20171018

Page 1

Daily Record Financial News &

Wednesday, October 18, 2017

Vol. 104, No. 240 • One Section

35¢

www.jaxdailyrecord.com

In pursuit of Amazon

Seattle-based Amazon.com wants a second north American headquarters and is inviting cities to make a pitch. This week, Jacksonville will make its bid. How will it stack up?

Amazon’s Seattle impact Amazon is building Spheres, three bulbous glass domes in the middle of its Downtown Seattle headquarters campus. The tallest of the three interconnected spheres will be 90 feet high. They will have waterfalls, a river and treehouselike spaces overlooking tropical gardens. The Spheres are scheduled to open in early 2018. Here’s how Amazon says its headquarters directly benefits Seattle’s economy: 40,000+

Employees

Buildings 33

By David Cawton Staff Writer

J

acksonville Mayor Lenny Curry said the city will bid this week for Seattle-based Amazon. com’s second headquarters, an economicdevelopment project that would start with 500,000 square feet of space and grow to 8 million square feet after a decade. In September, Amazon announced it was accepting requests for proposals from metropolitan areas interested in pursuing the company’s expansion, promising a $5 billion capital investment over 15 to 17 years and 50,000 employees

with an average salary of $100,000. The bid is due Thursday, but Curry’s office is not saying what’s in it, such as the proposed sites or taxpayer incentives that would be offered. A mayor’s office spokeswoman also declined to say which entities were assisting in crafting the bid or when the city will officially submit its package to Amazon. However, JAX Chamber, the Jacksonville Transportation Authority, Jacksonville Aviation Authority and city utility JEA say they are involved. Amazon

continued on

Page 2

Square feet

8.1 million

Retail within headquarters

24 restaurants/ cafes; eight other services

Capital investment

$3.7 billion

Operational expenditures

$1.4 billion

Employee compensation

$25.7 billion

Annual hotel nights booked 233,000 by Amazonians, guests Paid into city public transportation system as benefit to employees Source: Amazon HQ2 request for proposals Image special to the Daily Record

New shopping center for Duval-St. Johns

38-acre Bartram Market slated for grocery store, shops and outparcels. Northern St. Johns and Southern Duval counties are in store for a 38-acre commercial development at

Public

northwest Race Track Road and Bartram Park Boulevard. Eastland Partners proposes Bartram Market. A drainage plan for Dodson the development shows a line of stores anchored by a 45,600-square-foot grocery store and 33,000 square feet of shop space. Plans show 10 outparcels of 0.88 to 2.04 acres. Eastland expects to start the project

legal notices begin on page

11

next year and complete it in mid-2019. “The development is based on the strong need for commercial retail, services and restaurants in St. Johns County,” said John Dodson, Eastland development manager and manager of sales and leasing. Eastland will develop the center and ground-lease the outparcels. Eastland is finalizing leases, he said. He expects to sign restaurants, a gas station and other commercial retailers. Plans were filed with an applicaMathis

continued on

$43 million

Is your family business at least 100 years old? We want to hear about it Family businesses are a bedrock foundation of the Jacksonville economy, although they don’t always survive the generations. Do you own or work for a Northeast Florida family-owned business, or know of one, that has survived at least 100 years under the same family ownership? If so, the Daily Record wants to hear from you by Oct. 31. Please email Editor Karen Mathis at kmathis@jaxdailyrecord.com or call (904) 356-2466.

Page 4

Published

for

27,301

consecutive business days


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.