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Jacksonville Business Journal
The List: First Coast's largest data analytics & tech services firms
This week’s Jacksonville Business Journal lists the largest First Coast data analytics and tech services firms.<\p> The full List is available only to subscribers. Don’t subscribe? Sign up today. Digital subscribers can view the entire List online. Subscribers can also view additional records and expanded company information such as the firms’ practice areas.<\p>
New boutique near downtown celebrates African diaspora
When Ashanti Boutique & Emporium opens its doors on June 29, owners Darlene Johnson and Karimah Edwards look to offer a setting that both activates community and honors African culture.<\p> As they prepare to open the shop at 1713 N. Main St., Ghanaian elephant sculptures, wooden lions, bright dresses, hand-carved canes and much more decorate the store. In the back, a sitting area with a couch across from two chairs provides a hint of the gathering place that Johnson and Edwards believe the place can be.<\p>
Trio not dead, but DIA say it needs to focus on other projects
The city’s involvement in the redevelopment of the Laura Street Trio might not be over, but the Downtown Investment Authority’s time and resources have been drained by months-long negotiations, DIA CEO Lori Boyer said, and the process “isn’t productive.”<\p> Since January, when City Council sent the Trio deal back to the DIA to negotiate, there have been several exchanges of term sheets between the city agency and Trio owner SouthEast Development Group, with the back and forth leading to four drafted proposals. <\p>
Jacksonville grants permit to build Ebisu Life Store
Kitschy yet utilitarian Japanese home goods are coming to Jacksonville. <\p> Ebisu Life Goods received a permit from the city for a $92,000 build-out at 11160 Beach Blvd. Slated for the space next to Goodwill on the south side of Beach Boulevard, just west of Interstate 295, the 8,000-square-foot store will offer all sorts of Japanese goods when it opens.<\p>
DIA doesn't want to negotiate on Trio? Atkins says he's OK with that
At around 9 p.m. Tuesday, Steve Atkins, principal of SouthEast Development Group, received an email from the Downtown Investment Authority.<\p> Attached to it: a copy of a DIA resolution calling for the end of negotiations and the rejection of requested incentives for the adaptive reuse of the historic Laura Street Trio. <\p>
These abandoned Arlington offices soon to be housing
The transformation of the former FBI and Offshore Power Systems buildings into apartments is underway as site plans were filed Wednesday for one of the buildings.<\p> Property owner and developer Marc Kozman, through Arlington Florida LP, has been working with the city to negotiate incentives to turn the more than 16-acre site along Arlington Expressway into about 800 apartments, affordable housing director Joshua Hicks told the Business Journal. <\p>
Many managers are posting fake jobs. One reason may surprise you.
Employers are turning to fake job listings as a means of boosting staff morale in the current unsettled hiring market, but those ghost postings could have consequences. <\p> That’s according to a recent Resume Builder survey, which found 40% of 649 hiring managers surveyed have posted a fake job listing in the past year. Three in 10 responded they have an active fake-job posting. <\p>
St. Augustine winery adds La Cocina chef to introduce fine dining
La Cocina is going from the beach to the city, partnering with the San Sebastian Winery to bring a new rooftop dining option to St. Augustine.<\p> Winery owner Charles Cox told the Business Journal that chef Norberto Jaramillo will take over the food service operations at the rooftop space. The winery is located at 157 King St. <\p>
Work on multi-restaurant space in Brooklyn about to begin
Construction on The Hub Brooklyn, a two-story, four-store commercial outpost at the intersection of Forest Street and Riverside Avenue., is set to begin in about six weeks. <\p> Located in the midst of several commercial buildings — the project is across the street from FIS' world headquarters — the site looks to be “a place for creativity and connection to the community."<\p>
How new DIA chair will approach role
Patrick Krechowski hasn't been on the board of the Downtown Investment Authority for very long — but he brings to the job decades of experience in working with both the real estate community and governments.<\p> Those experiences will come into play as he takes over as chairman of the agency's board<\p>
Jacksonville should 'no longer be doubted,' Khan says
