Newspaper article The Florida Times Union

Morning Briefing

Newspaper article The Florida Times Union

Morning Briefing

Article excerpt


The developer of 11 East Forsyth, Vestcor Construction Services of Jacksonville, announced the company has completed the renovation of the $31.1 million downtown loft apartment building.

The 17-story building at 11 E. Forsyth St., which was originally built in 1926, has 127 apartments and a six-story parking garage.

The city approved about $22 million of incentives for Vestcor to develop the apartment tower in July 2001. Vestcor Construction is a subsidiary of The Vestcor Cos. that specializes in real estate investment, development and construction.


Ronald Townsend was named to the board of trustees of the National Endowment for Financial Education. Colorado-based NEFE, an independent non-profit foundation with assets exceeding $135 million, is dedicated to providing individual Americans with the knowledge and skills they need to make informed decisions about their finances.

Townsend, a Jacksonville communications consultant, was president of Gannett Television Group from 1989 to 1996, and was president and general manager of the CBS affiliate in Washington, D.C. He is a director of Winn-Dixie Stores Inc. and Bank of America Corp.


Amusement park ride manufacturer Sally Corp. is expanding its operating, looking to add 19,000 square feet to its 40,000-square-foot facility in LaVilla. The new building, to be constructed on land the company is negotiating to purchase from the city, would house Sally's woodshop and scenic departments.

Sally was one of the first companies to move to LaVilla once the city designated it a renaissance district, President Howard Kelley said, and it might now be the first to expand within the district. "It's a testimony to what the whole concept of LaVilla is about," he said. "We've been true believers since the very beginning."

The company is waiting for city approval for the purchase and will then proceed with construction plans, Kelley said. …

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