Hanania has agreement to purchase previous Stein Mart headquarters on Southbank | Jax Everyday History | Jacksonville Daily History

Jacksonville-based mostly Hanania Automotive Team proprietor and CEO Jack Hanania has a deal to obtain the former Stein Mart setting up on the Downtown Southbank for $20.6 million.

He intends to transfer his corporate headquarters there and set the Hanania title on the building.

“I have a whole lot of enthusiasm for our Downtown and our neighborhood,” explained Hanania, who grew up in Lakewood and life in San Marco, both neighborhoods in close proximity to the Southbank.

Hanania Automotive Team operator and CEO Jack Hanania

“I think Downtown is poised to explode.”

It also is the very first time in memory that a single individual has bought a higher-rise developing Downtown to put a identify on it.

Hanania claimed July 25 he hopes it encourages other people to do the exact same, declaring such expense implies to outside the house firms that neighborhood buyers are willing to place revenue into the group.

“It will assist stimulate more Downtown initiatives,” he stated.

Hanania and expenditure companion Joe Hassan currently individual two Downtown Northbank buildings – the 6-story historic Dyal-Upchurch Constructing at 6 E. Bay St., ordered in 2017, and the 3-tale Title & Trust Corporation of Florida Creating at 200 E. Forsyth St., acquired late past 12 months.

“I grew up in Jacksonville and I want to do my part to preserve Downtown Jacksonville,” Hanania said when acquiring the Title & Rely on setting up.

Hanania is purchasing the Stein Mart residence on his have and intends to include it. He

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Shut Jacksonville Stein Mart suppliers locating new tenants | Jax Day by day Record | Jacksonville Day by day File

When bankrupt Stein Mart Inc. closed its stores in Oct, genuine estate brokers predicted the six Jacksonville areas would be interesting to stores that consist of fitness centers, supermarkets, home furnishings merchants and other buying utilizes.

They are commencing to land tenants.

Ideas surfaced for the closed Stein Mart at 13475 Atlantic Blvd. in Harbour Village to turn into Crunch Physical fitness, and the vacant retail store in Point Meadows is slated for lease to Bailey’s Health & Fitness.

Landlord Sleiman Enterprises COO Michael McNaughton mentioned July 5 that the 32,000-sq.-foot Place Meadows spot at 10915 Baymeadows Road has been leased to Bailey’s.

McNaughton stated Sleiman seemed ahead to “incorporating a flagship top quality fitness center and rising the relevance of the heart to the neighborhood.”

Jacksonville-primarily based Bailey’s Health and fitness & Physical fitness, started in 1981, has developed to 18 spots, such as at Place Village, in North Florida and one particular in Brunswick, Georgia.

Brothers Don, David and Darryl Bailey founded the firm.

Darryl Bailey

David and Darryl Bailey lead the corporation soon after Don’s dying in August.

Bailey’s Wellness & Conditioning employs additional than 300 men and women, has a lot more than 60,000 associates and generates yearly profits topping $20 million. 

Club visits in March, a year immediately after the pandemic, had been the greatest in business record.

Darryl Bailey claimed July 5 that the 17th area, at Oakleaf Station at 8396 Merchants Way in Southwest Jacksonville, is scheduled to open up the 7 days

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