Monthly Archives: December 2014

JetBlue Begins Daily Service Between WDC and JIA

JetBlue has began two flights a day to Ronald Reagan Washington National Airport.  Drew Dixon of the Florida Times-Union has the announcement.

Belk Begins Store Closing Sale at Regency Square Mall

Belk has begun its transition of closing its longtime Regency Square mall store in favor of a new store it will occupy about a mile east at Atlantic North shopping center.  Roger Bull has the story for the Florida Times-Union.

Downtown Development Opportunities Building Steam

The JAX Business Journal held a panel discussion at EverBank Field last week to discuss new developments on the horizon for downtown, including the Laura Street Trio, The Jacksonville Landing, the Shipyards re-development all on the NorthBank and the SouthBank’s re-development of the JEA site by Peter Rummell.  Observations:  a) lots of opportunities; b) lots of river frontage; c) lots of potential; and, d) a bar (of expectations) that is set rather low.  Andrew Thurlow of The JAX Business Journal has the story.

NYC Investor Pays $37.9M ($140k/u) for MFR Community near SJTC

Dermot Realty Management/Dermot Properties paid $37.9M for the 270-unit, The Arelia at James Island Apartments located at 5230 South Gate Parkway, near St Johns Town Center and UNF.  Andrew Thurlow of The JAX Business Journal has the story.

CSX Buys 550 Water Street Building at $30M ($128/SF)

Confirming an earlier rumor, CSX exercised a purchase option and closed on its purchase of the 14-story 550 Water Street building adjacent to its HQs facility.  The seller was Graham & Co. the Birmingham-based investor that bought the building in 2007 at $23.3M.  CSX already leased about 75% of the building from Graham; there are six other tenants in the building who now call CSX their landlord.  Roger Bull has the announcement for The Florida Times-Union.

JAXPORT To Export New Acuras to Middle East

Continuing its dominance as the leading vehicle exporter in the U.S., Honda’s Acura line will export MDX and TLX models via JAXPORT, this time a new destination, the Middle East.  Roger Bull of The Florida Times-Union has the announcement.