Development started on new JU building

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.

JAX get 100 jobs by ‘Project Wolfe’

A unidentified data innovation organization will add 100 jobs in downtown Jacksonville.  See the article here in the ORLANDO – Business Journal.

Illinois organization refers to local development in choice to construct 186,000-square-foot office.

Becknell Industrial, an Illinois-based developer and investor, that ventured with Norfolk Southern to build Westlake Industrial Park, expects to go forward with a spec 186,000-square-foot warehouse to deliver by year-end.  Guy and Seda Preston with Colliers International Northeast Florida are the leasing agents.  Kare Brune Mathis of The JAX Daily Record has the article here.

 

Regency plans to start San Marco shopping center

A year after an arrangement for apartments failed to work out, and 16 years after potential advancement initially surfaced, it looks as though East San Marco will before long go vertical with retail. This time, says Regency Centers, the developer, East San Marco will simpy be a 30,000 SF Publix Super Market, plus 20,000 SF of shops and restaurants. It is located in the heart of San Marco at Hendricks and Atlantic Blvd. Karen Brune Mathis of The JAX Daily Record reports on the project here.

JAX Added 18,600 Jobs In Past 12 Months, a 2.7% Growth Rate

The Florida Department of Economic Opportuniuty said the region grew 2.7% over the past 12 months, outpacing the state at 1.9%.  Construction jobs surged ahead with 3,800 new jobs (+9.2%) followed by Financial Activities (+4.1%), Retail (+3.8%) and Leisure and Hospitality (+3.6%).  Most importantly, none of the MSA’s five counties lost jobs, and their unemployment rates all dropped.  See the article here from Mark Basch at The JAX Daily Record.

 

$23 Million Investments from the Florida Job Growth Grant Fund

Today, Governor Rick Scott reported about $23 million in grants for eleven extra Florida Job Growth Grant Fund extends over the state. The Florida Job Growth Grant Fund, built up by Governor Scott and the Florida Legislature a year ago, gives $85 million to enhancing open foundation and improving workforce preparing in Florida. The Florida Department of Economic Opportunity (DEO) has gotten in excess of 235 proposition asking for more than $825 million in funding. Find more details from  Enterprise Florida here

 

JAX As A Smart Region

Transportation coalition sets out to make Jacksonville a smart region. Fueled by public-private partnerships, a coalition of 30 stakeholders hopes to transform Northeast Florida into a data-driven smart region.

Get the full article from Bizjournals

More than $2.5 billion transactions in commercial real estate in Northeast Florida in 2017

According to Colliers International, northeast Florida reached more than $2.5 billion in real estate transactions in 2017, 29 percent higher than in 2016.  See the article below in the JAX Business Journal.

JAX added 17,500 jobs in 2017

Metro JAX job growth was at a 2.6% annual rate, according to the Florida Department of Economic Opportunity and an article by Mark Basch in the JAX Daily Record.

Urban Development Update

Major development projects have returned to the landscape of Jacksonville’s urban core. Find out where ModernCities.com takes a brief look at the status of various developments under construction in and around Downtown Jacksonville in early 2018.

Check the full updates from Moderncities.com here