY, JULY 16, 2020

JaxDailyRecord.com

THE MARBUT REPORT

Candidates for clerk of courts on Aug. 18 ballot Jackson

MAX MARBUT ASSOCIATE EDITOR

The Republican primary election and two Duval County judicial seats will be decided by voters. If you’re not registered to vote, you have until July 20 to do so and then be able to cast a ballot in the Aug. 18 primary election. One constitutional office, contested by three Republicans, along with two seats on the nonpartisan Duval County Court will be on the ballot. There will be a new Duval County clerk of the circuit and county courts in January because incumbent Ronnie Fussell is term-limited after two four-year terms. There are three Republican candidates in the primary election, each with experience working in the clerk’s office. Leon Jackson began his career in the clerk’s office at age 18 as a part-time helper. He later was promoted to manager and in 2018, to senior manager.

Phillips

Jody Phillips, the current clerk’s office chief operating officer, is a former highway construction executive who has been with the office for nine years. Scott Wilson is in his second term on City Council and was its 2019-20 president. Wilson went to work in the clerk’s office in 1994 as a court record clerk. Wilson He left in 2007 as court operations supervisor, the highest-ranking civil service position in the office, to become the executive assistant for Council member Don Redman, succeeded in 2015 by Wilson. The candidate receiving the most votes will be on the ballot with Democratic Party clerk candidate and civil rights attorney Jimmy Midyette in the Nov. 3 general election. In the nonpartisan judicial elections, incumbent Duval County Judge Erin Perry will face attorney Rhonda PeoplesWaters. A former assistant state attorney, Perry was appointed

to the bench in January 2019. Peoples-Waters, a private practice attorney, also was a candidate for Duval County judge in 2012. The other judicial contest includes Duval County Judge Scott Mitchell, who was appointed to the bench in 2012 and reelected unopposed in 2014. He’s being challenged by Isaac East, an attorney, mediator and arbitrator and owner of East Law of Florida. Visit duvalelections.com to register to vote or for a sample ballot.

Attorneys call for removal of Baker courthouse mural

The Florida Association of Criminal Defense Lawyers is calling for the removal of the mural in the lobby of the Baker County Courthouse in Macclenny because it depicts horseback riders in Ku Klux Klan robes. “We call upon the chief judge of the Eighth Judicial Circuit to immediately order removal of this shocking and offensive depiction of the worst part of American history,” the association said in a statement July 9. “The Chief Judge should act immediately to rectify this situation,” it said. Jacksonville attorney Mitch Stone, founder of Mitchell A. Stone P.A., is president of the association. “We consulted our mem-

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The mural inside the lobby of the Baker County Courthouse includes this image of Ku Klux Klan members.

bers and agreed across the board that we don’t believe it’s appropriate for that mural to exist in a courthouse,” Stone said. “When they walk into a courthouse, people need to know they’ll be treated fairly with equal justice. That’s not what the KKK did. It existed to remove power from people who had just been freed. That’s the antithesis of justice,” he said. The association advocates for removal of the mural and its placement at another site, such as in a museum. “We don’t want to erase history. We need to remember people who have done terrible things, but that’s not a part of history you need to show in a courthouse,” Stone said.

Judicial Nominating Commission is seeking applicants The Florida Bar is seeking applicants for the state Supreme Court Judicial Nominating Commission. Applicants must be licensed to practice law in Florida. Commissioners are not eligible for state judicial office for vacancies filled by the JNC on which they serve for two years after completion of their term. The application may be downloaded at floridabar.org and must be submitted by 5 p.m. Aug. 14 to the executive director of The Florida Bar. MMARBUT@ JAXDAILYRECORD.COM (904) 356-2466

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