TUESDAY May 25, 2021
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Daily Record JACKSONVILLE
DEVELOPMENT
City proposes $21M in grants for Dun & Bradstreet HQ
Daily Record JACKSONVILLE
Multifamily, retail planned next to Porter House Mansion
The company plans to relocate to Jacksonville from New Jersey.
Daily Record Daily Record JACKSONVILLE PORTER HOUSE BLOCK JWB Real Estate Capital LLC President Alex Sifakis showed this map to the JAX Chamber Downtown Council.
of next year but it’s something that we’re currently in conceptual design on right now,” Sifakis said. Sifakis said after the meeting the residential project could be seven stories. JWB Sifakis is working on the cost projections and financial analysis. Sifakis showed Downtown Council members an aerial photo of the Porter House block with street-level retail facing West Church and AshSEE PORTER HOUSE, PAGE 2
SEE INCENTIVES, PAGE 2
proposed multifamily development west of the Porter House Mansion. Green: Street-level retail.
Blue: Outdoor restaurant seating and a pocket park. Green arrows: Access to park space. Red: A new stairwell that will lead from the street to the halfbasement restaurant space.
BY MIKE MENDENHALL STAFF WRITER
JWB Real Estate Capital LLC President Alex Sifakis said the company plans a multifamily and mixed-use development Downtown on the vacant land next to the Porter House Mansion. Sifakis outlined preliminary plans for the project May 21 during a virtual meeting of the JAX Chamber Downtown Council. Through 510 N Julia LLC, JWB paid $2.605 million in August for the 510 N. Julia St. mansion and the 1.5-acre block where it sits. “That probably won’t start until middle to end
STAFF WRITERS
The city’s proposed $21 million share of proposed incentives to bring Dun & Bradstreet Corp.’s headquarters to Jacksonville would be paid through grants, according to documents from Mayor Lenny Curry’s administration. The international financial services and data management firm announced plans May 20 to relocate its corporate headquarters from Short Hills, New Jersey, to Jacksonville, creating 500 jobs. The Mayor’s Budget Review Committee voted 7-0 on May 24 to approve the incentives. The grants now go to City Council. The taxpayer-backed incentives deal is outlined in a May 20 memorandum from Kirk Wendland, city economic development executive director: ■ $12 million Headquarters Retention Grant paid in $600,000 increments over 20 years. ■ $6 million Relocation Grant paid over three years. ■ $3 million Target Industry Grant at $6,000 per job paid in $1,500 increments over four years. The state has committed a $4 million High Impact Performance Incentive Grant to the project, boosting the assistance to $25 million. Florida and Jacksonville taxpayers are paying about one-third of Dun & Bradstreet’s estimated $75 million capital investment in the project. According to Wendland’s memo addressed to city Chief Administrative Officer Brian Hughes, the incentives package
Yellow: The JACKSONVILLE
JWB Real Estate Capital President Alex Sifakis told the JAX Chamber Downtown Council that the project could be seven stories with work starting next year.
BY MIKE MENDENHALL & KATIE GARWOOD
Jaguars owner donates $1M to boost Eastside Jacksonville Jaguars owner Shad Khan announced May 21 he is donating $1 million to LIFT JAX to support the “holistic revitalization” of the Eastside neighborhood north of TIAA Bank Field. The contribution is through the Jaguars Foundation. Through the NFL’s Inspire Change platform, the Jaguars and LIFT JAX have been working with Historic Eastside Community Development Corp. for more than a year. The partnership is targeting five priorities: Food insecurity; parks, playgrounds and green spaces; local culture and business; adding the neighborhood to the National Register of Historic Places; and organizational and community support.
VOLUME 108, NO. 134 • ONE SECTION