Category Archives: The Florida Times-Union
Authorities at Jacksonville University have started development on the school’s new College of Health Sciences building, an $8 million project. The Florida Times-Union has the article here.
Citibank announced hiring of 800 new jobs in JAX; that’s after 500 announced last summer that they have already filled at their offices in South JAX. Roger Bull has the announcement here for The Florida Times-Union.
The Commander Apts, a 16-story, 90 unit waterfront apartment building in Avondale, just sold for $5.8M to Chance Partners, a development firm based in Atlanta, GA. The deal also included some small retail shops called St. Johns Village on an adjacent parcel. The property will undergo a thorough renovation, inside and out.
Roger Bull with the Florida Times Union covered the story.
Town Center Promenade, Core Property Capital’s development across from St. Johns Town Center, will feature Northeast Florida’s first Red Robin Gourmet Burgers, as well as Aldi’s second Jacksonville location. Other retailers who will be joining them include Texas de Brazil, Piada Italian Street Food, Newk’s Eatery, Starbucks, Aspen Dental and Mattress Firm. In addition to the retail, Core plans to build 2 hotels and multifamily along the rear portion of the property.
First Coast & Florida jobless figures declined in November: Jobless rates on the First Coast (Duval, Clay, St. Johns, Nassau and Baker) fell to 4.7 in November, down from 4.9 in October (before seasonal adjustments). Taking into account season adjustments, those figures equate to 4.8 in NOV, down from 5.1 in OCT. FL jobless rates fell from 5.1 in OCT, to 4.8 in NOV before seasonal adjustments. After seasonal adjustment, this equates to a NOV rate of 5, down from 5.2 in OCT.
Single-family home permits highest since ’07: According to the Northeast Florida Builders Association, 6,725 single family home permits were issued in Duval, St. Johns, Nassau & Clay counties during 2015. This figure equates to about 650 more than in 2014, and twice what was pulled during the “collapse” in ’09-’11, and significantly lower than the all time high of over 17,500 during the 2005 “boom”.
Atlantic & Vilano Beach Named as Top 10 Under the Radar FL Beach Towns: Two local beach communities, Atlantic Beach and Vilano Beach, were both recently made a top 10 list of “under-the-radar” beach towns, as decided by travel report by Fodor, a well respected travel publisher and website. The list did not have any numerical order, and other top 10 towns included Cedar Key, Pass A Grill Beach, Deerfield Beach, Vero Beach, Ponce Inlet, Anna Maria Island, Santa Rosa Beach and Gasparilla Island.
Frontier Airlines plans New Flights from St. Augustine: Frontier has just announced it would be adding two new non-stop flights out of St. Augustine’s Northeast Florida Regional Airport, one to Philadelphia and into Chicago. The flights to Chicago start April 14th, with flights on Tuesdays, Thursdays and Sundays. The flights to Philadelphia begin the next day, April 15th, and will operate on Mondays, Wednesdays, Fridays and Saturdays.
A 675,000 office park is being planned for the Nocatee community, which is one of the fastest growing residential communities in the US. A company called VanTrust Real Estate (Kansas based) just purchased over 71 acres of land off Nocatee Parkway for $4.5M, with plans to develop 4-6 buildings, each with 4-6 stories and between 100k SF and 150k SF each. Construction of the first building should begin this year.
This comes on the heels of another recent Nocatee office building development. In October, International Management Co. of Jacksonville broke ground on a 3-story, 62,750 SF office building, which is being heralded as the first multi-tenant office building to be built since 2009.
Fidelity Investments has announced Jacksonville expansion plans, which include adding 300 jobs and an investment of $13M (renovations and equipment). In exchange, the firm is seeking $2.61M in incentives from the city ($488K) and state ($2.13M). Regarding the new jobs, the positions will be added over a 3 year period, and will be in the customer contact center, located on the Southside, where Fidelity will be leasing additional space. The average salary for the 300 jobs that will be created is $64,300.
Following its big brother, Volkswagen, Porsche has announced it will begin importing its cars thru JAXPort in October instead of Brunswick where it has brought in cars since 2002. Roger Bull of The Florida Times-Union has the story here.
JAXPort (at #8) joined Miami and Palm Beach (tied for 3rd) and Port Everglades (#7) among the top 10 fastest-growing ports for exports in the nation; New Orleans was first and Charleston ranked second. Paul Mason, UNF economist, says “Its indicative of a trend…JAXPort has been gaining in business and notoriety…because of the importing and exporting of automobiles.” Drew Dixon of The Florida Times-Union has the full article here.
Drew Dixon of The Florida Times-Union reports the JAX area unemployment rate fell to 5.5%, down from 5.7% in July, and reports that Gov. Rick Scott says the JAX economy has created about 15,000 new jobs in the past year.