Jacksonville Daily Record 10/3/18

Page 1

WEDNESDAY October 3, 2018

Public legal notices begin on page 3

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Daily Record JACKSONVILLE

THE MATHIS REPORT

Brees on picking Jacksonville for park: ‘It’s a great market’

More than 1,500 acres of land sent to auction

Daily Record JACKSONVILLE

$7 million foreclosure judgment on property in North Jacksonville.

Daily Record Daily Record JACKSONVILLE

BY MAX MARBUT ASSOCIATE EDITOR

KAREN BRUNE MATHIS EDITOR

NFL QB says he became involved in Surge after meeting founder at a party with his kids.

New Orleans Saints quarterback Drew Brees expects his Surge Adventure Park to open in Jacksonville any day now, although he won’t be able to visit for several months, seeing as how he has a full-time job. Probably in the offseason, the 39-year-old NFL veteran can check out the familyfriendly activities center that awaits final city permits at Brees the Regency Court Shopping Center at 9292 Arlington Expressway. “It’s a great market. We felt like there was a need for one there,” Brees said in a telephone interview Tuesday. Brees said Regency Court was transforming into a familyentertainment complex. He said he and his business partner considered it a good location for the Surge Adventure Park brand they are building. “We are a fast-growing indoor activity park brand to create the best family experience we can for SEE MATHIS, PAGE 2

JACKSONVILLE

ABOUT SURGE

Surge Adventure Park is under development at 9292 Arlington Expressway. It will feature trampolines, a ninja course, zip lines, party rooms — and a climbing wall, tested above by the owner, NFL QB Drew Brees.

More than 1,500 acres of land in North Jacksonville will be sold at auction by court order in three weeks because the borrower defaulted on the $7 million mortgage on the property. Circuit Judge Tyrie Boyer signed a final summary judgment of foreclosure Aug. 14 in favor of Farm Credit of Florida ACA. The defendants are SS Investment Group LLC, Shea Investment Group Inc., Stokes Land Group LLLP and SLG Braren LLC. John Kunkel, listed in documents filed with the court as vice president of SS Investment Group, president of SLG Braren and the agent for Stokes Land Group, did not respond to a request for comment. According to the summary judgment, in December 2007, SS Investment borrowed $7 million from North Florida ACA, which later merged with Farm Credit. The mortgage was for the purchase of 14 parcels comprising 1,550 acres of timberland along Old Kings Road. The defendants failed to meet the terms of the mortgage and in May 2016, Farm Credit determined the loan was “distressed” and notified the defendants of their right to request restructuring the loan. The defendants submitted a restructuring application that was denied by Farm Credit in August 2016, based on the ground that the borrower’s assets were below lending standards. “The Borrower’s proposed plan is not a plan of restructure. It is a

Photos special to the Daily Record

SEE LAND, PAGE 2

Amazon boosts minimum wage Amazon announced Tuesday it is increasing its minimum wage to $15 per hour starting Nov. 1. The increase is for all U.S. workers, including temporary and seasonal employees. Amazon said the increase will benefit more than 250,000 employees, as well as more than 100,000 seasonal employees who will be hired for the holidays. Amazon has two fulfillment centers, a delivery station and a sortation center in Jacksonville employing more than 3,000 workers.

VOLUME 105, NO. 225 • ONE SECTION


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