Downtown Jacksonville

Jacksonville Daily Record Building Sold For $915,000

Apr 25, 2019
Jacksonville Daily Record

Former Financial News & Daily Record Publisher James F. Bailey Jr. sold the Downtown building the newspaper occupies, more than two years after selling the company to Observer Media Group of Sarasota.

The Jaxson

There are no shortage of ideas of what to do with The Jacksonville Landing, now that the city is buying the waterfront marketplace from longtime owner Toney Sleiman’s company.

Business Brief: Next Steps For Lot J's $500 Million Development Proposal

Apr 25, 2019
Via Jacksonville Daily Record

Jacksonville Jaguars owner Shad Khan and team President Mark Lamping say they are moving aggressively on their $500 million development proposal for Lot J at TIAA Bank Field in Downtown Jacksonville.

Via Jacksonville Daily Record

An apartment community of shipping containers has been designed for the Cathedral District area of Downtown.

DIA Backs Plan To Simplify Downtown Jacksonville Design Standards

Apr 18, 2019
Jacksonville Daily Record

Two pieces of legislation introduced last week by District 5 Councilwoman Lori Boyer, aimed at simplifying Downtown Jacksonville design standards for developers and altering parking space requirements, have jumped another hurdle.

Old Duval Courthouse, City Hall Annex And Liberty Street Projects Face Delays

Apr 18, 2019
Jessica Palombo / WJCT News January 2019 file photo

A heavy-duty construction zone on the downtown riverfront will be crammed with barricades and temporary fences and bulldozers and cranes on barges for several months longer because of delays in the pace of the work.

Developers Ask City To Scrap Existing Berkman II Development Plan

Apr 12, 2019
Barrington Development

A Mississippi development firm asked the City of Jacksonville on Friday to withdraw a proposed agreement that would have paid them up to $36 million in public incentives to redevelop downtown’s vacant Berkman II property into a hotel and family-oriented resort.

Jacksonville Jaguars

Jacksonville Jaguars President Mark Lamping said team owner Shad Khan is committed to development at Lot J, the TIAA Bank Field parking site that city utility JEA bypassed for its headquarters.

Investor Behind Berkman II Proposal Behind In Taxes In Another Project

Apr 9, 2019
Barrington Development

The head of the Mississippi-based development firm behind the proposed Berkman II redevelopment project, which could receive up to $36 million in public incentives, has ties to a struggling condominium project in New Orleans that owes more than $200,000 in delinquent property taxes and $79,000 in unpaid debts to contractors, according to public records reviewed by our Florida Times-Union news partner.

Business Brief: Why Adams Street Prevailed As JEA's Choice For New Headquarters

Apr 4, 2019
Jacksonville Daily Record

Over the next 120 days, JEA will complete an agreement with Ryan Companies US Inc. to lease and build a new corporate headquarters in Downtown Jacksonville.

Bill Bortzfield / WJCT News

It appears “business as usual” will be winding down quickly at The Jacksonville Landing following Tuesday’s City Council approval to buy out the current ownership.

City Council Approves Jacksonville Landing Buyout Deal

Mar 27, 2019
Bill Bortzfield / WJCT News

Jacksonville City Council members approved legislation Tuesday night giving the city full possession of The Jacksonville Landing, ending a two-year legal fight over the future of the Downtown riverfront marketplace and setting it up for potential demolition.

Bill Bortzfield / WJCT News

Slow down.

That’s the message of more than 1,000 people who have signed a petition urging the City Council to not rush to demolish The Jacksonville Landing.

Jacksonville Landing Could Be Demolished By September

Mar 21, 2019
Jacksonville Daily Record

Pending City Council approval Tuesday, The Jacksonville Landing could be demolished by September.

City Buy-Out Of Jacksonville Landing Passes First Council Vote Test

Mar 19, 2019
Florida Times-Union

A $15 million city buyout of The Jacksonville Landing’s owner cleared its first stop Monday at City Council in a 6-1 vote for an agreement that supporters say gives the city a chance to retake control of the riverfront land and replace the Landing with a new kind of development for the next generation.

