Jacksonville Daily Record 12/4/18

Page 1

TUESDAY

December 4, 2018

Executive says high prices will slow housing market PAGE 2

jaxdailyrecord.com • 35 cents

Public legal notices begin on page 4

Daily Record JACKSONVILLE

THE MATHIS REPORT

Harbour buys land for Tamaya Market

Daily Record JACKSONVILLE

Foot Locker, Champs planning stores near Regency Square

Property will become shopping center anchored by Sprouts.

Daily Record Daily Record JACKSONVILLE

BY KAREN BRUNE MATHIS EDITOR

JACKSONVILLE

Photo by Karen Brune Mathis

Champs and Foot Locker operate in the east wing of Regency Square Mall, which has closed its west wing except for the Dillard Clearance Center. Dillard’s owns its building.

National athletic retailers building out in Regency Pointe Shopping Center across the street from the struggling mall.

KAREN BRUNE MATHIS EDITOR

Foot Locker and Champs Sports, two of the remaining national retail tenants at Regency Square Mall, are making plans to open stores across the street in a strip shopping center. A spokeswoman for New York-based specialty athletic retailer Foot Locker Inc., which owns Champs, did not respond to emails. Regency Square’s general manager said he could not com-

ment. The city is reviewing building permit applications for tenant improvements for both stores at 9428 Arlington Expressway in the Regency Pointe Shopping Center. Build-out for the two tenants totals $176,000, according to a permit appli-

Harbour Retail Partners bought land last week for development of Tamaya Market, to be anchored by Sprouts Farmers Market, and intends to start site work in January and construction in April for the roughly 75,000-square-foot shopping center. Randy Kelley, Harbour Retail Partners manager and developer, said Monday the more than $20 million project could be completed near the end of 2019. Phoenix-based Sprouts wants to open in the first half of 2020, which is driving the timing of the project. Kelley said Harbour Retail Partners paid about $6 million for 11.2 acres at northwest Beach and Tamaya boulevards, east of Kernan Boulevard. The deed was not recorded as of Monday afternoon. Harbour Retail Partners, based in Wilmington, North Carolina, bought the land from the ICI Homes group, the Tamaya developer. The shopping center will be anchored by the roughly 30,000-square-foot Sprouts, which is new to the market. Another 23,000 to 24,000 square feet of space will be developed among the inline retail shops on either side of the grocery store and 22,000 to 25,000 square feet will be developed among the three outparcels, Kelley said. Kelley said there are no plans to sell the outparcels. They will be offered for build-to-suit or ground-lease.

SEE MATHIS, PAGE 3

SEE TAMAYA, PAGE 3

WH Smith completes InMotion deal London-based WH Smith PLC completed the deal Friday to buy Jacksonvillebased InMotion for $198 million, according to InMotion President and CEO Jeremy Smith, right, who retains those titles. When the agreement was announced Oct. 30, Smith said InMotion will operate as a subsidiary, retaining its almost 800 employees systemwide and its 55 or so in Jacksonville. InMotion sells digital accessories such as headphones, earbuds, mobile power and portable speakers, among 114 locations in 43 U.S. airports.

VOLUME 106, NO. 13 • ONE SECTION


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