Daily Record FINANCIAL NEWS &
FRIDAY, JUNE 2, 2017
VOL. 104, NO.144 • ONE SECTION
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New venue, more competition Bold Events
The Tedeschi Trucks Band performed the first concert May 27 at Daily’s Place, the new amphitheater adjacent to EverBank Field.
Florida Theatre already losing business to the new Daily’s Place amphitheater By David Cawton Staff Writer Jacksonville’s newest performing arts venue, Daily’s Place, is putting pressure on one of the city’s oldest music halls, the Florida Theatre. Acts that have played the Florida Theatre in the past are opting for “the shiny new amphitheater down the street” this year, said President Numa Saisselin. “I’d be lying if I said no,” said Saisselin when asked if shows were choosing the amphitheater. “The answer is yes.” Goo Goo Dolls, Kidz Bop, Diana Ross and
others that previously routed their tour stops through Jacksonville at the Florida Theatre are instead taking their shows to Daily’s Place. “We can’t stop that,” said Saisselin when asked about the impact that Jacksonville Jaguars owner Shad Khan’s new covered outdoor amphitheater will have on the entertainment landscape in North Florida. “We’re going to weather this like anything else,” he said. The Florida Theatre opened in April 1927 at 128 E. Forsyth St. Downtown. THEATRE
Plans for two Downtown apartment buildings advance By David Cawton Staff Writer Residential projects for two Downtown neighborhoods are moving forward after approval Thursday from the Downtown Development Review Board. Ventures Residential Development is a proposed 13-story tower on the Southbank that will accommodate up to 300 apartments at the former Hines Property. Niles Bolton Associates Inc. is the architect and Connelly & Wicker Inc. is the civil engineer. The project is designed on 2.9
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acres between the Acosta Bridge and the Aetna Building. Ventures received several deviations to build the project, including a reduction in required parking spaces from 559 to a minimum of 337 spaces; altered landscaping along adjacent railroad tracks at the east end of the development to provide a buffer; an increase in the allowed building height from 60 feet to 190 feet; and reduced setbacks from the riverfront bulkheads in certain areas from 50 feet to 25 feet. DOWNTOWN
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The Florida Theatre at 128 E. Forsyth St. Downtown has seen its share of competitors since it opened in 1927.
Plans reveal PetSmart is slated for redeveloped Roosevelt Square
Roosevelt Square continues work toward a substantial redevelopment that could add PetSmart, according to a mortgage document and supported by site plans. A mortgage agreement signed and recorded in May shows that owner and developer Dewberry Capital intends to add PetSmart Inc. and
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retain existing anchors Publix Super Markets Inc. and Stein Mart Inc. as it renovates the West Jacksonville shopping center. Protective Life Insurance Co. issued a $68.5 million mortgage to property owner Roosevelt Square Limited Liability Limited Partnership, which is led by John Dewberry, president and CEO of Dewberry Capital. The loan matures in five years. The mortgage and security agreement and fixture filing states the value of the center at almost $70 million. Executives with Dewberry, based in Atlanta, have not returned calls for comment. DewberMATHIS
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