Monthly Archives: August 2016
JaxPort’s Blount Island facility just received 3 new container cranes last Friday, after a 2.5 month long trip, traveling 17,000 miles from China. The cranes will allow the port to service wider vessels that are becoming more prevalent since the opening of the newly expanded Panama Canal. As explained in the article, the existing cranes can reach across 16 containers, while the new cranes can reach across 22.
A 1M SF distribution center appears to be in the works at Cecil Commerce Center on Jacksonville’s Westside. Similar to the Amazon distribution center that was recently announced, at this point the company has not being identified. What we do know is that the proposed facility would serve as a packaging distribution center for a national company and would employ about 1,000 people. Some people are hypothesizing that the building could be an additional Amazon facility…. We will have to wait and see.
EverBank Financial Corp. announced on Monday (8/8) that the Jacksonville HQ’d bank would be bought by TIAA for $2.5B, or $19.50 per share. For several weeks there has been much talk and speculation surrounding the potential sale. TIAA, a financial services firm that was formed in 1918 by the Carnegie Foundation, also has a banking arm, which will soon be combined with EverBank. The company has stated that Jacksonville will serve as the headquarters for the combined bank, however further details regarding the new operations are unknown, including the new name of the combined entities. Additionally, many locals wonder if the Jaguars stadium will remain EverBank Field, or if it will be re-branded.
The Apple store located within the St. Johns Town Center is relocating to a larger space just down the street, and will be updated with the “next generation” Apple store design. The new store will be located in the higher end section of the outdoor mall, near restaurants J. Alexander’s, Capital Grill and Cantina Laredo, next door to the new Tesla showroom and across the street from Mayors, Tiffany & Co. and Louis Vuitton stores. The new location, which will be double the size of their existing store, will also be much closer to parking, making a trip to the store much more convenient for shoppers. The “next generation” store design proves that Apple thinks highly of the Jacksonville market and that its a strong performing store for them. As of May, there were only 4 locations open with this new store design, including San Francisco, Memphis, Guilderland (NY) and Brussels, and one planned in Oklahoma City.