FRIDAY August 21, 2020
Public legal notices begin on page 4
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Daily Record JACKSONVILLE
THE MATHIS REPORT
Boyer says Khan still interested in Shipyards
JWB Real Estate buys the historic Daily Record Porter House Mansion Downtown JACKSONVILLE
The proposal to develop the Downtown property expired after 18 months without a deal.
Daily Record Daily Record JACKSONVILLE
BY KATIE GARWOOD STAFF WRITER
KAREN BRUNE MATHIS EDITOR
JACKSONVILLE
The Jacksonville investment group will renovate the Julia Street building for office use and plans a future restaurant for the basement.
JWB Real Estate Capital bought another Downtown property Aug. 20, the threestory Porter House Mansion at 510 N. Julia St. Built as a private residence after the Great Fire of 1901, the structure most recently was used by KBJ Architects until it moved and sold the property to a private investor in 2017. JWB Real Estate Capital, through 510 N Julia LLC, paid $2.605 million for the block. Property records and marketing materials show the almost 16,000-square-foot building comprises three stories of office space and a basement. President Alex Sifakis said Aug. 20 the structure will be renovated for lease as office space to a single tenant on the top three floors. He estimates a $600,000 project. He said the group will save SEE MATHIS, PAGE 3
Photo by Karen Brune Mathis
JWB Real Estate Capital paid $2.605 million for the block that includes the three-story Porter House Mansion at 510 N. Julia St. Downtown. The mansion was built as a private residence after the Great Fire of 1901 and last used as an office for an architectural firm.
D ow n tow n I n ve s t m e n t Authority CEO Lori Boyer told the DIA board Aug. 19 that although Iguana Investments Florida LLC’s proposal to develop the Shipyards property has expired, “that should not be interpreted as a change in interest level by Iguana, Mr. Khan or anyone else” to develop the property. Boyer said that when Iguana Investments, led by Jacksonville Jaguars owner Shad Khan, was awarded the RFP in 2017, there was a stipulation that said it had 18 months to negotiate, enter into a term sheet and pro- Boyer cess legislation through City Council. That has not happened, so Boyer said the “award pursuant to that procurement has expired.” Boyer said if DIA wanted to pursue development with Iguana at the Shipyards property, DIA would have to issue another RFP. Iguana Investments would have to resubmit a proposal. Iguana Investments still is interested in developing the property. “Since the original Shipyards proposal was submitted and approved, the plans for Lot J came online. As a result, some of the development originally planned for the western portion of the Shipyards were incorporated into the current Lot J plans,” Iguana SEE SHIPYARDS, PAGE 2
Cantor Fitzgerald building-out in Capital Plaza The city issued a permit Aug. 17 for Dav-Lin Interior Contractors Inc. to build-out space for financial services firm Cantor Fitzgerald in Capital Plaza in Southside Jacksonville. Dav-Lin will remodel the 7,846-squarefoot space at 10401 Deerwood Park Blvd. at a cost of $502,811. Plans show the New York City-based firm will lease on the first floor of Building II. JAX Chamber announced July 7 that Cantor Fitzgerald’s Jacksonville office will employ 80 people. The operation will handle some of Cantor Fitzgerald’s international security processing activities.
VOLUME 107, NO. 196 • ONE SECTION