Daily Record FINANCIAL NEWS &
MONDAY, NOVEMBER 7, 2016
Vol. 103, No. 256 • Two SecTioNS
35¢ www.jaxdailyrecord.com
Amazon.com to open delivery station Facility will be in Alta Lakes Commerce Center in Northwest Jacksonville The internet retailer filed a permit application to build-out space in the Alta Lakes Commerce Center at 11084 Cabot Commerce Circle. The fulfillment center and the delivery station are north along Interstate 295. Meanwhile, the second potential fulfillment center is edging closer to construction. The city approved site clearing Oct. 11 for 86 acres at AllianceFlorida at Cecil Commerce Center in West Jacksonville for
a 1 million-square-foot building expected to be for Amazon.com. The Conlan Co. is the contractor for that almost $1.5 million site-clearing project at 13333 103rd St. No contractor is listed on the application for the $1.5 million
build-out to renovate vacant industrial space for the delivery station, including office space. That space includes a training room, breakroom and a new mother’s room. Packages will be sorted generally between midnight and 6 a.m. Drivers may load 10-22 vans about 6 a.m. and the process should be completed by 10 a.m. The plans show CESO Inc. of Akron, Ohio, is the architect; DDC LLC of Longwood is the design/build construction man-
A new recreation room is part of the $5.9 million renovation plan for Williams Hall at Jacksonville University.
$5.9M renovation for JU dorm Facility built in ’65 will be ready for students next fall
By Max Marbut Staff Writer In response to an enrollment increase of freshmen who want to live on campus, a $5.9 million renovation project begins today at Jacksonville University. Williams Hall, which was built for $1.5 million and opened in 1965, will be completely refurbished and ready for students to move in next fall. New study rooms and recreation areas, a community kitchen and laundry facility as well as new finishes throughout the fourstory, 132-room building are included in the project. The architect is Baltimore-based Cho Benn Holback and Associates. Stellar Group is the contractor. The interior design concept will “create innovative living and learning spaces” to enhance the student experience, said Senior Vice President for Student Affairs Kristie Gover.
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Rendering of renovation planned for the reception area at the 51-year-old hall. “We want to create spaces that engage students and give them opportunities to connect outside the classroom,” she said. It’s the first major renovation since the residence hall was dedicated and named for Charles “Hickory” Williams, an early trustee at the university. Other recent improvements at JU include a new 274-bed residence for first-year students, a Starbucks coffee shop in the Kinne University Center, a renovated fitness cen-
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ager; Ohlin & Reed Consulting Engineers Inc. of Akron is the consulting engineer; and Dialectic Engineering of Kansas City, Mo., is the mechanical, plumbing and electrical engineer. According to mwpvl.com, Amazon launched the delivery station distribution network in late 2013. It consists of smaller facilities in the 60,000- to 100,000-square-foot range. MWPVL International is a Montreal-based supply chain, MATHIS CONTINUED ON PAGE A-11
Foley says Fidelity will keep stake in Black Knight
Special to the Daily Record
Amazon.com, with one Jacksonville fulfillment center under development and a second anticipated, also will open a smaller delivery station. The company intends to operate the 63,000-square-foot station in a North Jacksonville industrial park 9 miles east of the center under development at 12900 Pecan Park Road. Seattle-based Amazon.com did not respond to an email Sunday night or an email and a voicemail this morning.
ter and learning lounge in the Davis Student Commons and a Chick-fil-A in the Riverview Café. “Additional amenities are the trend in higher education,” said Gover. Enrollment of about 4,000 students is projected at JU next fall, including 1,100 who will live on campus. mmarbut@jaxdailyrecord.com (904) 356-2466
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Although Black Knight Financial Services Inc. became a separate public company last year, Fidelity National Financial Inc. still holds a majority stake in the mortgage technology company. And even though Fidelity shareholders could see a nice profit if and when the company sells off its remaining Black Knight stock, Fidelity Chairman Bill Foley said last week it will be at least a year and probably longer before it does anything. During Fidelity’s quarterly conference call, one analyst asked why the company is holding on to the Black Knight shares, which Foley said are worth $12 per Fidelity share (Fidelity has been trading in the mid$30s recently) Foley said the main reason involves guaranteed debt that has to be paid off if Fidelity sells the shares, which would cause “prohibiting” prepayment penalties if it is paid before October next year. He also said Fidelity, which is mainly a title insurance com- Foley pany, is benefiting from its continuing business relationship with Black Knight. “We are also interested in executing on our cross-sell plan, which really got underway earlier this year. We restructured the way that we attack the marketplace and really started utilizing some Black Knight personnel to help cross-sell our non-investment-related products,” he said. “And we’re having quite a bit of success,” Foley said. Fidelity reported third-quarter adjusted earnings of 69 cents a share, 9 cents higher than last year. “Overall, we remain the most profitable company in the industry and we are confident that our title insurance business will have a solid finish to the year,” Foley said. BASCH CONTINUED ON PAGE A-7
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