Jacksonville Business News
BUSINESS NEWS
Dennis + Ives Development Fully Leased in Jacksonville
News Summary Dennis + Ives, a transformative mixed-use project in Jacksonville’s Rail Yard District, has successfully completed its initial phase with full leasing. This 7.25-acre project aims to revitalize the...
Northeast Florida Housing Market Shows Cooling Trend
News Summary The Northeast Florida housing market is cooling as buyer activity declines, with closed sales for single-family homes dropping by 9.4% in July. The bountiful inventory and a stable...
Active Real Estate Market in Jacksonville Beach and St. Johns County
News Summary Jacksonville Beach and St. Johns County are witnessing a vibrant real estate market with numerous recent transactions, ranging from luxurious condos to spacious single-family homes. The area’s diverse...
Jacksonville Aviation Authority Approves Airport Commerce Center
News Summary The Jacksonville Aviation Authority (JAA) has taken a major step in developing the Airport Commerce Center by granting Flint Development an easement for an access road. This decision...
Jacksonville’s Block N7 Development Project Receives Attention
News Summary Jacksonville’s Gateway Jax is seeking approval for the $750 million Block N7 development project, which aims to transform the area with a 15-story apartment tower, retail space, and...
DIA Committee Reviews New Dining and Salon Proposals
News Summary The Downtown Investment Authority (DIA) committee is set to evaluate three significant proposals aimed at enhancing the dining and beauty landscape in downtown Jacksonville. The projects, which include...
Jacksonville Sees New Development Proposal for Block N7 Project
News Summary Gateway Jax is seeking approval from the Downtown Development Review Board for the Block N7 project at 119 W. Beaver St. The development involves a 15-story apartment tower...
Jacksonville Expands Electric Vehicle Charging Infrastructure
News Summary Jacksonville is enhancing its electric vehicle infrastructure with new Tesla Supercharger stations and additional Walmart charging facilities. A recent permit for a Tesla station at Cracker Barrel will...
JaxPort Invests $4.5 Million in New Warehouse Facility
News Summary The Jacksonville Port Authority has purchased a warehouse and distribution facility for $4.5 million to enhance cargo operations and meet increasing tenant demand. Located strategically in the Talleyrand...
Finance
Jacksonville Secures AA Ratings from S&P and Kroll
News Summary The City of Jacksonville has achieved ‘AA’ ratings from S&P Global and Kroll Bond Rating Agency for its 2025 special revenue bonds, indicating a strong financial health. Following...
St. Joe Company Reports Revenue Growth and Strategic Shift
News Summary The St. Joe Company announced a 16% revenue increase for the second quarter, emphasizing enhanced communication with shareholders. CEO Jorge Gonzalez noted that recurring revenue now represents 63%...
Revitalization Initiatives Planned for Jacksonville’s Westside
News Summary Jacksonville’s 103rd Street is set for transformation through the Wonderland Corridor project, spearheaded by City Councilman Rahman Johnson. The initiative envisions a Business Improvement District to enhance local...
Comerica Bank Expands Operations in Jacksonville
News Summary Comerica Bank is expanding its operations in Jacksonville, Florida, focusing on a boutique banking model for middle-market commercial clients. The bank will offer services such as equipment financing...
Unemployment Rises in Jacksonville Amid Job Market Challenges
News Summary Jacksonville’s unemployment rate rose to 4.2% in June, a notable increase from May’s 3.6%. This is the highest rate recorded since August 2021, partly due to new graduates...
Jacksonville Unemployment Rate Rises to 4.2%
News Summary Jacksonville’s unemployment rate has increased from 3.6% in May to 4.2% in June, marking the highest level since August 2021. The rise indicates challenges in the job market...
New Signage Announced for Acosta Group and Dark Matter Technologies
News Summary Taylor Sign & Design Inc. is set to install new signage for Acosta Group and Dark Matter Technologies at the former McKesson building in Jacksonville. Acosta Group, now...
CSX Corporation Announces Workforce Reduction Plan
News Summary CSX Corporation has announced a reduction in its management workforce, laying off approximately 125 employees as part of a strategic realignment. This move is aimed at improving business...
Jacksonville Businesses Struggle Amid Stock Market Gains
News Summary Despite a rally in the stock market, Jacksonville’s local businesses are facing significant challenges, with many companies reporting declines in stock prices. Notably, Rayonier Advanced Materials Inc. saw...
CONSTRUCTION
Northeast Florida Housing Market Shows Cooling Trend
News Summary The Northeast Florida housing market is cooling as buyer activity declines, with closed sales for single-family homes dropping by 9.4% in July. The bountiful inventory and a stable...
JEA Begins Sale Process for Downtown Jacksonville Headquarters
News Summary The Jacksonville Electric Authority (JEA) has initiated the sale of its former headquarters in Downtown Jacksonville, receiving bids from Live Oak Contracting LLC and Simple State Inc. The...
New Retail Center Planned for Jacksonville
News Summary The Village at Seven Pines development in Jacksonville is set to transform the local shopping scene. A permit was issued for a 175,000-square-foot retail center that will include...
Jacksonville Secures AA Ratings from S&P and Kroll
News Summary The City of Jacksonville has achieved ‘AA’ ratings from S&P Global and Kroll Bond Rating Agency for its 2025 special revenue bonds, indicating a strong financial health. Following...
