Daily Record Financial News &
TUESDAY, JANUARY 3, 2017
Vol. 104, No. 036 • oNe SectioN
35¢ www.jaxdailyrecord.com
E&Y closing in on Flagler renovations The firm will lease 45,181 square feet for its relocated Downtown office functions and its new client service delivery center. Mike Brennan, North Florida Offices managing partner for Ernst & Young LLP, said previously about 530 employees will work at the new location. The company will create 450 jobs and relocate 80 from the Wells Fargo Center Downtown. Brennan said Ernst & Young has hired 100 people for the new center and they operate out of temporary leased space in Flagler Center. The center, which is between
Interstate 95 and Philips Highway, south of Old St. Augustine Road, is owned by Crocker Partners. The city and state are providing $3.29 million in tax incentives approved by City Council in February for the expansion. The city’s share is $450,000 through a portion of a Qualified Targeted Industry Tax Refund
Downtown home to call their own
grant offered for creating jobs. The state’s share is $2.84 million, comprising $1.8 million through the job-creation grant along with more than $1 million through a training grant. Ernst & Young said the new information technology and financial services jobs would pay an average of $49,340 a year. It said it will invest $6 million in IT, equipment and real estate improvements. The jobs must be added by the end of 2019. The company, based in London, handles a range of services, including auditing and risk management.
A rendering of the new home for 5 & Dime theater company after renovations.
Special to the Daily Record
Ernst & Young is preparing for its move to Flagler Center. The city is reviewing two permits totaling a job cost of $4.2 million for space at 12740 and 12926 Gran Bay Parkway W. No contractor is listed for the renovations, which involve more than 29,000 square feet in the Lakeside Five building at almost $3.1 million and nearly 16,000 square feet in Lakeside Two at $1.1 million. The public accounting firm announced in December it chose the center for its expansion and relocation and will move this summer.
Rimrock to lease at Summit Tower
The city is reviewing an application for Summit Commercial Group LLC to renovate almost 2,500 square feet on the fourth floor at Summit Tower in Riverside for Rimrock Cos. Plans show Rimrock will lease offices, conference space, a breakroom and lobby. Summit Commercial Group will build-out the space at a cost of $175,000, the permit shows. Property Manager Scott Nyman said Rimrock has been subleasing MATHIS
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Taking on bigger campaign endeavor
King hoping to lead state Democratic party
Evan Gould, left, and Lee Hamby outside 112 E. Adams St., where 5 & Dime is renting space. The five storefronts, adjacent to the now-closed Burro Bar and Chomp Chomp, total 3,400 square feet. The group had considered working out of the theater room in the 9th & Main building in Springfield.
Photo by Marilyn Young
By Max Marbut, Staff Writer
5 & Dime theater company renovating East Adams storefronts
By Marilyn Young Editor As Evan Gould and Lee Hamby stood along East Adams Street, they had a panoramic view outside the new home for the theater company they helped start in 2011. To the left were Burrito Gallery and Indochine, two restaurants where patrons could enjoy dinner before attending a show. Across the street and to the right were parking lots the two talked about trying to work out a deal with the owners so theatergoers could get a nearby spot. Behind Gould and Hamby, though, was
Public
the key to it all. Five storefronts at 112 E. Adams St. where the 5 & Dime group is moving to this month. A home for the once nomadic group created to bring a bit more daring lineup to the local performing arts scene. “It was our mission from Day 1,” Hamby said of finding a permanent Downtown location. They were home. The group has been renting a warehouse on East Union Street, primarily for rehearsals and storage. But Hamby said, no air-conditioning or heat made the location less than ideal for the actors and the audi-
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ence for the shows occasionally performed there. “It could be scalding hot or freezing cold,” he said. As much as some fans loved 5 & Dime’s nomadic tradition, others found it “crazy,” Hamby said, because they had to search for the group. Plus, he added, “some didn’t want to go in certain areas” where performances were held. They had been looking for quite some time, Hamby said, with the help of friend Elias Hionides of Petra Management. Now the group has 3,400 square feet 5 & DIME
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While a lot of people were taking a few days off and spending time at family gatherings over the holidays, Lisa King was back on the campaign trail. She’s traveling from one end of the state to the other seeking election as chair of the Florida Democratic Party. “I didn’t really appreciate what it is to campaign statewide,” she said Friday as she and her husband, John Parker, were on the road between Lake Placid and Miami. It was the end of a week that took her campaign from Jacksonville to Tallahassee to Pensacola to South Florida. King is no stranger to campaigning. She ran in 2015 for the City Council District 2 seat and was defeated by Al Ferraro. But this is different. Not only is there a lot more ground to cover, but the number King of voters who will decide the election is far smaller, with the new leader of the state party to be decided by county party officials. “This time it’s only about 300 voters instead of 40,000,” she said. That may be, but King said her 10-member volunteer campaign staff is larger than the one she had when running for council in East Arlington. King is up against four others who are seeking the post: • State party First Vice Chair Alan Clendenin from Bradford County • Leah Carrius, a state committeewoman from Osceola County • Stephen Bittel, a wealthy developer from Miami • Dwight Bullard, a former state senator who was defeated for Miami-Broward
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