WEDNESDAY
New report recommends rebranding region as Jacksonville PAGE 3
September 19, 2018
PUBLIC
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LEGAL NOTICES BEGIN ON PAGE 4
Daily Record JACKSONVILLE
Berkman II Daily owners want $36M in city incentives Daily
THE MATHIS REPORT
Record JACKSONVILLE
Record Daily Record JACKSONVILLE
The group that plans to redevelop the Berkman Plaza II is asking the city for 3 acres of space from the neighboring Shipyards property worth $1.635 million.
JACKSONVILLE
BY DAVID CAWTON STAFF WRITER
Owners of the Berkman Plaza II structure along East Bay Street are seeking $36 million in incentives from the city ahead of a proposed $122 million redevelopment of the property. The project is one of several the Downtown Investment Authority is scheduled to consider during its monthly board meeting at 2 p.m. Wednesday. According to the redevelopment agreement, MVJFL LLC, developer of the 500 E. Bay St. property, wants to build a 340-room hotel, family entertainment center, water park and parking garage.
Baymeadows office building in city review
Point Meadows Medical-Professional Office Building would have nearly 30,000 square feet of space.
The group seeks a $20 million Recapture Enhanced Value Grant paid out over 20 years. The grant is a rebate worth 75 percent of the ad valorem taxes generated over that period. The grant will be reduced to $15 million if the capital investment does not exceed $92 million and is not completed within 60 months after the redevelopment agreement is signed. The property owners also want an $8.2 million Operational Performance Subsidy, a contractual payment based on the operational success of the hotel portion of the development. The annual payments would represent 5 percent of the lodg-
Cross Regions Real Estate and Urban Partners Group Construction intend to develop the Point Meadows Medical-Professional Office Building in the Baymeadows area at 8100 Point Meadows Drive. The two-story, almost 30,000-square-foot building is in city review. Urban Partners Construction is the contractor for the $3 million shell building on an acre. Design Development Architecture Inc. of Middleburg is the architect. Cross Regions, the majority owner, says in a marketing brochure that 24,000 square feet of space is rentable. Urban Partners President Edmundo Gonzalez said his group is the general contractor and partner in the project. He expects to start construction by December for the likely multitenant professional and medical office building. At the same time, Jackson-
SEE BERKMAN, PAGE 2
SEE MATHIS, PAGE 3
Photo by Monty Zickuhr
The group plans to build a hotel, family entertainment center, water park and parking garage at the site of ruined condo project.
KAREN BRUNE MATHIS EDITOR
Curry names Greive next city CFO Patrick “Joey” Greive was named Jacksonville’s next chief financial officer by Mayor Lenny Curry on Tuesday. Greive, the city treasurer, would succeed Mike Weinstein, who will retire Nov. 9. Greive joined the city in 2010 as chief investment officer. Before joining the city, Greive worked at Merrill Lynch. Replacing Greive as treasurer is Randall Barnes, the city assistant treasurer and senior debt manager since 2015. Barnes previously led treasury-related duties at the Tennessee Valley Authority. Both appointments require City Council approval.
VOLUME 105, NO. 215 • ONE SECTION