07:50 PM EST Share The project is the first of two city-backed infrastructure projects linked to the construction of FIS’s Brooklyn headquarters.
Jacksonville City Council approved a $3.5 million city-backed construction completion grant for Blue Cross and Blue Shield of Florida Inc.’s Brooklyn parking garage at 800 Forest St.
Council voted 18-0 to approve Ordinance 2020-0756 that appropriates the grant for the insurance company’s four-level, 869-space, 269,080-square-foot garage that’s now complete.
The grant is tied to Fidelity National Information Services Inc.’s $156 million, 12-story headquarters under construction at 347 Riverside Ave.
The Downtown Investment Authority offered Florida Blue the taxpayer incentive and the city-owned Forest Street property so that the insurer could make its former 4½-acre riverfront surface lot available for the FIS project.
It will be the second phase of the 5.36-acre project at 12770 Flagler Center Blvd.
Jacksonville-based GEM Products makes stainless steel marine and hardware supplies for boat and yacht builders.
“COVID-19 has resulted in a booming boating industry. The industry is effectively sold out of product beyond the 12-month mark,” said President and CEO Matthew Bridgewater.
“The demand is at a much higher rate than anyone could have ever predicted. People are buying boats to escape, liking the experience, and then buying bigger boats.”
GEM Products invested about $9.5 million in the first phase, based on the costs of the land and construction, but that doesn’t count the build-out, furnishings, fixtures and equipment.
Rise: A Real Estate Company assembled multiple properties in Mandarin for construction of The Julington, a 260-unit apartment development at 12397 San Jose Blvd.
Duval County Clerk of Courts records show that Rise, through Mandarin Properties I LLC, paid $3.4 million for four vacant properties Dec. 11 and another vacant site July 27.
Rise bought the properties, totaling 8.67 acres, from separate owners.
American Momentum Bank of Tampa is financing the project with a $29.7 million mortgage.
The city approved three permits Dec. 7 for Rise to build The Julington at a construction cost of almost $27.2 million.
The city issued a permit Dec. 3 for the $1.7 million site-clearing and horizontal development for the apartments.