Daily Record FINANCIAL NEWS &
TUESDAY, FEBRUARY 16, 2016
Vol. 103, No. 067 • oNe SectioN
Target pharmacies converting to CVS
APRIL 7
Noon-10 p.m. Up to 120 exhibits along Adams Street between Hogan and Main streets and Laura from Adams to the Jacksonville Landing
Photos by Max Marbut
Pharmacies in the Jacksonville-area Target department stores will be converted to CVS Pharmacy locations in March or April. CVS Health Corp. and Target Corp. announced Dec. 16 that CVS Health completed the purchase of Target’s pharmacy and clinic business for about $1.9 billion. CVS Health acquired Target’s 1,672 pharmacies in 47 states. Woonsocket, R.I.-based CVS will brand them as CVS/pharmacy and operate them through a store-within-a-store format. CVS Health also will rebrand 79 Target clinic locations as MinuteClinic. Minneapolis-based Target said it will include a CVS/pharmacy in all of its new stores that offer pharmacy services. CVS Health also said it would open up to 20 new clinics in Target stores within three years. All Target pharmacies and clinics are expected to be rebranded within six to nine months of the acquisition. A spokewoman confirmed the Jacksonville timeframe. CVS Health operates more than 9,500 retail pharmacies, more than 1,100 walk-in clinics and is a pharmacy benefits manager with more than 70 million plan members, among other services. Target’s website shows its eight stores in Jacksonville and at least three more in surrounding counties have pharmacies. CVS Health operates more than 30 pharmacies in the Jacksonville area and at least six have MinuteClinics.
APRIL 6
First Wednesday Spark Walk
One Spark Ventures Spark Tank
10-12 exhibitors will have private meetings with investors
35¢ www.jaxdailyrecord.com
APRIL 7
Creator Innovation Day
Daylong event for exhibitors, small business owners and others a with business idea will include panel discussions and workshops Hyatt Regency Jacksonville Riverfront
From left, Downtown Investment Authority CEA Aundra Wallace; One Spark Chief Operating Officer Chris Byers; Dave Herrell, city sports and entertainment officer; Jeff Charette, co-founder of Menuat and a former One Spark exhibitor; One Spark Ventures CEO Chris Carter; Kate Stewart, president of Jax Community of Entrepreneurs; and Jake Gordon, at the podium, CEO of Downtown Vision Inc. Gordon explained details of a partnership between One Spark and DVI that will present Spark Walk April 6.
‘A high-energy 24 hours’
Interstate Distributor leasing up NorthPoint
Pattillo Industrial Real Estate said its NorthPoint Industrial Park reached 100 percent occupancy following the execution of a lease for 70,020 square feet with Interstate Distributor Co. Interstate Distributor will relocate from Alta Lakes Commerce Center to occupy NorthPoint’s last remaining vacancy at 3700 Port Jacksonville Parkway, according to Pattillo Vice President Peter Anderson. MATHIS
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One Spark merging with Art Walk for April event
By Max Marbut Staff Writer One Spark merged with Art Walk, added access to venture capital for a select few exhibitors and will have a day-long seminar for entrepreneurs and small business owners. That’s the plan for the fourth edition of what began in 2013 as the world’s largest crowdfunding festival. Details were released Monday at Hemming Park for One Spark 2016 –– essentially a noon-10 p.m. expanded version of Downtown Vision’s April 6 Art Walk, dubbed First Wednesday Spark Walk. Downtown Vision Inc. CEO Jake Gordon said there will live music and food trucks
along Laura Street from Hemming Park to the Jacksonville Landing. “Keeping the street party atmosphere is crucially important,” Gordon said. “It will be a high-energy 24 hours instead of a high-energy 72 hours,” said Peter Rummell, One Spark board chair. Up to 120 exhibits will be set up along Adams Street between Hogan and Main streets and along Laura from Adams to the Landing. People interested in sharing their ideas at Spark Walk may visit OneSpark.com to apply no later than Feb. 29. Applicants selected to participate will be notified by March 15, with a $50 registration fee due by March 18. ONE SPARK CONTINUED ON PAGE A-3
Rummell
June 30 is target date to begin Northbank repairs Coastline, Liberty to be rebuilt; courthouse lot coming down
Reconstruction of Coastline Drive and the Liberty Street bridge and the demolition of the old Duval County Courthouse parking lot may begin in June.
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Special to the Daily Record
By David Chapman Staff Writer The closing of Coastline Drive in front of the Hyatt Regency Jacksonville Riverfront wasn’t the only development for the Northbank Riverwalk last week. The St. Johns Water Management District notified the city Friday it has received permit applications to replace Coastline Drive and the Liberty Street bridge. The latter was a portion of the Northbank that fell into the St. Johns River last February, spur-
ring more than a year of the bridge being shut down and consistent inspections. That part of Liberty Street is considered a bridge because it’s over water. The project also includes demolition of the old Duval County Courthouse parking lot that adjoins the collapsed area. The project is scheduled to start June 30 and end a year later, according to an environmental resource permit. Mayor Lenny Curry proposed a quicker fix than previously planned.
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Originally, it was five years and $65 million for the job but Curry’s administration slashed it to two years and $37 million. Part of that change meant getting rid of the courthouse parking lot between Market and Liberty streets, leaving an inlet where patrons used to park. It’s the biggest item on the city’s $83 million capital improvement project list this year, with the first-year amount coming in at $17 million — $12 million of which is borrowed. COURTHOUSE CONTINUED ON PAGE A-4
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