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October 18-24, 2018
The Mathis Report: Turnover at The Markets at Town Center PAGE 4
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JACKSONVILLE
Record & Observer Project Buckeye would bring 21 new jobs
A CONTENTIOUS DISPUTE BETWEEN A LANDLORD AND JACKSONVILLE A BUSINESS OWNER TAKES AN UNEXPECTED TURN
Record & Observer
JOURNEY TO RECONCILIATION JACKSONVILLE
New Jersey-based toy company seeking $689,000 in city and state incentives.
Record & Observer BY DAVID CAWTON
STAFF WRITER
At the heart of the dispute were the Sleiman brothers’ plans to acquire and revitalize the then 54-year-old shopping center in which Hoback was leasing. As it can be with lawsuits, it was contentious. In July 2016, the Sleiman brothers, through Olde Mandarin LLC, paid $920,000 for the about 7,000-squarefoot retail building. There were no other tenants.
Jacksonville City Council members will decide whether to approve an economic development agreement to bring 21 new jobs to Northwest Jacksonville. A New Jersey-based company, known as Project Buckeye, is seeking $689,000 in city and state-backed financial incentives to set up a manufacturing and distribution facility. According to legislation filed Wednesday, Buckeye is a manufacturer and distributor of children’s toys, art and stationery products with 150 employees nationwide. It plans to hire 21 full-time management and administration employees in Jacksonville at 115 percent of Florida’s average wage, or $53,298 annually. A fact sheet attached to the legislation states Buckeye plans to lease 293,000 square feet of space in a $12 million warehouse facility to be built in Northwest Jacksonville. Buckeye seeks a Recapture Enhanced Value grant from the city worth 50 percent of the ad valorem taxes generated from the project. The city estimates the REV grant to be worth $626,000 over 10 years. Additionally, the company is asking for a $63,000 Qualified Target Industry Tax Refund to hire 21 employees by year-end 2020. The grant pays $3,000 per new job created. The city is responsible for
SEE JOURNEY, PAGE 10
SEE PROJECT, PAGE 9
JACKSONVILLE
Record & Observer Photo by Karen Brune Mathis
Triforce Development owners Paul and Louis Sleiman, left and right, with Ryan Hoback, owner of Hoby’s Honey & General Store. The Sleimans and Hoback found themselves at odds in 2017 when the brothers bought the shopping center where Hoback was a tenant.
BY KAREN BRUNE MATHIS EDITOR
R
yan Hoback recently closed in on six months at the new address for his relocated business, Hoby’s Honey & General Store. He opened his rustic country store April 7 in the Gates of Olde Mandarin at 11362 San Jose Blvd. just two-tenths of a mile north of its former location in a shopping center
at 11467 San Jose Blvd. A credit union bought the shopping center in March. It was a short move but also a journey. THE DISPUTE
Hoback, now 40, closed his previous store in June 2017 under circumstances that found him in court with his thennew landlord, Triforce Development LLC. Triforce is owned by brothers Louis and Paul Sleiman, now 26 and 27.
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THE BASCH REPORT
CSX beats profit estimates, plans to keep cutting jobs CEO says company ahead of expectations PAGE 6 VOLUME 1, NO. 20 • ONE SECTION