With warehouses in demand and at least one prospect looking for more than a 1 million-square-foot distribution center, North Jacksonville is targeted for a sizable industrial park.VanTrust Real Estate LLC intends to buy 156 acres of industrial property in Imeson International Industrial Park for development of 3 million square feet of space among three to six buildings. See the article here from Karen Brune Mathis of The JAX Daily Record.
Plans have been submitted by Dallas-based Hillwood, the master developer of Alliance Florida at Cecil Commerce Center, and the city, which owns the business park, for a new warehouse. The developer could join amazon.com for a 1.5 million-square-foot warehouse code-named Project Jaguar. The user/prospect is yet unnamed.
Know progressively what Karen Brune Mathis of JAX Daily Record says in regards to this!
JAX University, an 84-year-old institution, is transforming its 260-acre campus under the leadership of President Tim Cost. The city approved the permit for The Haskell Co. to build the Jacksonville University Welcome Center at the Institution’s Arlington campus. Completion is expected in early 2019.
Over the coming years, some 1,109 new hotel rooms will be entering the downtown market. A Residence Inn planned for Brooklyn is going through the city planning process, and the new owners of the Ambassador Hotel have said they will refurbish it into 100 rooms. That seems about to change.
Threat of trade war and tariffs are worrying some Florida business owners according to experts. It may lead to hurt Florida’s $1 trillion economy. Says international trade is a quarter of Alice Ancona, director of International Strategy and Policy with the Florida Chamber of Commerce says Florida’s economy and these tariffs are “a pretty significant impact.”.
But surely experts do realize its a negotiation, its positioning, and most of all its very temporary until out trading partners respect the world’s “piggy bank”.
Florida Economy Flirting with $1 Trillion – 17th largest in the world – Adding $2.7 billion EVERY DAY
Florida’s economy is inching ever so close to the $1 trillion mark. The Sunshine State churned out goods and services at an annual pace of $996.3 billion during the first quarter of 2018. Florida accounted for fully 5 percent of U.S. economic activity, the federal agency said. That sounds impressive — until you consider that Florida has more than 6 percent of the U.S. civilian labor force. Florida’s industrial mix is more weighted towards low-productivity industries, says Gus Faucher, chief economist at PNC Financial Services. Read the full articles from My Palm Beach Post by Jeff Ostrowski and from US News here
Metro JAX added 17,900 new jobs from August 2017 to July 2018, led by the education/health services and transportation/utilities sectors. Statewide, Florida, has an annual job growth rate of 3.6%, double that of the nation’s 1.8%, according to Governor Rick Scott’s office and the city of Jacksonvile.
The partners of Augustine Development Group provided details of their plans, after they purchased five lots to bring back the historic Ambassador Hotel in Downtown Jacksonville to its “original luster”.
The mayor’s office said an unnamed developer has bought the half-built skeleton of a tower on downtown’s riverfront and plans to build a hotel, entertainment venue and parking garage on the property. Even though the building is exposed with incomplete concrete and steel structures for more than a decade, developer believes structure is sound and will be developed as per the plan.
JinkoSolar Holding Co. Ltd. is hiring and filing the paperwork needed to launch its Jacksonville solar-panel manufacturing plant, according to city and state records and a company executive. See the article here from Karen Brune Mathis of The JAX Daily Record.