Mountain View
Jacksonville Business Journal
Fair to remain downtown through 2025
Delayed construction raised worry as to where the 2025 Greater Jacksonville Agricultural Fair would take place. Now, that question is answered.<\p> The fair’s move to the Westside is planned for 2026, and it was supposed to sell the current fairgrounds to Jacksonville Jaguars owner Shad Khan by Jan. 31, 2025. But CEO Bill Olson told the Business Journal in September that they looked to stay a bit longer, and they are. The 2025 Greater Jacksonville Agricultural Fair will take place at its current location next to EverBank Stadium. <\p>
Proposed changes on PGA Tour would impact The Players
A list of recommendations from the PGA Tour's Player Advisory Council would reduce the number of players in some Tour events, including The Players Championship.<\p> According to a post on the Tour website, the intention of the proposed changes, which were sent Tuesday to Tour members, is to "deliver a more competitive and entertaining product for players, fans, sponsors, tournaments and other stakeholders."<\p>
Southbank luxury apartments begin pre-leasing
Pre-leasing has begun for a new, 340-unit luxury apartment complex on the Southbank.<\p> Corner Lot broke ground on Artea at Southbank 16 months ago and announced Tuesday that pre-leasing has begun. The $93 million project at the intersection of Montana Avenue and Broadcast Place will deliver 340 Class A multifamily units in the city’s first transit-oriented development in partnership with the Jacksonville Transportation Authority. <\p>
Viewpoint: Enforcing political peace during campaign season
As America and Florida lurch in earnest into one of the most controversial election seasons in memory, many employers doubtless wonder whether they can, and should, establish restrictions on political activities in workplaces and spaces, and sometimes, even beyond.<\p> There are ample reasons to want to. To keep the peace in an increasingly divisive environment. To keep the focus on work. To protect the company’s brand and reputation from contentious employee statements that might spill into public view. And to shield organizations from legal liabilities such as charges of allowing a hostile workspace – especially given this election’s potential to inflame raw nerves involving race or sex.<\p>
How the Tim Tebow-backed faith-led fund aims to grow
Two Jacksonville-based companies, along with a Colorado firm launched a new fund last week, positioning itself as a way to help faith-led investors channel their money into technology companies. <\p> Created by way of a partnership between the Tim Tebow Group, Caplin Ventures and WaterStone, they’ve named it the “WaterStone Impact Fund” and aim to interlace faith-based giving with technology organizations. <\p>
Regency Centers raises 2024 outlook
A strong quarter for leasing activity led Jacksonville-based Regency Centers to slightly raise 2024 guidance again.<\p> The publicly traded retail center company [NASDAQ: REG] reported an increase in funds from operations and net operating income for its third-quarter performance. The midpoint of 2024 guidance represents more than 5% year-over-year growth. <\p>
First step toward Stadium of the Future construction in review
With just over two months left in the regular season, construction work is about to begin on the Jacksonville Jaguars Stadium of the Future. <\p> As of Monday evening, the city is reviewing the first permit for the $1.4 billion renovation, starting with the $1.53 million foundation. Hunt Construction is listed as the contractor on the permit that calls for test piles around the foundation of the stadium. <\p>
Workers are burned out, and one group of employees is feeling it most
The last few years haven’t exactly been stress-free, and it's left a majority of frontline workers with a sense of burnout.<\p> New research from workforce-management company UKG and consultancy Workplace Intelligence shows that 75% of nearly 13,000 frontline workers from around the world say they feel burned out. That response was highest among Gen Z workers, with 83% of those frontline workers reporting a sense of burnout.<\p>
Jaxport to gain new shipping service connecting to Asia
Ocean Network Express plans to add Jacksonville to its shipping line that connects to five ports in Asia, according to a Jaxport news release.<\p> The service, dubbed the East Coast 2 container service, will begin in February 2025 and will be ONE’s third service in Jacksonville, Jaxport officials said.<\p>
Construction to begin on more T-hangar space at St. Augustine airport
Construction for two new T-hangars at the St. Augustine airport begins Monday. <\p> Board members with the St. Johns County Airport Authority and others involved with the project conducted a groundbreaking ceremony for the new facilities Friday.<\p>
United Way of St. Johns County names new leader
United Way of St. Johns County recently announced a change in leadership.<\p> The organization that serves both St. Johns and Putnam counties has selected Carl Cricco to be the new president and CEO. Cricco most recently served as CEO for K9s for Warriors, which is headquartered in Ponte Vedra Beach.<\p>
Commercial foreclosures rise as lenders approach 'inflection point'
Commercial foreclosure activity across the nation crept up last month despite more positive sentiments overall across the commercial real estate industry.<\p> Foreclosure activity on U.S. commercial properties rose in September from the month prior, to 695, according to Attom Data Solutions LLC. The property data firm's analysis includes the total number of commercial properties with at least one foreclosure filing entered into its Data Warehouse during the month. It doesn't distinguish property types or sectors.<\p>
Surgery center among top permits for the week
Approximately $64.87 million of work was approved across 824 permits for the seven-day period ending Oct. 27. Removing 737 permits for single-family homes, townhouses, duplexes, mobile homes and condominiums leaves 87 permits totaling $30.67 million.<\p> Among the top permits for the period are:<\p>
Entrepreneurship festival coming to Jacksonville
A five-day entrepreneurship festival is slated for Jacksonville in mid-November, aimed at bringing together a diverse group of people to connect with North Florida’s top industry professionals. <\p> Happening from Nov. 12 through Nov. 16, this is the fourth annual EnterCircle Entrepreneurship Week. The event will be held at the link — a $6.5 million, 22,500-square-foot center built at 425 Town Plaza Avenue in Nocatee that opened in 2021. <\p>
More companies are putting pay details in job listings
The number of job postings that list salary information continues to climb — and they tend to attract more competitive candidates.<\p> Indeed’s Hiring Lab found in a study released Oct. 23 that 57.8% of job postings on Indeed in September contained some salary information, up from 52.2% during the same time in 2023. Although the rate of growth has slowed from previous years, the rate still grew in 95 of the 110 metropolitan areas Indeed tracked. <\p>
Managers trim staff by dialing up return-to-office policies
Editor’s Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> As more organizations implement return-to-office policies, more CEOs are explaining why they're opting to bring workers back to the office. Connectivity and collaboration are frequently cited reasons, but that's not true across the board. <\p>
Permit for North Florida Behavioral Health Hospital under review
A permit to construct an approximately 69,000-square-foot behavioral health hospital in West Jacksonville is currently under review by the city. <\p> TST Jacksonville IRF is the developer behind the $44 million building proposed at 7775 Volunteer Way, land south of Normandy Boulevard and west of I-295 a portion of which is undeveloped.<\p>
Record-breaking donation breathes new life into Jacksonville Symphony
The Jacksonville Symphony announced Thursday it has secured its largest donation ever, a $5 million gift from longtime supporters Preston and Joan Haskell. <\p> It’s the symphony’s largest donation in their 75-year-long history, the symphony said in a press release. The gift will support the symphony’s endowment fund and capital improvements to Jacob Symphony Hall. <\p>
Jacksonville Business Journal
5K+
Posts
275K+
Views
The Jacksonville region's source for local business news, breaking news alerts, newsletters, business intelligence and local business networking. An American City Business Journals publication.
It’s essential to note our commitment to transparency:
Our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. As a platform hosting over 100,000 pieces of content published daily, we cannot pre-vet content, but we strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation.