JANUARY 13 TO JANUARY 19, 2022 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
COMMERCIAL REAL ESTATE ISSUE
THE FORD ON BAY ATTRACTS ‘OUT-OF-MARKET’ INTEREST THE HARDWICK AT FORD ON BAY Atlanta-based Carter’s plan for The Ford on Bay includes 332 residential units, retail, restaurants and a parking garage. Take a look at the six plans for the site presented to the Downtown Investment Authority Review Committee on Pages 6-7.
Special to the Daily Record
The Downtown Investment Authority is moving to select one of six proposals that would transform Bay Street’s riverfront.
MORE COMMERCIAL REAL ESTATE
BY MIKE MENDENHALL STAFF WRITER
Southeastern Metals is on the move to Park 295 Industrial Park. Page 3
T
here is a common thread among the six development companies that bid to build on the cityowned riverfront The Ford on Bay site Downtown. All have a regional and national reach. That means they consider the Jacksonville Downtown Northbank worth the risk. “The cost to enter the market is much lower than markets like Miami, Tampa and other popular cities in the Sun Belt,” said Colliers Northeast Florida Senior Director Matthew Clark.
Three area real estate teams explain apartment sales boom. Page 4 Apartments planned for old Furchgott’s building Downtown. Page 5 Year-end, quarterly and weekly commercial sales charts. Pages 10-11
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Clark, who is not directly connected to The Ford on Bay project, focuses on retail, office, mixed-use and “new urbanism” developments in Northeast Florida. He said The Ford on Bay’s St. Johns River location and connection to the Northbank Riverwalk make it desirable to residential and hotel developers outside of Jacksonville. “Overall, we are seeing an influx of this outside investment,” he said. Clark said there was a jump in investment Downtown at the end of 2021. “We are seeing a lot of out-of-market investors flooding the Downtown and urban neighborhoods.” SEE FORD ON BAY, PAGE 6
THE MATHIS REPORT On The Move joining car wash competition A Chicago-based developer is building a “state of the art facility, with all the new industry tech and equipment” automated car wash on Beach Boulevard. PAGE 12
INSIDE
Apartment sale sets city record for price PAGE 2 REAL ESTATE
What’s attracting area newcomers Jacksonville still is one of the most affordable places in Florida and in the nation. PAGE 14 THE BASCH REPORT
A $500 million bargain deal It looks like Fanatics Inc. found a bargain with its acquisition of the trading card business of the Topps Co. PAGE 19
VOLUME 109, NO. 34 | TWO SECTIONS | PUBLISHED SINCE 1912