Daily Record Financial News &
Wednesday, November 22, 2017
Vol. 105, No. 006 • One Section
35¢
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Signs point to Chase at Barnett building Sign manufacturer asking city if designs are appropriate, but bank hasn’t been confirmed. By David Cawton Staff Writer If JPMorgan Chase & Co. decides to put its name on top of the Barnett National Bank building Downtown, the sign manufacturer wants to be prepared. A project manager with Philadelphia Sign sent renderings of potential signage to a city sign plans examiner to ask for advice about what would be allowed. The email was forwarded to Downtown Investment Authority Redevelopment Coordinator James Klement. “What steps would Chase need to take in order to get this approved?” asked project manager Tom McKenna. Philadelphia Sign is based in Palmyra, New Jersey. The building at 112 W. Adams St. is part of an estimated $90 million renovation by SouthEast Development Group and The Molasky Group of Cos. that includes the redevelopment of the Laura Street Trio and a new parking garage. Chase has been considered, but not confirmed, as a tenant. The renderings, which were shared with Klement at DIA, show JPMorgan Chase & Co. as the ground-floor tenant and the Chase sign also is featured at the top of the 18-story structure. Steve Atkins, principal and managing director of SouthEast Development Group, did not respond to Barnett
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The Chase sign is shown on top of the Barnett National Bank building Downtown in this rendering sent to the city by Philadelphia Sign for guidance on what might be allowed.
Aldi approved to begin building-out Regency store German grocery chain will fill spot once held by Bed Bath & Beyond. Aldi was cleared to build-out a store in Regency, one of 10 operating or proposed locations in Northeast Florida for the Germany-based discount grocer.
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The city approved a permit Monday for Bay to Bay Properties LLC of Safety Harbor to renovate almost 20,300 square feet at 9317 Atlantic Blvd. for Aldi at a construction cost of $1.1 million. The store will be in a former Bed Bath & Beyond in the CB Square shopping center. Aldi will take almost 26,000 square feet in the space, according to a site plan for CB Square by The Shopping Center Group. Nancy Sumner of The Shopping Center Group LLC, the firm that represents Aldi’s landlord at CB Square, said previously there
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was a void of grocers servicing the Regency area other than Wal-Mart. Aldi is at least doubling the five locations it operates in Northeast Florida. Its first stores along Southside Boulevard and in Clay and St. Johns counties were joined by new construction in West Jacksonville and in Town Center Promenade. Those stores are open. The next five, including at Regency, are planned along San Jose Boulevard, in Oakleaf and in Nassau and Clay counties. That gives Aldi sites in many neighborhoods around the area,
with more expected. Area real estate director Jason Povlick said in late August that several Aldi stores would open in the Jacksonville market over the next several years, but he did not want to be specific. Newer Aldi stores feature the chain’s “new look” modern design with natural lighting, an environmental focus, new shelving and floor tiling, wall graphics, more fresh produce, larger bakery and dairy sections and other enhancements.
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NOTE TO READERS The Financial News & Daily Record will not be published Thursday because of the Thanksgiving holiday. It will resume publication Friday.
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