Empty Retail Store Fronts in Everbank Building

[JaxNative68]

the only reason the lack of depth could be an issue is because Jacksonville is a strip mall haven where merchants have been brain washed to believe a 20'x80' vanilla box fronted by a sea of asphalt parking is the only way to go.

the true issue is the square foot cost and the lack of allowance given by the owner to the tenant for build-out.  being a first time tenant in a triple net empty shell is a very expensive undertaking without building owner incentives.

[mtraininjax]

Ceree Harden built the building, Everbank is a part owner in the building as are all the tenants, so its a good deal. I do know Harden & Associates are working to get a restaurant in the base floor, but the place is like a ghost town after 5. I don't see anything, besides a hot dog stand, moving in there before Brooklyn develops.

[JaxNative68]

It is my understanding that Ceree Harden isn't the sole owner of the building, but several of the tenant are part owners/investors of the building.  Ceree just takes the all credit.  From what I hear, he only attended a handfull of the meetings during the design and construction of the building, but instead had a representative from his office for him attend.  Also, EverBank ins't a part owner, they lease the largest amount of space in the building (top two floors and a branch bank on the ground floor) and were given the naming rights as part of their lease agreement.

[mtraininjax]

All the tenants in the building are OWNERs, they all share in the expenses and value of the building.

[JaxNative68]

^ I do not believe you are correct on that statement.  All tenants pay an additional percentage for shared building common areas for their particular floor and main building common areas, but all are not building owners.  Gevity, Oracal USA (when they were there), Paul Harden, Axcess Sport (may not be there anymore), Cooke & Meux are not part owners.  EverBank came on the scene late in the construction of the building and unless the bought in late are not owners of the building.  Whatever recent tenants they may have gained with the vacant areas definitely are not part owners.  To my knowledge, the part owners are: Harden & Associates (or whatever name they are going by now), Rock Creek (who might have sold their intrest by now), LBA, Volpe, Fisher Tousey and Peek Cobb.  Their was even rumor that Tim Folley was a private invester in the project.  Ceree Harden is the figure head of the all the vested interests.  Just because you lease space, doesn't mean you are an owner.

[duvaldude08]

Whatever the case, it is a waste of space. Whomever the owners are, they are a complete mess. Why have street level retail and keep turning teanets away? In between everbank, fidelty, LPS and BCBSFL, any resturant or deli located down there would make a killing! It looks complete dumb to have street level retail that you dont want to lease. They are complete idiots.

[JaxNative68]

they originally didn't want that much retail, but the DRC/DDA review board pushed it on them, because they let fidelity slide on having it in their new garage and office building.  originally they only wanted the retail underneath the tower, not the retail under the garage.  but we all know how the city of jax review board know best.