Daily Record Financial News &
Friday, July 29, 2016
Vol. 103, No. 185 • One Section
35¢ www.jaxdailyrecord.com
Judge awards $4.6M in Barnett case
By David Chapman Staff Writer A circuit court judge ruled in favor of Jacksonville Jaguars owner Shad Khan’s Stache Investments in the lengthy foreclosure lawsuit with developer Steve Atkins over the Barnett Bank building. In a final judgment of foreclosure filed Thursday, Circuit Judge James Daniel set the amount Barnett Tower LLC owed Stache Investments at $4.6 million.
The amount consists of the $3 million Stache Investments loaned Atkins to purchase the building and $1.2 million in interest as of Thursday, along with other fees and taxes. The judgment will continue to accrue interest until paid. A second loan of $165,764 to Atkins from Stache Investments was not addressed in the judge’s order. Daniel ordered if the judgment isn’t paid, the building will be sold at a public auction Sept. 14 to the highest bidder for
cash or electronic sale via city website. Proceeds would first go to Stache Investments. Atkins in a statement Friday morning said Barnett Tower consented to the foreclosure to avoid further litigation. He went on to detail some of the history of his involvement in the project, which included Barnett Tower partnering with Las Vegas-based The Molasky Group of Cos. after Stache Investments terminated Barnett
Work is underway to redevelop the Mandarin South Shopping Center, including building-out stores for Earth Fare and PetSmart. Plans filed with permit applications show Earth Fare and PetSmart will open at the 11700 San Jose Blvd. retail plaza. Earth Fare spokesman Mark Malinowski said Thursday the Asheville, N.C.-based company was “very excited to continue our growth in Jacksonville” and would share more details later about its new location. The grocer opened its first area market in August 2014 in the Atlantic North center at Kernan and Atlantic boulevards. Earth Fare’s chief financial officer said then it wanted to open two to three more stores, including in Mandarin. PGP Jacksonville LLC, part of the Preferred Growth Properties LLC real estate subsidiary of Books-A-Million Inc., owns Mandarin South. It bought the 4.9-acre site two years ago for $4.7 million. The center was built in 1982. PGP also owns and is developing The Strand at Town Center and The Crossing at Town Center near St. Johns Town Center. Those are signing new retailers and restaurants for Jacksonville as well as additional locations for some existing names. At Mandarin South, which is south of Interstate 295 at San Jose Boulevard and Loretto Road, much of the vacant space is being cleared out. Three tenants remain. AutoZone continues to operate near the Earth Fare space. Planet Beach and The Poochie Spa will move from the south end of the center to the north, near AutoZone. PGP previously filed site plans for Mandarin South that outlined a 27,550-squarefoot “natural grocer” and a junior anchor next to it of 17,730 square feet, both unidentified. Plans filed this week show both new tenants in the middle of the shopping plaza. A PetSmart spokeswoman said last week it planned to open a store at Mandarin South in fall 2017. It would lease the junior Mathis
Public
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Photos by Max Marbut
Earth Fare, PetSmart to open in Mandarin
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File photo
Building will be sold Sept. 14 if judgment not paid
Steve Atkins in the Barnett Building, which he wanted to renovate.
Beth Clarke from Chicago takes a picture of Rosa Linda Claudio and James Laform from San Antonio in the “Barbie Box” at the Hyatt Regency Jacksonville Riverfront. They are among 800 people attending the 2016 National Barbie Collectors Convention that ends Saturday.
Four days all about Barbie Annual convention draws 800 fans from around the world to Downtown
By Max Marbut Staff Writer
Barbie has run for president each election year since 1992, billed as the only allfemale ticket.
For 57 years old, she’s looking pretty good. At least that would be the opinion of more than 800 people attending the 2016 National Barbie Doll Collectors Convention at the Hyatt Regency Jacksonville Riverfront. Barbie debuted in March 1959 at the New York Toy Fair. People laughed at the concept, said Kelly Powers, spokeswoman for Mattel Inc., which has owned the brand since it began. They’re not laughing now. Mattel doesn’t know exactly how many Barbie dolls have been sold worldwide, but it’s “probably 1 billion,” she said. Collectors began arriving Tuesday for the four-day convention that wraps up
Saturday. They have reserved more than 3,000 room nights at the hotel and will spend more than $1.7 million on lodging, food and beverages and entertainment before they return home, according to Visit Jacksonville, the convention and visitors bureau for Duval County. Planning the event — the group’s 36th national meeting — began three years ago, said Maria Sox, a collector from Miami who is co-chair of the convention. The site is selected on a rotating basis, alternating between the East Coast and West Coast, to accommodate members of Barbie doll collector clubs in all 50 states and this year, 13 countries from Asia and Australia to Europe. This year’s theme is “A Pop Art Happening.” Many of the workshops and fashion shows have a 1970s flair, recalling the work Barbie
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Full name
Birthday
Hometown
Doll sales
Barbara Millicent Roberts
March 9, 1959 (the date she was unveiled at New York Toy Fair)
Fictional Willows, Wis., where she attended high school
$1.01 billion in 2014; first sold for $3
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