City Council Approves Deal To Add VyStar To Arena Name

Mar 13, 2019
City of Jacksonville

VyStar Credit Union’s name will go up on the city-owned arena in a multi-million dollar agreement that ends a prior ban on having a company be part of the arena’s name.

City Council Members Scrutinize Downtown Resort Hotel Incentives Package

Mar 12, 2019
Barrington Development

Several Jacksonville City Council members expressed concerns Monday over a $36 million package of public incentives for a developer planning to build a waterfront resort hotel with games and rides — including a 200-foot tall observation wheel — at downtown’s partly-built Berkman II property in a deal that includes an unusual provision for the city to subsidize the hotel’s operation.

City Council Is Next Stop For $36 Million Berkman II Incentives Proposal

Feb 27, 2019

The Downtown Investment Authority and 500 East Bay LLC are seeking City Council approval of a development agreement to provide $36 million in incentives for developers to convert the partially constructed Berkman II condominium along the Downtown Northbank into an entertainment center.

CNBC Report: Kraft Heinz May Sell Maxwell House

Feb 25, 2019
Heather Schatz / WJCT News

In the wake of a disastrous fourth-quarter financial report, Kraft Heinz Co. may sell its Maxwell House coffee business, which includes an iconic Downtown Jacksonville plant, according to a CNBC news report.

Mayor Lenny Curry's Twitter account

Jacksonville Landing owner Toney Sleiman and Mayor Lenny Curry both flashed thumbs-up on Wednesday, announcing they’ve reach an agreement after years of butting heads that could result in demolishing part or all of the Jacksonville Landing.

VyStar President and CEO Sheds Light On Credit Union's Strategy

Feb 15, 2019
Jacksonville Daily Record

In the coming months, Jacksonville residents will be seeing a lot more of VyStar Credit Union.

City of Jacksonville

Jacksonville Mayor Lenny Curry and VyStar Credit Union President/CEO Brian E. Wolfburg announced an agreement worth more than $9.76 million Thursday to rename the Jacksonville Veterans Memorial Arena.

BB&T And SunTrust Announce Merger Plan To Form 6th Largest U.S. Bank

Feb 7, 2019
Photos via Jacksonville Daily Record

BB&T and SunTrust – which have large operations in Jacksonville – have agreed to merge into a new and as-yet-unnamed bank, in an all-stock deal valued at approximately $66 billion.

JEA Board Hears From Developers Pitching Proposals For A New Tower

Feb 5, 2019
Rendering via the Jacksonville Daily Record

The three development groups vying to build JEA’s corporate headquarters have until March 11 to negotiate their best offers with the utility’s board of directors before it settles on a decision in early April.

Mathew105601 / Wikimedia Commons

In the last quarter of last year, office renters were paying a little bit less, on average, than in the summer and early fall. 

Average Jacksonville office rents dropped slightly to an average of $19.55 per square foot, while the vacancy rate tightened to 7.8 percent.

Morris Communications Co. LLC. / Via Jacksonville Daily Record

As The Florida-Times Union staff prepares to move Downtown in the second quarter, the Morris family is laying the groundwork to redevelop the 1 Riverside Ave. riverfront property the newspaper has anchored since 1967.

UNF's New Entrepreneurship & Innovation Center Is Open In The Barnett

Jan 31, 2019
Jacksonville Daily Record

The University of North Florida has established a concept for higher education that’s intended to create new opportunities in Jacksonville.

JEA Says In Employee Email It Won't Select New Headquarters Site Until April

Jan 29, 2019

The JEA board of directors will not select a new location for the company’s corporate headquarters until April.

Bill Bortzfield / WJCT NEWS

Another restaurant at the Jacksonville Landing has closed.

Jacksonville-Based CSX Plans To Cut More Jobs

Jan 24, 2019
Jacksonville Daily Record

CSX Corp.’s 2018 job cuts exceeded management’s expectations, and company officials said last week they see plenty of room to cut further.