MONDAY December 23, 2019 jaxdailyrecord.com • 35 cents
Sculpture across from the Florida Theatre dedicated PAGE 2 Public legal notices begin on page 3
Daily Record JACKSONVILLE
THE MATHIS REPORT
52 acres at The Strand sold for $62.7 million
Daily Record
Florida Blue to start work on Brooklyn parking garage
JACKSONVILLE
Consolidated-Tomoka Land Co. says the Town Center purchase is an investment in incomeproducing properties.
Daily Record Daily Record JACKSONVILLE
BY SCOTT SAILER STAFF WRITER
JACKSONVILLE
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The Downtown Development Review Board approved the design of Florida Blue’s proposed 869-space parking garage in Brooklyn.
KAREN BRUNE MATHIS EDITOR
Insurer applies for a permit to construct the foundation for the structure at 800 Forest St.; work is expected to begin Jan. 9 and be completed by Sept. 9.
Jacksonville-based Florida Blue applied to the city to construct the foundation of its planned Brooklyn parking garage at 800 Forest St. at a cost of $862,000. Codes-ABC Inc. is the permitting consultant. The application shows the foundation for a four-level precast concrete parking garage. On Nov. 14, the Downtown Development Review Board approved the design of the proposed 869-space, $22.5 million structure. Construction of the parking garage is expected to begin by Jan. 9 and be completed by Sept. 9, according to a document filed with the board. The Florida Blue garage also has 60-foot-deep retail bays, but they will not be built-out at the start. In agreement with the city, Florida Blue will make parking available to the public after 6 p.m. weeknights and all
day on weekends. The city will transfer ownership of the $3.17 million Forest Street property to Florida Blue at no cost by Dec. 31, and the insurer will receive a $3.5 million completion grant to build the garage. Florida Blue now uses a 4½-acre riverfront surface lot along Riverside Avenue that it will sell in the first quarter to Fidelity National Information Services Inc. for construction of a $145 million headquarters. The parking garage will serve Guidewell Inc., the parent company of Florida Blue, at its 532 Riverside Ave. tower. Guidewell announced it will add 750 jobs at the Riverside offices, comprising 500 contract and 250 full-time positions. It will increase the workforce there to 1,750. KMATHIS@JAXDAILYRECORD.COM (904) 356-2466
Consolidated-Tomoka Land Co., a Daytona Beach-based real estate investment company, paid $62.7 million for about 52 acres at The Strand at Town Center. Consolidated-Tomoka bought the land Dec. 9 through subsidiary CTO19 Strand JAX LLC. The commercial area is at northeast Gate and Town Center parkways near St. Johns Town Center. Mark Patten, ConsolidatedTomoka senior vice president and CFO, said the purchase was a real estate investment in incomeproducing properties. Buildings purchased total about 216,000 square feet of space, according to Duval County Property Appraiser records. C o n s o l i d a t e d -To m o k a becomes the landlord to the tenants renting the buildings. Tenants leasing that space include Fogo de Chao Brazilian Steakhouse, Mission BBQ, T-Mobile, Domu restaurant, TD Ameritrade, CareNow Urgent Care, Diamonds Direct, Best Buy, PGA Tour Superstore, Keke’s Breakfast Cafe, Grub Burger Bar, Yogurt Mountain and 2nd & Charles. Birmingham, Alabama-based PGP Jacksonville TC LLC, a subsidiary of Preferred Growth Properties LLC, sold the property. Preferred Growth Properties is a subsidiary of Books-A-Million Inc. PGP bought the land from the Skinner family in 2016 and developed the property. SEE THE STRAND, PAGE 2
Registry at Windsor Parke apartments sold A New York City-based developer and investor paid $49.55 million for the 260-unit Registry at Windsor Parke apartments in a sale that closed Dec. 18. BW Registry LLC, an affiliate of Beachwold Residential LLC, paid $190,577 per unit. It secured a $35.39 million mortgage from Walker & Dunlop LLC. The project was built in 1999 at 13401 Sutton Park Drive S. in South Jacksonville. The seller, Atlanta-based PRG/Registry JAX LP, bought the community in 2013 for $33.28 million. Beachwold says it owns seven other properties in the Jacksonville area.
VOLUME 107, NO. 26 • ONE SECTION