Gordon Rees Scully Mansukhani Opens New Office in Jacksonville
News Summary Gordon Rees Scully Mansukhani has expanded its offerings in Jacksonville, Florida by opening a new office at 13361 Atlantic Blvd. This marks the firm’s 86th office nationwide, underscoring...
FSCJ Receives $390,000 Gable Grant from Lowe’s Foundation
News Summary Florida State College at Jacksonville has been awarded a two-year $390,000 Gable Grant from Lowe’s Foundation to enhance its skilled trades training programs. This initiative aims to address...
Sysco Acquires Land in Jacksonville for Distribution Center
News Summary Sysco International Food Group Inc. has purchased vacant industrial land in Westlake Industrial Park for $16.5 million, fueling speculation about its connection to Project Moana, a planned distribution...
Safety Enhancements Coming to Post Street in Murray Hill
News Summary The Florida Department of Transportation is moving forward with safety upgrades on Post Street in Murray Hill. A roundabout will be installed alongside other improvements to reduce accidents...
TPG Real Estate Partners Proposes Development at Butler Plaza
News Summary TPG Real Estate Partners Investments LLC seeks approval for a Planned Unit Development at Butler Plaza in Jacksonville, rezoning the property from Industrial to PUD. The City Council...
Marketing
CSX Reports Decline in Revenue and Earnings Amidst Merger Speculation
News Summary CSX Corporation has reported a 3% decline in revenue, totaling $3.57 billion, alongside a 14% drop in net income to $829 million for the second quarter of 2025....
Jacksonville City Council Approves $2.5 Million for Project Moana
News Summary The Jacksonville City Council has approved a $2.5 million incentive package for Project Moana, an international wholesale distributor aiming to build a $90 million food distribution warehouse. The...
Jacksonville Welcomes $28 Million Investment from Project Pan
News Summary Jacksonville is set to receive a $28 million investment from Project Pan, an international meat processing company. The initiative aims to create 100 jobs with competitive salaries and...
Project Pan Announces $28 Million Investment in Jacksonville
News Summary Project Pan, an international meat processing company, is set to invest $28 million in a new processing plant in Northwest Jacksonville, aiming to create 100 jobs. The Office...
Jacksonville Tourism Industry’s Major Economic Impact
News Summary Jacksonville’s tourism sector saw 8.2 million visitors in fiscal year 2024, generating a substantial $4.1 billion in direct economic impact. This surge supported 59,600 jobs and marked 4.99...
Danone U.S. Expands Production Line in Jacksonville
News Summary Danone U.S. has opened a new $65 million production line in Jacksonville, Florida, promising to create nearly 200 jobs. This investment emphasizes the company’s commitment to local manufacturing,...
Amazon Opens New Warehouse in Jacksonville
News Summary Amazon has opened a new delivery center in Jacksonville, adding 100 jobs and heightening traffic concerns. The 180,866-square-foot facility is near major roads, where residents are already facing...
C&S Wholesale Grocers to Close Baldwin Distribution Center
News Summary C&S Wholesale Grocers will close its 1.2 million-square-foot distribution center in Baldwin, Florida, leading to 490 job losses. The closure will begin in July. This facility, developed by...
Recycling Progress in Jacksonville: Common Pitfalls Identified
News Summary Jacksonville residents are improving their recycling practices, resulting in a decrease in the city’s recycling contamination rate. Experts highlight common mistakes such as throwing plastic bags in curbside...
Real Estate
Dennis + Ives Development Fully Leased in Jacksonville
News Summary Dennis + Ives, a transformative mixed-use project in Jacksonville’s Rail Yard District, has successfully completed its initial phase with full leasing. This 7.25-acre project aims to revitalize the...
Northeast Florida Housing Market Shows Cooling Trend
News Summary The Northeast Florida housing market is cooling as buyer activity declines, with closed sales for single-family homes dropping by 9.4% in July. The bountiful inventory and a stable...
Active Real Estate Market in Jacksonville Beach and St. Johns County
News Summary Jacksonville Beach and St. Johns County are witnessing a vibrant real estate market with numerous recent transactions, ranging from luxurious condos to spacious single-family homes. The area’s diverse...
Jacksonville Aviation Authority Approves Airport Commerce Center
News Summary The Jacksonville Aviation Authority (JAA) has taken a major step in developing the Airport Commerce Center by granting Flint Development an easement for an access road. This decision...
Jacksonville’s Block N7 Development Project Receives Attention
News Summary Jacksonville’s Gateway Jax is seeking approval for the $750 million Block N7 development project, which aims to transform the area with a 15-story apartment tower, retail space, and...
Jacksonville Sees New Development Proposal for Block N7 Project
News Summary Gateway Jax is seeking approval from the Downtown Development Review Board for the Block N7 project at 119 W. Beaver St. The development involves a 15-story apartment tower...
JaxPort Invests $4.5 Million in New Warehouse Facility
News Summary The Jacksonville Port Authority has purchased a warehouse and distribution facility for $4.5 million to enhance cargo operations and meet increasing tenant demand. Located strategically in the Talleyrand...
JEA Begins Sale Process for Downtown Jacksonville Headquarters
News Summary The Jacksonville Electric Authority (JEA) has initiated the sale of its former headquarters in Downtown Jacksonville, receiving bids from Live Oak Contracting LLC and Simple State Inc. The...
JEA Receives Bids for Former Headquarters in Jacksonville
News Summary JEA has received bids from Live Oak Contracting LLC and Simple State Inc. for its former headquarters and properties in Downtown Jacksonville. These proposals follow JEA’s recent move...