Friday, October 16, 2026 · 5 minute read

Good morning, Jacksonville.

Fleet Landing tower rebates, a battery tech HQ for Northwest Jax, and two new Port Jax warehouses

Top 3 business stories

Fleet Landing tower could get $49.27 million in tax rebatesThe Downtown Investment Authority board will consider a 20 year property tax rebate for Fleet Landing’s proposed 31 story Northbank retirement tower on Oct. 21. DIA puts the project cost near $381.6 million, with at least 275 homes plus Riverwalk restaurants and retail. Source: Jax Daily Record, Oct. 15, 2026
Battery tech company code named Project Apollo is coming to Northwest JaxCity Council voted 14 to 1 on Oct. 13 for up to $475,000 in property tax rebates to land the California company’s headquarters and research center. In return it must invest at least $5.8 million and create 20 jobs averaging $100,000 by the end of 2027. Source: Jax Daily Record, Oct. 13, 2026
Two more spec warehouses permitted at Port Jax Trade CenterThe city issued permits this week for Buildings 1100 and 1200, about 80,000 square feet aimed at small businesses, with groundbreaking planned for November. The developer says the park’s 10 existing buildings are fully leased. Source: Jax Daily Record, Oct. 15, 2026

Deals and development

Hard Rock hotel targets early 2027 groundbreakingThe developer of the proposed 30 story Hard Rock at 500 E. Bay St. is aiming for the first quarter of 2027. No public incentive amount has been set yet. Source: News4JAX, Oct. 2, 2026
Claxton Bank plans Ponte Vedra Beach officeThe Georgia bank expects to open its second Northeast Florida office in 2027. Source: Jax Daily Record, Oct. 15, 2026
Former Neptune Beach Kmart site eyed for hotel and shopsA 150 room hotel and shopping center is proposed at 500 Atlantic Blvd. Source: Jax Daily Record, Oct. 13, 2026

Real estate pulse

Prices up, sales down in SeptemberThe median single family price across the six county region rose 1.1% to $399,000, while closed sales fell 9.5% to 1,581. Duval’s median rose 3.6% to $345,000 with about a 3.8 month supply. Source: NEFAR, Oct. 8, 2026

Who’s hiring and who moved

ID Logistics leases 650,000 square feet on the WestsideThe French logistics firm takes Building 4 at Florida Gateway Logistics Park in November and is hiring for the site. Source: Jax Daily Record, Oct. 12, 2026
Jet Sales Solutions relocatesThe packaging supplier will lease more than 28,000 square feet at Interstate Distribution Center. Source: Jax Daily Record, Oct. 15, 2026

Today in Jax

Weather: Patchy fog, then sunny. High 89. Tonight partly cloudy, low 70. Source: National Weather Service, forecast as of Oct. 16, 2026, 8:30 a.m. ET
Jacksonville Icemen opening night, 7 p.m.Season opener against South Carolina at VyStar Veterans Memorial Arena. Source: Jacksonville Icemen, Oct. 16, 2026
Jacksonville Symphony: Bernstein and Stravinsky, 7:30 p.m.Firebird Suite and more at Jacoby Symphony Hall. Also Saturday. Source: Jax.events, Oct. 16, 2026
Beaches OktoberfestTwo days of music, including Sister Hazel, at Seawalk Pavilion in Jacksonville Beach. Through Saturday. Source: Visit Jacksonville, Oct. 16, 2026

Number of the day

$345,000

Duval County’s median single family home price in September, up 3.6% from August. Source: News4JAX, citing NEFAR, Oct. 8, 2026