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Daily Record Financial News &

Friday, December 22, 2017

Vol. 105, No. 027 • One Section

www.jaxdailyrecord.com

Barnett Building owner seeks renovation permit

Aldi plans store in Oakleaf Corner

Historic Downtown building will be called The Barnett, is expected to open at the end of 2018.

It’s among five stores German grocer has in works for region.

By Karen Brune Mathis Editor More than 90 years after it was built, the historic Barnett National Bank Building Downtown is nearing transformation. By this time next year, that reactivation could be completed. Danis Builders LLC and owner Barnett Tower LLC applied to the city Wednesday for a permit to remodel the vacant 18-story office structure at a cost of almost Atkins $22.4 million. “This wa s the big permit,” said Steve Atkins, principal and managing director of SouthEast Development Group and manager of Barnett Tower LLC. “Our plans are to have the building completed and the first phases opening in December 2018,” Atkins said Thursday. “A year from now, things will be transformed.” Atkins said demolition and structural remediation has been taking place, “but the permit that was filed yesterday is the complete, full construction permit.” “We’re really happy that things are moving in full force now and we are looking forward to the New Year,” he said. The permit is a major step toward the estimated $90 million redevelopment of the building at 112 W. Adams St., the nearby Laura Street Trio buildings and a new parking garage. Barnett

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Aldi filed plans for another discount grocery store that extends its regional reach into southwest Jacksonville. The Germany-based chain wants to build a store at 8251 Old Middleburg Road S. near northeast Argyle Forest Boulevard in Oakleaf Corner. Plans show a proposed 19,054-square-foot store on a 2.67-acre outparcel. The property is owned by Oakleaf 31 Development Corp. and the developer is Aldi (Florida) LLC of Haines City. Aldi operates five discount stores in Duval and Clay counties and filed or indicated plans for five more. The first to open were along Southside Boulevard, Normandy Boulevard and Town Center Parkway in Duval County and in St. Johns and Clay counties. The next five, including Oakleaf, are planned along San Jose Boulevard and Atlantic Boulevard in Duval County and two more in Clay and Nassau counties. In Duval County, stores are in Southside, Westside and St. Johns Town Center. Plans show Aldi will move into Mandarin, Regency and southwest Jacksonville. Area real estate director Jason Povlick said in the summer that several Aldi stores would open in the Jacksonville market over the next several years, but he did not want to be specific. The company operates almost 1,700 stores in 35 states.

Photo by Max Marbut

COMPLETION DATES Here are the timelines for The Barnett Building, parking deck and Laura Street Trio: Project

Time needed

Date

The Barnett

14 months*

Year-end 2018

Parking deck

10-11 months

Year-end 2018

Laura Street Trio 20-22 months

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Fall 2019

Construction barriers surround the Barnett National Bank Building at 112 W. Adams St. on Thursday. The building will soon undergo a $22.4 million transformation.

*Interior work began two months ago

kmathis@jaxdailyrecord.com @MathisKb (904) 356-2466

Hanania buys historic Dyal-Upchurch Building Owner of auto group also looking for another Downtown building to move his headquarters. By Andrew Warfield Associate Editor Jack Hanania, owner of the Hanania Automotive Group of 17 dealerships, purchased the

Public

35¢

historic DyalUpchurch Building Downtown. Hanania said he bought the strucHanania ture as an investment, although his original intent was to relocate his corporate headquarters there from Blanding Boulevard.

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He said he is searching for another Downtown location for the corporate move. According to the Duval County Clerk of Courts, Hanania acquired the six-story, 48,000-square-foot office building at 6 E. Bay St. on Wednesday for $2.8 million from A. Duda and Sons Inc. The seller bought the building in 2008 for $3.73 million. City records also show Hana-

nia assumed an existing $1.48 million mortgage and took out an additional $958,414 mortgage with Ameris Bank. Hanania said Thursday he views the investment as an opportunity to participate in the revival of Downtown and has no interest in losing the current tenants. He said the remaining space Hanania

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NOTE TO READERS The Financial News & Daily Record will not be published Dec. 25 because of the Christmas holiday. It will resume publication Dec. 26.

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