Soon after signing the $1.4 billion deal to renovate EverBank Stadium, Jacksonville Jaguars owner Shad Khan said he thinks the deal will “absolutely” bring Jacksonville to the next level.<\p> After City Council voted to renovate EverBank Stadium at its meeting Tuesday, Khan and Mayor Donna Deegan signed the poster board-sized legislation, which was displayed at the front of an auditorium at the Miller Electric Center Wednesday. <\p>
Visa, Mastercard 'swipe' fee settlement dealt a big blow
A nearly $30 billion settlement involving U.S. retailers and credit card giants Visa Inc. and Mastercard Inc. has been dealt a blow after a judge said it was unlikely she would approve the deal.<\p> During a June 13 hearing on preliminary approval of the proposed settlement involving “swipe” fees, U.S. District Judge for the Eastern District of New York Margo Brodie said she was unlikely to sign off on the deal. Brodie issued a written order on the case on June 25, and while the order itself was sealed, the accompanying memorandum on the court docket stated that the "court finds that it is not likely to grant final approval to the Settlement and accordingly denies Plaintiffs' motion for preliminary settlement approval."<\p>
South Florida oceanfront mansion sells for $148M
An oceanfront mansion in Palm Beach was sold by a Canadian company for $148 million.<\p> The 13,127-square-foot home at 455 N. County Road was sold by 3160 Daulac Real Estate Limited Partnership, managed by Max Pencer of Westmount, Quebec, in partnership with siblings Richard Pencer and Gary Pencer. It was previously owned by their late father, William Pencer. The buyer was Sundown LLC, a Delaware-registered company managed by attorney Michael Gordon in Wilmington. <\p>
Electric aircraft company plans infrastructure at Craig Airport
An electric airplane company has plans to build at a Jacksonville airport as it looks to participate in the medical transport industry in the area.<\p> Beta, based in Vermont, is investing in the construction of an electric vehicle charging station at Jacksonville Executive at Craig Airport as it builds up infrastructure for operating its planes across the country.<\p>
Grants look to spur activity in urban core
Downtown Vision Inc. is funding eight new placemaking projects in Jacksonville's urban core, putting $300,000 toward projects ranging from transforming vacant storefronts to holding dance parties at Skyway stations.<\p> This is the second year for the endeavor, which is also continuing to fund three projects from last year.<\p>
‘Lock-in effect’ restricts homeowners despite inventory improvements
A U.S. housing market that continues to see home-price appreciation, paired with higher-for-longer mortgage rates, may prolong the lock-in effect that's stymied inventory the past couple of years.<\p> Many housing economists predicted 2024 would see more relief for homebuyers by way of greater inventory and households more willing to sell their homes after being tethered to record-low mortgage rates obtained during the Covid-19 pandemic.<\p>
Mexican grocer adding second store
After adding 5,000 square feet to its Dupont shopping center store in the Southside — adding shelf space, installing a 60-foot meat, seafood and hot bar with a new restaurant area under renovation — Pepe’s Hacienda Grocery and Restaurant will continue its expansion in Arlington. <\p> On June 24, the grocer received a building to build out a restaurant and grocery store at 9239 Merrill Road.<\p>
St. Augustine bridge replacement delayed
A bridge replacement project that will impact one of St. Augustine's busiest intersections has been pushed back a year.<\p> According to the Florida Department of Transportation, the bridge over the San Sebastian River on King Street — near the intersection with U.S. 1 — will be replaced in 2025.<\p>
Northwest Jax warehouse sold for $6.8 million
A New York-based commercial real estate company bought a Northwest Jacksonville warehouse for $6.76 million.<\p> Diamond Properties, through DP 157 LLC, acquired the 123,400-square-foot industrial building at 3333 N. Canal St. on June 18. It bought the property from Faropoint, a real estate asset manager based in Hoboken, New Jersey.<\p>
$1.4 billion Jacksonville Jaguars stadium deal approved
Years of discussions, months of negotiations and one month of City Council deliberation led to the approval of a $1.4 billion deal to renovate EverBank Stadium into the Stadium of the Future. <\p> City Council voted 14 to 1 with two members unable to vote due to conflicts to approve a $775 million contribution to the overall $1.4 billion Jacksonville Jaguars stadium deal. This vote signs off on splitting the cost of the renovation and an additional $56 million to fund the downtown riverfront parks as part of a community benefits agreement, which is mainly separated from this legislation.<\p>
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