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JWB Real Estate Buys the Historic Porter House Mansion Downtown

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JWB Real Estate Buys the Historic Porter House Mansion Downtown FRIDAY August 21, 2020 PUBLIC LEGAL jaxdailyrecord.com • 35 cents NOTICES BEGIN ON PAGE 4 JACKSONVILLE Daily Record THE MATHIS REPORT Boyer says JACKSONVILLE Khan still JWB Real Estate buys the historic interested Daily Recordin Shipyards The proposal to develop Porter House Mansion Downtown the Downtown property JACKSONVILLE expired after 18 months without a deal. BY KATIE GARWOOD Daily RecordSTAFF WRITER Downtown Investment Authority CEO Lori Boyer told the DIA board Aug. 19 that although Iguana Investments Florida JACKSONVILLE LLC’s proposal to develop the KAREN BRUNE MATHIS Shipyards property has expired, EDITOR “that should not be interpreted as a change in interest level by The Jacksonville Iguana, Mr. Khan or anyone else” to develop the property. investment group will Boyer said that when Iguana renovate the JuliaDail Street y RecordInvestments, led by Jacksonville Jaguars owner Shad Khan, was building for office use and awarded the plans a future restaurant RFP in 2017, there was a for the basement. stipulation that said it had JWB Real Estate Capital 18 months to bought another Downtown negotiate, enter property Aug. 20, the three- into a term story Porter House Mansion at sheet and pro- Boyer 510 N. Julia St. cess legislation Built as a private residence through City Council. after the Great Fire of 1901, the That has not happened, so structure most recently was used Boyer said the “award pursuant by KBJ Architects until it moved to that procurement has expired.” and sold the property to a private Boyer said if DIA wanted to investor in 2017. pursue development with Iguana JWB Real Estate Capital, at the Shipyards property, DIA through 510 N Julia LLC, paid would have to issue another RFP. $2.605 million for the block. Iguana Investments would have Property records and market- to resubmit a proposal. ing materials show the almost Iguana Investments still is 16,000-square-foot building interested in developing the comprises three stories of office property. space and a basement. “Since the original Shipyards President Alex Sifakis said proposal was submitted and Aug. 20 the structure will be approved, the plans for Lot J came renovated for lease as office online. As a result, some of the space to a single tenant on the development originally planned top three floors. He estimates a for the western portion of the $600,000 project. Photo by Karen Brune Mathis Shipyards were incorporated into He said the group will save JWB Real Estate Capital paid $2.605 million for the block that includes the three-story Porter House Man- the current Lot J plans,” Iguana sion at 510 N. Julia St. Downtown. The mansion was built as a private residence after the Great Fire of 1901 SEE MATHIS, PAGE 3 and last used as an office for an architectural firm. SEE SHIPYARDS, PAGE 2 Cantor Fitzgerald building-out in Capital Plaza The city issued a permit Aug. 17 for Dav-Lin Interior Contractors Inc. to build-out space for financial services firm Cantor Fitzgerald in Capital Plaza in Southside Jacksonville. Dav-Lin will remodel the 7,846-square- foot space at 10401 Deerwood Park Blvd. at a cost of $502,811. Plans show the New York City-based firm will lease on the first floor of Build- ing II. JAX Chamber announced July 7 that Cantor Fitzgerald’s Jack- sonville office will employ 80 people. The operation will handle some of Cantor Fitzgerald’s international security processing activities. VOLUME 107, NO. 196 • ONE SECTION 2 JACKSONVILLE DAILY RECORD | FRIDAY, AUGUST 21, 2020 JaxDailyRecord.com JaxDailyRecord.comJACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER | THURSDAY, SEPTEMBER 19, 2020 1 JACKSONVILLE JACKSONVILLE Daily Record Daily Record HOW TO REACH US HOW TO REACH US JACKSONVILLE 121 W. Forsyth St., Suite 150, Jacksonville, FL, 32202 121 W. Forsyth St., Suite 150, Jacksonville, FL, 32202 Phone: (904) 356-2466, Fax (904) 353-2628 DailPhone: (904)y 356-2466, Re Fax (904)co 353-2628rd jaxdailyrecord.com jaxdailyrecord.com ABOUT US ABOUT USJACKSONVILLE File image Jacksonville Daily Record and Jacksonville Record & Observer are a division of Jacksonville Daily Record and Jacksonville Record & Observer are a division of Plans for the Shipyards submitted to the Downtown Investment Authority in August 2018 Observer Media Group Inc. Observer Media Group Inc. included a convention center, hotel, boat docks and a riverfront plaza. Daily Record Established in 1912, the Financial News & Daily Record, now the Jacksonville Daily Established in 1912, the Financial News & Daily