Daily Record Financial News &
Friday, August 19, 2016
Vol. 103, No. 200 • One Section
35¢ www.jaxdailyrecord.com
Avondale anticipates $40M project
Chance Partners plans Class A waterfront apartment community A high-profile corner in Avondale is slated for a $40 million redevelopment as Chance Partners prepares to turn St. Johns Village into a waterfront apartment community. Chance Partners, with offices in Jacksonville and Atlanta, bought the site in March and filed its Planned Unit Development application with the city last week. The company hopes to start construction by year-end and complete St. Johns Village in the first half of 2018, creating an up to
224-apartment project among five buildings along with a parking deck and other on-site parking. “St. Johns Village is seen by many area residents as the gateway to their communities,” said a statement from Chance Partners. It said the development will be an enhancement to the underutilized property and is made possible in large part to the Riverside Avondale Preservation group and neighbors. Chance Partners bought the 16-story, 90-unit Command-
That smell Downtown is BBQ
er Apartments and the almost 45,000-square-foot St. Johns Village retail center in March for $5.9 million. The Commander Apartments, built in 1961, occupy about 2.5 acres at 3946 St. Johns Ave. along Fishweir Creek and Little Fish-
weir Creek, which are a tributary of the St. Johns River. The Commander is 70 percent occupied. The St. Johns Village retail center was developed in 1987 among four buildings on 3.3 acres at 4000 St. Johns Ave. It is at the corner of St. Johns Avenue and Herschel Street. It was 50 percent occupied when sold to Chance Partners. Chance Partners proposes to rezone and redevelop the 5.78acre site. It would renovate the Commander apartments to Class
A status and demolish the shopping center to be replaced by four apartment buildings and a twolevel parking deck. The apartment structures are designed as two four-story buildings and two two-story carriage houses, each with two units. The PUD application shows 88 proposed units for the Commander tower and 136 units in the new buildings. Rental rates have not been determined. Chance Partners said it has Mathis continued on Page A-3
‘Daily’s Place’ now part of EverBank Field
New restaurant opens Monday on Forsyth
If you were walking near the north side of EverBank Center on Thursday morning and thought you smelled barbecue, your nose wasn’t playing a trick on you. The aroma you detected was a test run at The Bank BBQ & Bakery at 331 W. Forsyth St., in preparation for the opening Monday. Tom Thornton bought the 75-year-old former Tucker Bros. Building in 2014 and began converting it into a restaurant and bakery in April with an investment of more than $300,000. “From the roof to the floor, it’s all new,” said Thornton, who also owns Dixie Auction Co. “I think it’s turned out nice.” The menus were still at the printer Thursday, but Thornton said The Bank will serve breakfast in the morning. And for lunch: “It’s not an elaborate menu — it’s pork and ribs and chicken.” In April, a few days after the building permits were issued, Thornton wouldn’t reveal who would be supervising the kitchen. He would only say he was hiring the pitmaster from his favorite local barbecue joint. BBQ continued on Page A-2
Planned amenities at EverBank Field have a name: Daily’s Place. Jacksonville Jaguars owner Shad Khan, pictured at left, spoke at a naming and groundbreaking ceremony Friday morning for the amphitheater and covered flex field adjacent to the Downtown stadium. The projects are part of the $90 million upgrades — split evenly by the team and the city — to EverBank Field approved in December. They are anticipated to be completed in May. Daily’s, the Jacksonville-based convenience store chain, will be the namesake of the facilities through a multi-year partnership.
Photos by David Chapman
By Max Marbut, Staff Writer
Real estate has become team sport
After 27 years with The Pig Bar-B-Q, Richard Burns is running the pit at The Bank BBQ & Bakery.
Public
Photo by Max Marbut
By Kevin Hogencamp Contributing Writer CC Underwood was overwhelmed. It was early in her real estate career and the dawn of the Great Recession. She was helping as many as 40 customers at once but, naturally, didn’t want to turn down any business. The short-sale market, in particular, was much busier than Underwood ever expected. “Doing it myself wasn’t working,” she said. So, two years into her career with Keller Williams Jacksonville Realty, Underwood put a team together. She wanted to expand her business and, with a growing family, she wanted more flexibility with her time. Underwood hired an assistant and later
legal notices begin on page
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added an agent to her team. Then another agent. And another. The rest is history. Underwood is renowned in Jacksonville’s real estate industry for taking the team approach to a new level. Hers is among Northeast Florida’s megateams. Sellin’ with CC now has its leader, three buyer specialists, a listing specialist, a transaction coordinator and an executive assistant. Underwood credits much of her success to the training she and her team members have received from Keller Williams. The company is recognized by Training magazine as one of the world’s top training organizations across all industries. “Our co-founder (Gary Keller) essentially wrote the book on growing a team in real estate,” she said. Team sport continued on Page A-4
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As business grows, Realtors find they need help
Mother and daughter Millie Kanyar and Diana Galavis comprise the Impact Team for Watson Realty Corp.
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