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Franklin Street relocating to San Marco | Jax Daily Record | Jacksonville Daily Record

Franklin Street relocating to San Marco | Jax Daily Record | Jacksonville Daily Record
jaxdailyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jaxdailyrecord.com Daily Mail and Mail on Sunday newspapers.

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Franklin Street Arranges Construction Financing for 270-Unit Duval Crossing Multifamily Development in Jacksonville, Florida


JACKSONVILLE, FL – Franklin Street has arranged the construction financing and equity placement for Duval Crossing, a 270-unit, Class A, garden-style apartment community in Jacksonville.
Franklin Street’s Laura Gonzales, Director of Capital Markets, Debt and Equity Origination, secured the financing and equity on behalf of developer Corner Lot Living. Based in Jacksonville, Corner Lot Living is a recently formed division of Corner Lot Development Group. Led by Andy Allen, George Leone and Scott Hobby, the division focuses on multifamily development throughout Northeast Florida.
The construction loan was secured through a regional bank relationship that features extremely competitive pricing, interest-only payments throughout the development process and ample time for completion and lease up. In addition to securing the debt financing, Franklin Street leveraged its vast investor network to arrange a joint-venture equity partnership for the developers. The partnership w ....

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10 People to Watch in 2021 | Jax Daily Record | Jacksonville Daily Record


Managing Director and CEO, JEA
Jay Stowe, the new CEO of Jacksonville’s municipal water and electric utility since Nov. 30, inherited an organization cooperating in a federal grand jury probe and preparing a five-year, $2.5 billion capital investment plan. 
His hiring ended a 1½-year period that saw an attempt to sell JEA to a private company, resulting in U.S. Department of Justice and City Council investigations and the firing of former CEO Aaron Zahn and his senior leadership team.
Stowe plans to repair trust within JEA while moving on plans to invest $1.6 million to modernize its its water and wastewater system.  ....

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Corner Lot Living moving headquarters to Riverside | Jax Daily Record | Jacksonville Daily Record


05:10 AM EST
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Corner Lot Development Group bought the historic riverfront office building at 1819 Goodwin St. where it plans to relocate its multifamily division.
Jacksonville-based Corner Lot Development Group bought a riverfront office building in Riverside to relocate its Corner Lot Living headquarters from San Marco.
Corner Lot Living is the company’s multifamily division. Corner Lot will move five of its 10 employees to the location and add three more.
 Through CLDG HQ 2 Holdings LLC, Corner Lot paid $1.75 million for the historic two-story, about 4,000-square-foot office building at 1819 Goodwin St. along the St. Johns River.
 The Corner Lot Companies CEO Andy Allen said Dec. 14 the property will become the Corner Lot Living headquarters by midyear. ....

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