Monthly Archives: October 2016
Metro JAX’ 5-county employment has added some 24,900 jobs in the 12 months’ ended in August 2016. That’s a 3.8% growth ranks 3rd amongst its peers in the Southeast, just behind Savannah at 4.0% and still well behind Orlando at 4.4%, but well ahead of Tampa, Atlanta, Charlotte, Charleston, and Miami – and substantially better than the nation at about 2.0%. According to the U.S. Bureau of Labor Statistics, every employment category had gains in JAX except one (Information, which lost 400 jobs or down 4.3%); increases were widely dispersed, with the biggest gains being in Construction (+12.1%), Leisure/Hospitality (+5.9%) and Education and Health Services (+5.2%).
IKEA plans to invest nearly $36M into the planned Jacksonville location. According to a recent article, the opening is expected to be in the fall of 2017 and the store plans on hiring 250 people to staff the location. The permits show a store size of 294,203 SF with 950 parking spaces and an expected development cost of $22.7M. IKEA paid $13M for the 25 acres back in May.
Stanmore Partners reportedly paid $7M to Preferred Growth Properties for about 6 acres of land near the St. Johns Town Center to construct a 306-unit apartment building. The apartments are being referred to as “Ravella at Town Center” and will include 6 buildings and a 7-level parking garage. The total cost of the development was reported at $32M.
Best Buy is going to be relocating their existing store at The Markets at Town Center to the proposed new development across the street, known as The Strand, and expanding by 4,800 SF along the way. The Strand is being developed by Preferred Growth Properties, LLC, a subsidiary of Books A Million, Inc.
According to data collected from the Bureau of Labor Statistics (BLS) between 2012 and 2015, Jacksonville ranked #4 for “Construction and Extraction” jobs, and #5 for jobs in the “Health Care Practitioners and Technical Occupations” category. The figures are based on comparing local occupation density in various occupation categories with national averages to determine the rankings.
Click here for the original article, which was posted on Abodo.