Record, now the Jacksonville Daily Record, is published Monday-Friday and is the Official Court Newspaper of the Circuit Record, is published Monday-Friday and is the Official Court Newspaper of the Circuit Court and publisher of public notices in Duval County. Court and publisher of public notices in Duval County.JACKSONVILLE size to the park. Shipyards Boyer said she would like the board to Jacksonville Record & Observer is a free weekly business newspaper available in Jacksonville Record & Observer is a free weekly business newspaper available in Downtown Jacksonville and key business nodes throughout Jacksonville. To find a DowntownDail Jacksonville and keyy business Re nodes throughoutco Jacksonville.rd To find a CONTINUED FROM PAGE 1 discuss a substitute location for Metro- politan Park. location near you, visit jaxdailyrecord.com/rack-locations. location near you, visit jaxdailyrecord.com/rack-locations. Investments spokesman Dan Edwards WATER STREET GARAGE PUBLIC ART Editorial content focuses on news and trends, with a concentration on development, Editorial content focuses on news and trends, with a concentration on development, said Aug. 18 in an email to the Daily The DIA board approved $20,000 for real estate, construction, law, companies, economic and industry trends and how local real estate, construction, law, companies, economic and industry trends and how local Record. the Cultural Council of Greater Jackson- and state government affects business. and state government affects business. “That western portion is no longer part ville to help complete the Water Street STAFF STAFF of the Shipyards plan, so this news from Garage public art project, “Emergence.” DIA is simply part of the process. We The $20,000 will cover “additional Publisher / Matt Walsh Director of Advertising / Jay Lesowitz Publisher / Matt Walsh Director of Advertising / Jay Lesowitz look forward to continuing to work with unforeseen expenses” associated with [email protected] [email protected] [email protected] [email protected] the City on these important projects,” he the project, the resolution reads. Publisher Emeritus / James F. Bailey Jr. Advertising Coordinator / Codi Gildberg Publisher Emeritus / James F. Bailey Jr. Advertising Coordinator / Codi Gildberg said. The city already appropriated $355,288 [email protected] [email protected] [email protected] [email protected] Boyer addressed the issue during the to enhance the garage with new public Editor / Karen Brune Mathis Legal Advertising Manager / Janet Mohr Editor / Karen Brune Mathis Legal Advertising Manager / Janet Mohr board’s discussion about approving a art. The DIA manages those contracts [email protected] [email protected] [email protected] [email protected] site access agreement for Iguana Invest- for the city. Managing Editor / Monty Zickuhr Legal Advertising Associate / Rhonda Fisher Managing Editor / Monty Zickuhr Legal Advertising Associate / Rhonda Fisher [email protected] ments to conduct environmental testing Seattle-based artists Laura Haddad [email protected] [email protected] [email protected] at Metropolitan Park. and Tom Drugan are completing the Associate Editor Legal Affairs / Max Marbut / Max Marbut Network Administrator / Erik Wagner Associate Editor Legal Affairs Network Administrator / Erik Wagner [email protected] The board approved the resolution illuminated mural, which is going up on [email protected] [email protected] [email protected] 9-0. the southwest sides and top of the Water Staff Writer / Katie Garwood / Katie Garwood Court Typeset / Paula Steiner Staff Writer Court Typeset / Paula Steiner “As far as this particular resolution Street Garage at Water and Broad Streets. [email protected] [email protected] [email protected] [email protected] goes, I think it is not relevant one way or It has LED lights that will change color Staff Writer / Mike Mendenhall Staff Writer / Mike Mendenhall another whether there is an award out- at night. [email protected] Director of Circulation / Anne Shumate [email protected] Director of Circulation / Anne Shumate [email protected] [email protected] standing,” she said. Boyer told the board the painting of Staff Writer / Scott Sailer Staff Writer / Scott Sailer “There isn’t a development agreement the mural is complete, and the remaining [email protected] Distribution / Tim Reagan [email protected] Distribution / Tim Reagan [email protected] [email protected] outstanding, there never has been. But artwork is being shipped to Jacksonville. Business Manager / Angie Campbell Business Manager / Angie Campbell we do authorize people on a fairly regu- [email protected] [email protected] lar basis to have access to our property
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