Two retailers — the Altar’d State clothing store and Global Diamonds — are cleared to remodel tenant space at St. Johns Town Center.
Altar’d State will renovate almost 5,000 square feet of space at 4751 River City Drive, No. 125, which is the former Coldwater Creek store. CJRT Construction Inc. of Orlando is the contractor for the $867,200 project.
The Knoxville, Tenn.-based chain of almost 50 boutiques began in 2009 after founders Brian Mason and Aaron Walters developed a business plan for a “modernized Christian shopping experience.”
In November 2009, the first Altar’d State opened in Knoxville as a modern Christian retail store and coffee shop. In April 2010, the organization added fashion apparel, jewelry and accessories.
By November 2010, the store had evolved into a popular women’s fashion boutique and the group opened a second store in Birmingham, Ala. Its altardstate.com website shows store locations in at least 16 states.
Meanwhile, the city also approved the permit for Global Diamonds to build-out space at The Markets at Town Center, adjacent to St. Johns Town Center.
ShayCore Enterprises Inc. of Jacksonville will renovate the almost 4,500 square feet of space at 4870 Big Island Drive, near Kirkland’s, at a project cost of $495,000.
A spokesman for Global Diamonds, which is a new retail company formed by Doron Arabov, said last week the store should open by Dec. 1 after an estimated $1.5 million construction job and will employ 15-20 people.
Arabov is sole owner of Arabov Global Diamonds, a diamond wholesale company headquartered in the Israel Diamond Exchange in Ramat Gan. He founded it in 2012.
Arabov formerly co-owned Charlotte, N.C.-based Diamonds Direct.
Rummell chosen ‘visionary leader’
Urban Land Institute North Florida will honor developer Peter Rummell with its 2014 “Visionary Leader Award” at its annual awards for excellence Oct. 9.
Awards also will be presented in four categories. Nominations are:
• Private sector: Moxie Kitchen in The Markets at Town Center and Mellow Mushroom in Avondale.
• Public sector: Cascades Park in Tallahassee and improvements to The Cummer Museum of Art & Gardens in Jacksonville.
• Downtown: The JAX Chamber International Plaza and the New Town Success Zone.
• Reuse/repurpose: Aardwolf Brewery in Jacksonville and The Ice Plant in St. Augustine.
The event will be 5:30-7:30 p.m. at WJCT Studios. For ticket costs and registration, call 800-321-5011.
Torch Bearers Church preparing space at Regency Square
Torch Bearers Church intends to occupy almost 15,000 square feet of space at Regency Square Mall, near the Dillard’s Clearance Center in the West Mall of the Arlington shopping center.
The city is reviewing a permit for alterations of 4,800 square feet within the 14,700 square feet and also has approved renovations of 1,250 square feet in another space.
Belk Inc. confirmed this week it will leave the mall in February. Mall management hopes to fill the Belk space, along with more vacant stores in the West Mall, with the Citizens Property Insurance Corp. operations center.
However, that depends on whether Citizens Property chooses that location from among the six sites presented to it.
Regency also is working on attracting a charter school to the West Mall.
Meanwhile, management is filling up the East Mall with retail tenants.
GLT Group brokers EverBank Center sale
GLT Group LLC of Miami Beach reports it represented both the buyer and the seller of the EverBank Center in Jacksonville.
The gltgroup.com site says GLT Group LLC is an advisory and investment boutique firm specializing in diversified real estate investments and related strategies. It focuses on all forms of commercial real estate and commercial real estate debt and finance.
The broker on record is Sean Shahar Ziv, who founded GLT with his brother, Ran Ziv.
El-Ad Florida LLC sold EverBank Center and a parking garage in Downtown Jacksonville on Sept. 4 for $47.4 million to Amkin West Bay LLC of Miami. El-Ad is based in Plantation, near Miami.
Deutsche Bank opens international office
The Florida Office of Financial Regulation announced Monday the Deutsche Bank AG Florida International Administration Office opened at the bank’s Southside Jacksonville campus at 5022 Gate Parkway.
Deutsche Bank applied to the office Dec. 6 for the international administrative office. The application was approved March 20.
The financial regulation office said it is the first international administrative bank office in Jacksonville.
In the application, Deutsche Bank said the international administrative office could create up to 200 jobs at an anticipated average salary of $62,000.
Be the first to know the latest breaking news and information that business leaders rely on in this fast-paced changing Northeast Florida economy. Regional business news, trends and statistics needed to grow your business. Key upcoming events you won’t want to miss and much more. Click Here to Grow your Business NOW!