WEDNESDAY November 4, 2020
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Daily Record JACKSONVILLE
THE MATHIS REPORT
Daily Record
Scannell heading Southbound with new distribution center
JACKSONVILLE
Curr
Altig
Lower-paid bearing brunt of uneven recovery
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Henry Curr of The Economist and David Altig of the Federal Reserve Bank of Atlanta offer their insights. BY MARK BASCH CONTRIBUTING WRITER
Scannell Properties is developing Southbound Distribution Center at 2700 Powers Ave. east of St. Augustine Road and west of Philips Highway. Scannell applied for permits last week to build the 85,000-square-foot warehouse at a project cost of $5 million.
KAREN BRUNE MATHIS EDITOR
First, Lynyrd Skynrd at Freebird Commerce Center. Now The Allman Brothers Band. Indianapolis-based Scannell Properties names its Jacksonville industrial parks with 1970s Southern songs in its heart. The first was Freebird Commerce Center in North Jacksonville, named for the 1973 hit by hometown band, Lynyrd Skynyrd. The next is Southbound Distribution Center in Southside, a nod to the 1973 song by The Allman Brothers Band, whose official birthplace is considered to be Jacksonville. A historical marker honors the Riverside Avenue home where band leader Duane Allman, during a jam session in March 1969, threatened that everyone in the room not willing to be in his band
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would have to “fight your way out.” Or the story goes. Scannell Development Manager Ian MacDonald said Nov. 2 the name was inspired by the Southbound song, “and also the location on the south side of the market.” Cushman & Wakefield Senior Direc-
tors Jacob Horsley and Tyler Newman and Senior Associate Taylor Calfee represent Southbound. Horsley and Newman also are the brokers for Freebird Commerce Center. Scannell Properties applied for SEE MATHIS, PAGE 2
As the economy slowly comes back from COVID-19, the recovery likely will be uneven, two analysts said in Oct. 20 webinars for Jacksonville audiences. Technology is helping highpaying occupations recover but a rebound in lower-paying jobs is lagging behind, said Henry Curr, economics editor of The Economist magazine. Curr told a webinar hosted by the World Affairs Council of Jacksonville that the workplace is undergoing transformations that will continue once the pandemic ends. “It’s clear the brunt of that transition is going to be borne by lower-paid workers,” he said. David Altig, executive vice president and director of research at the Federal Reserve Bank of Atlanta, also said he expects a divergent recovery. “It is our belief we are going to see an uneven recovery in terms of winners and losers in the economy,” Altig said in a webinar hosted by the Economic Roundtable of Jacksonville and the North Florida chapter of the Association for Corporate Growth. “We’ve taken to calling this the ‘less than’ recovery,” he said. SEE ECONOMY, PAGE 2
Permit issued for JU Basketball Performance Center The city issued a permit Oct. 29 for Balfour Beatty to build the Jacksonville University Basketball Performance Center at a cost of $7.6 million. Balfour Beatty announced Oct. 15 that JU awarded it the contract to build the total $8 million center that will be home to the men’s and women’s basketball programs and daily operations. The center will be built next to JU’s Historic Swisher Gymnasium at the 2800 University Blvd. N. campus and is set to open before the start of the 2021-22 season.
VOLUME 107, NO. 248 • ONE SECTION