MONDAY February 17, 2020
Public legal notices begin on page 3
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Daily Record JACKSONVILLE
$300M development atJACKSONVILLE I-295, Butler now called Highland Row
Cooking up tools to help understand the economy
Daily Record
David Altig, executive vice president and director of research for the Atlanta Fed, explains the “bacon” index.
Daily Record Daily Record JACKSONVILLE
BY MARK BASCH CONTRIBUTING WRITER
JACKSONVILLE
Images special to the Daily Record
An artist’s rendering of a street in the Highland Row development planned at Interstate 295 and Butler Boulevard.
BY KATIE GARWOOD STAFF WRITER
Previously called the Exchange at Jacksonville, the Fuqua Development project comprises “blocks of dense, walkable and mixeduse real estate.”
The initial $300 million, 65-acre phase of Fuqua Development’s mixed-use development on 1,200 acres of Skinner family land will begin preleasing under the conceptual name Highland Row. The development is at southeast Interstate 295 and Butler Boulevard. The project was called the Exchange at Jacksonville when it was introduced in March. Prime Realty Senior Vice President Matthew Clark and Entwine Founder and CEO Megan Atkin will market and lease the development. The project will include restaurant, retail and “blocks of dense, walkable and mixed-use real estate,” according to a news release. A site plan for Highland Row shows a grocery store, office buildings, a movie theater and two hotels.
THE MASTER PLAN The 1,200-acre Highland Row development comprises 200 acres of conservation land, 65 acres of mixed-use land and 1,150 acres for single-family homes and townhomes.
When you want to examine complex issues, sometimes it’s best to break them down into terms everyone can understand, such as the Waffle House Index. That’s an unofficial index some emergency planners use to help residents prepare for hurricanes. If the local Waffle House is staying open, conditions aren’t expected to be that bad but Altig if the alwaysopen restaurant shuts down, conditions might be dangerous. In a similar vein, the Federal Reserve Bank of Atlanta is using a “bacon” index to help everyone understand the state of the U.S. economy. “We like to create tools,” said David Altig, executive vice president and director of research for the Atlanta Fed, during a Feb. 13 presentation at the bank’s Jacksonville branch. “It’s sort of become a game with us.” The Atlanta Fed’s “Business Activity Conditions” index is actually spelled “B.A.CON.” It’s a five-level index similar to the U.S. Military’s DEFCON system to describe its alert level. In the best-case scenario, the economy is at B.A.CON level 5, which is “all clear.” At the other end of the scale at level 1, “we’re heading into the tank.”
SEE HIGHLAND ROW, PAGE 2
SEE ALTIG, PAGE 2
DDRB approves FIS headquarters design Designs for the Fidelity National Information Services Inc. $145 million world headquarters in Brooklyn received unanimous final approval Feb. 13 from the Downtown Development Review Board. Architect Gensler and developer Hines didn’t ask the DDRB for any design code deviations for the 12-story, 358,092-square-foot office tower or its eight-story, 570,000-square-foot parking garage. Hines Senior Managing Director Lane Gardner said the high-rise planned for 323 Riverside Ave. is on track for completion in June 2022. The project will now advance to city permitting.
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