MONDAY October 15, 2018
Public legal notices begin on page 3
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Daily Record JACKSONVILLE
REAL ESTATE
THE MATHIS REPORT
Daily Record
A pair of infill housing projects for Riverside, Atlantic Beach
JACKSONVILLE
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JACKSONVILLE RIVERSIDE INFILL PROJECT
Real estate investment firm JWB Real Estate Capital proposes to build 19 single-family homes in the historic Riverside district along College Street. The area, shown above in a Google satellite image, is now a vacant lot.
BY JAY SCHLICHTER ASSOCIATE EDITOR
A Jacksonville-based company that buys, sells, rents, manages and invests in area properties has ventured into building homes, choosing historic Riverside and Atlantic Beach for its first projects. JWB Real Estate Capital proposes to build 19 single-family courtyard homes on the south side of College Street between Willow Branch Avenue and Rubel Street in Riverside. In Atlantic Beach, it plans to build 12
single-family homes on Alley Road. With both projects, JWB partnered with Jacksonville developer Curtis Hart of Hart Resources LLC. Alex Sifakis, presi- Sifakis dent of JWB Real Estate Capital, said he and the company’s partners decided to try something new with the developments. Its business model is to acquire inexpensive homes, sell them to investors for rental income and manage the properties. RIVERSIDE
Curtis Hart, of Hart Resources LLC in Jacksonville, is the applicant and developer and JWB Real Estate Capital is the property owner for The Courtyard on College.
CSX Corp. renovating 14th floor of headquarters
$2.82 million project expected to be finished by next summer.
Sifakis said it is JWB’s first time building in a historic district. The development received support from the Riverside Avondale Preservation revitalization advocacy group and a recommendation of approval from the Jacksonville Historic Planning Commission. The project needs final approval from the Jacksonville Planning Commission and City Council. The three-bedroom, two-bath homes would be built on 19 lots, with another used as green space. The land was zoned as a planned unit development for a previous developer who proposed building 24 residential units in two mixed-use structures. Each will be 1,600 to 1,800 square feet with a two-car garage and sell in the mid-
CSX Corp. continues renovating its Downtown headquarters. Having remodeled the top executive floor at the 15-story riverfront building at 500 Water St., the transportation company now is renovating the 14th floor at a cost of $2.82 million. “The renovations planned for the 14th floor of CSX’s headquarters building will modernize that space and will accommodate changes to the office space needs of our staff,” CSX said in a statement. “Updates to the office and meeting spaces will maximize efficiency and create a more collaborative, better-quality work environment for teams co-locating on that floor.” CSX said it expects the project to be completed by next summer. The renovation is “part of the overall facilities program that CSX is implementing to accommodate the business’ changing requirements in the Jacksonville area.” CSX has invested almost $8 million in the area since July 2017
SEE PROJECTS, PAGE 2
SEE MATHIS, PAGE 2
Special to the Daily Record
JWB Real Estate Capital and Hart Resources plan to build single-family homes in Riverside, cottages in Atlantic Beach.
KAREN BRUNE MATHIS EDITOR
JTA’s Kevin Holzendorf is elected to APTA Executive Committee The American Public Transportation Association board of directors elected Jacksonville Transportation Authority Vice Chairman Kevin Holzendorf to serve a three-year term on the APTA Executive Committee. He was appointed to the JTA board in 2013 and reappointed to another four-year term in 2017. Holzendorf is an account manager at CISCO Systems Inc.
VOLUME 105, NO. 233 • ONE SECTION