JEA hunt for headquarters site is silent on evacuation risk

[fieldafm]

Considering the two garages that are already in the Sports district, 3,000 seems like a lot more than necessary.   

You mean the Jaguars want their own dedicated parking facility to attract retailers for a Cordish (formerly Rouse) entertainment complex at Lot J?

Kinda makes you wonder:
https://www.metrojacksonville.com/article/2010-may-the-jacksonville-landing-parking-myths-vs-reality

[Steve]

Considering the two garages that are already in the Sports district, 3,000 seems like a lot more than necessary.   

You mean the Jaguars want their own dedicated parking facility to attract retailers for a Cordish (formerly Rouse) entertainment complex at Lot J?

Kinda makes you wonder:
https://www.metrojacksonville.com/article/2010-may-the-jacksonville-landing-parking-myths-vs-reality

Wow, this again. Got it.

Amazing how this come back around.

[Steve]

Now, to that point, I think we learned the lesson the last time (or maybe not): If they want to develop Lot J, the city needs to not be in the parking garage business on this one.

[thelakelander]

They have to replace whatever amount of surface parking they remove for the development of Lot J. That was also mentioned at the JEA meeting. It's actually pretty amazing that all the arguments being used against keeping the Landing are all the exact same things we'll have to embrace to get Lot J off the ground.

[thelakelander]

JEA also plans to sell the existing tower:

Howard said JEA will sell the Church Street headquarters as part of a larger divestment strategy that could result in $100 million of unused or excess JEA real estate being sold.

"If we could sell it tomorrow and lease it for three years while the new office is being built, we'd do it," Howard said.


The JEA site is near the Duval County Courthouse.
The campus includes the 19-story tower and a six-level customer service center built in 1967. JEA has occupied the space since 1988.

JEA CEO Aaron Zahn said previously that redevelopment is costly and not ideal considering the footprint is too large and antiquated for JEA's long-term needs.

https://www.jaxdailyrecord.com/article/jeas-next-hq-what-put-the-west-adams-street-site-past-the-jaguars-northbank-locations

[KenFSU]

The Lot J garage is estimated to cost $40 to $45 million. Taxpayers will be on the hook for it. That was mentioned at the meeting.

More specifically, the Lot J garage is estimated to cost a minimum $40-$45 million, per CBRE's estimate.

They basically said that they couldn't fathom a parking garage of that size being built any cheaper than that.

Taking the retention pond out of the equation, the median cost of parking garage construction is around $19,700 per space (http://denver.streetsblog.org/wp-content/uploads/sites/14/2017/10/2017-Cost-Article.pdf).

At 3,000 spaces, we're probably looking at closer to $59 million,, plus whatever it costs to turn a retention pond into a buildable site.

[Steve]

The Lot J garage is estimated to cost $40 to $45 million. Taxpayers will be on the hook for it. That was mentioned at the meeting.

More specifically, the Lot J garage is estimated to cost a minimum $40-$45 million, per CBRE's estimate.

They basically said that they couldn't fathom a parking garage of that size being built any cheaper than that.

Taking the retention pond out of the equation, the median cost of parking garage construction is around $19,700 per space (http://denver.streetsblog.org/wp-content/uploads/sites/14/2017/10/2017-Cost-Article.pdf).

At 3,000 spaces, we're probably looking at closer to $59 million,, plus whatever it costs to turn a retention pond into a buildable site.

My word, almost $20k/space - someone would be a champion of urban development if they could lower that number even a little.

I THINK the plan was on the retention pond to leave it, and hammer the pilings into the pond. The last rendering I saw seemed to indicate that. to an earlier point though, that likely means the cables holding up Channel 12's Tower will need to be adjusted. I can't fathom that costing less than "significant monies"

[Captain Zissou]

Fanatics would be the perfect company for Lot J.  Jax headquartered, sports affiliated, young and energetic company culture and CEO.  They would also be most likely to use other venues in Lot J/the stadium for corporate events.  With their planned IPO in the not too distant future, having investor day events in the US Assure clubs would be pretty cool.

Based on KenFSU's remarks, it sounds like my commission check should be on the way soon.  Take that, Music Man.

[MusicMan]

Congrats  Captain. Now you can buy all of us dinner at Cowford Chop House!