Daily Record Financial News &
Tuesday, March 1, 2016
Vol. 103, No. 077 • One Section
35¢ www.jaxdailyrecord.com
Baptist expanding north, south
Baptist Health is moving ahead on two major Jacksonville campus expansions — a North Jacksonville medical office building and a South tower. In North Jacksonville, Baptist Health applied for permits to build a three-story shell medical office building as well as a YMCA at its new medical campus at northeast Dunn Avenue and Interstate 295. The three-story, 56,800-squarefoot shell and core medical office building carries a construction cost estimate of $4.5 million, including the YMCA. The
address is 11250 Baptist Health Drive. The 14,322-square-foot tenant work for the YMCA is valued at $1 million. No contractor has been chosen for the office building. The architect is Gresham, Smith and Partners. The Jacksonville-based health care system has said the first phase of the campus is anticipated to be completed by yearend. That phase comprises the medical office building and an emergency center. Auld & White is the site con-
tractor and the contractor for the emergency center, which is a separate building. The permit for the $14 million emergency-center building was issued in December. Baptist Health previously estimated the first-phase cost at $35.7 million, but says the project is evolving and a current estimate
cannot be confirmed. The health care system said an inpatient hospital is not planned at the site. In South Jacksonville, Baptist Health filed site plans and an application with the St. Johns River Water Management District for an eight-story Tower C addition at its Baptist Medical Center South campus at 14550 Old St. Augustine Road in the Bartram area. Baptist Health said the tower initially will add 42 beds. Plans show the 170,000-squarefoot tower would connect to
the existing adjacent Tower D, although the square footage cannot be confirmed because the project is still being designed. England, Thims & Miller Inc. is the civil engineer. The project includes an expansion to the Central Energy Plant building. Baptist Medical Center South comprises a 165-bed hospital, the 104-bed Tower D and two medical office buildings. The new tower will boost the number of beds to 311. Baptist Health is based at 800 Mathis continued on Page A-2
OakLeaf center sells for $53.6M to N.Y. firm
Preparing to land with clear blue skies
Purchase is company’s 3rd in Florida in 18 months
Framed by the American flag and a palm tree, the Life Flight helicopter prepares to land at Baptist Medical Center on Monday morning. The helicopter makes about 40 patient flights per month, 70 percent of which are interfacility. The remaining 30 percent are flights responding to accident scenes.
Photo by Carol Boling Chaffin
By Karen Brune Mathis Managing Editor
Take a seat on ‘front porch’ at Art Walk Giant beer pong, giant Jenga, a giant lawn chair and free chocolate. The “Shamrockin’ Downtown” March edition of Art Walk on Wednesday will feature a pop-up attraction at the Jacksonville Landing and the grand opening of one of Downtown’s newest businesses, Peterbrooke Chocolatier. The Front Porch at Art Walk, set up along the sidewalk on the north side of Landing, will feature tables, chairs, umbrellas, a bar and entertainment including large-scale games. It’s intended to create a connection between the monthly event’s headquarters at Hemming Park and Downtown’s retail and entertainment center along the St. Johns River at the foot of Laura Street, said Hana Ashchi, Downtown Vision Inc. marketing and events coordinator.
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By Max Marbut Staff Writer
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It’s a 15-block event. We want to show people there’s more to Art Walk than just what they’ll find at Hemming Park.
Hana Ashchi Downtown Vision Inc. marketing and events coordinator
“It’s a 15-block event,” she said. “We want to show people there’s more to Art Walk than just what they’ll find at Hemming Park.” The concept to create a temporary outdoor seating area has been in the works for more than 12 months. “We want people to walk from Hemming Park to the Landing during every Art Walk,” said Landing spokeswoman Samantha Ashcraft. More than 15 local bakers, candle-mak-
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ers and artisan jewelers have been invited to show their wares at the Front Porch. Also on tap is a bar constructed from used pallets and a 16-foot-tall Adirondack-style lawn chair. Ashcraft said the idea is to try out the concept, and if it proves to be a hit with Art Walk attendees, it could be a regular attraction the first Wednesday of each month. “The area should be an inviting space,” Art Walk
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The Sembler Co. sold OakLeaf Town Center on Friday for $53.6 million to Katz Properties LLC, a New York-based real estate investment and management company. Katz Properties announced late Monday the 314,533-square-foot regional center in Southwest Jacksonville is its third acquisition in Florida over the past 18 months. OakLeaf Town Center is anchored by A.C. Moore, Ross Dress for Less, OfficeMax, HomeGoods, Ulta, Big Lots, Pier 1 Imports and PetSmart, among other retailers and restaurants. The company said it is 95 percent occupied. OakLeaf Town Center is at Argyle Forest and Crosshill boulevards in the 6,400-acre OakLeaf Plantation. Daniel Katz, a principal of Katz Properties, said in the release OakLeaf Plantation is one of the fastest growing planned communities in the country. “The ongoing shift in retailer concentration to this corridor is evident, and we are eager to be a part of it,” he said. Anchors that own their properties there include The Home Depot, Kohl’s and Target. “We’ve been watching retailers change locations or open new locations as OakLeaf Plantation has grown and we’re confident the tenant mix at OakLeaf Town Center will continue to improve right along with the Plantation’s continued development,” said Katz Chief Investment Officer Dan Eisenberg. Katz Properties said mortgage financing was arranged by Tim Breda of Goedecke & Co. Dennis Carson of CBRE’s Miami office and his team represented Sembler in the transaction. Sembler is based in St. Petersburg. Duval County property records show OakLeaf Town Center was developed in 2007 and 2008. Sembler Senior Leasing Representative Frank Militello said Sembler will continue
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consecutive weekdays