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Daily Record JACKSONVILLE
THE MATHIS REPORT
Daily Record JACKSONVILLE
Ring Power building new HQ for Phoenix Products subsidiary
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The former FBI Building at 7820 Arlington Expressway.
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JACKSONVILLE
Incentives for old FBI Building take step
A developer wants to convert the Arlington property into 118 market-rate apartments. BY KAREN BRUNE MATHIS EDITOR
The city issued a permit Nov. 12 for Realco Recycling Co. Inc. to demolish an 11,000-square-foot warehouse on the site at a cost of $40,000. “The existing building was not large enough for our growth,” said Kevin Robbins, Ring Power Corp. executive vice president. The existing manufacturing plant encompasses 100,000 square feet of manufacturing space on 6.5 acres. Ring Power is based at 500 World Commerce Parkway in St. Augustine. It bought Phoenix Products, a former supplier, in 2005.
A bill seeking approval for a Recapture Enhanced Value Grant for the proposed $14.545 million redevelopment of the former FBI Building along Arlington Expressway as apartments is headed to City Council. The Mayor’s Budget Review Committee voted unanimously 7-0 on Feb. 22 to file legislation authorizing an economic development grant between the city and apartment developer Theotokos Holdings LLC. Theotokos Holdings requests a 10-year grant of $820,000 based on 75% of the incremental tax increases the project will generate over that time. The developer proposes a first mortgage of $11 million and cash equity of up to $3.545 million. A project summary says Theotokos Holdings wants to convert the former FBI Building at 7820 Arlington Expressway into 118 market-rate “starter” apart-
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SEE FBI BUILDING, PAGE 2
NEW HEADQUARTERS Ring Power Corp. is building a 5,710-square-foot headquarters office for its Phoenix Products subsidiary at 1544 E. Eighth St. in the Eastside Talleyrand area.
KAREN BRUNE MATHIS EDITOR
The company makes generator enclosures and fueling systems in the Eastside Talleyrand area.
Ring Power Corp. is starting construction on a new headquarters office for its Phoenix Products subsidiary in the Eastside Talleyrand area. The city approved a construction permit Feb. 23 for the estimated $800,000 construction of a 5,710-square-foot office building at 1544 E. Eighth St. J.B. Coxwell Contracting Inc. is the parking lot contractor; Bradley’s Construction Enterprises Inc. is the building contractor; and JAA Architecture is the architect. The new location is next to the existing Phoenix Products headquarters and manufacturing facilities at 1727 Bennett St.
Ember & Iron opens in St. Johns Ember & Iron, a St. Johns County restaurant that offers “rustic American fare” prepared on an 8-foot-long custom, oak-burning grill, opened Feb. 22. Ember & Iron is at 60 Shops Blvd., Suite 80, in the Shoppes of St. Johns Parkway. Chef Mike Cooney and his wife, Brittany, are the owners. The restaurant will be open only for dinner to start, later adding lunch and weekend brunch. Hours are 4-10 p.m. Sunday through Thursday, and 4-10:30 p.m. Friday and Saturday. Cooney has been in the restaurant business for 17 years. He was the chef de cuisine at Restaurant Medure.
VOLUME 108, NO. 73 • ONE SECTION