News Summary
Bank of America is set to invest $6.48 million in renovations for its Jacksonville Operations Center located at 9000 Southside Blvd. The renovations, led by Marand Builders Inc., will include significant upgrades to Building 200 and Building 300 to modernize office spaces, as well as a new six-tier parking garage. The financial institution is committed to a broader $200 million investment plan aimed at enhancing its facilities over the coming years. These upgrades mark a transformative period for Jacksonville’s skyline as they prepare for completion by the end of 2023.
Jacksonville Takes a Leap Forward with Bank of America’s Big Renovation Plans!
Exciting things are happening in Jacksonville as Bank of America gets ready to renovate its Operations Center located at 9000 Southside Blvd. The financial giant has recently secured two permits for a whopping $6.48 million renovation, which got the green light from the city on April 17 and 18.
What’s Cooking in Those Offices?
So, what exactly is going to change? Well, for starters, Marand Builders Inc., hailing from Jacksonville Beach, is on board as the contractor for these renovations. One of the projects, costing $4.55 million, will jazz up the fifth floor of Building 200. This renovation will transform an impressive 26,090 square feet into modern office space, complete with a shiny new presentation and video room! That permit was issued on April 18.
But that’s not all! Over in Building 300, there’s another renovation ready to kick off. For about $1.925 million, the first floor will be revamped to create open office space, wellness areas, and focus zones within 5,983 square feet. This permit was given the thumbs up on April 17.
A Look Back at the Operations Center
For those who might not know, Bank of America has been busy giving a facelift to its five-building Jacksonville Operations Center, which it rents from Ladder Capital Finance LLC, a company based in New York City. Back in 2017, the bank decided to consolidate its operations into Buildings 200, 300, 400, 500, and 600 after Ladder Capital acquired the property. Now, they’re even leasing extra space in the nearby Gramercy Woods office park!
The renovations are part of a broader investment plan—Bank of America is putting a colossal $200 million into upgrading its facilities over several years. They officially announced this ambitious plan in October 2021, and let’s just say, it’s about to transform the Jacksonville skyline!
More Construction on the Horizon
As of late, a permit was issued for a $4.7 million renovation of two floors in Building 100. This is a smart expansion move, as the bank aims to utilize this building as part of their operations. Building 100 is owned by Glen Southside LLC, which is a part of Atlanta-based Glenfield Capital LLC. They acquired this building in April 2019, and it’ll soon be busy with the hustle and bustle typical of a major financial institution.
Parking Made Easier
In addition to the interior upgrades, Bank of America is making things easier for its employees by constructing a substantial six-tier parking garage. This parking facility will hold 1,447 spaces and is being built at a cost of $24.66 million on the northernmost parking lot of Gramercy Woods. Talk about convenience!
When Can We Expect Changes?
Bank of America has ambitious plans to finish all these renovations within two years, aiming to wrap everything up by the end of 2023. That’s right around the corner, folks! The entire office campus at 9000 Southside Blvd. spans about 1.3 million square feet and has a rich history—originally built for Barnett Banks Inc. in 1989, it later merged with Bank of America.
So get ready, Jacksonville! Change is happening, and it’s shaping up to be quite an exciting time for the city as Bank of America’s operations center undergoes a massive transformation!
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Additional Resources
- Jax Daily Record: Bank of America Renovation Permits
- Jacksonville.com: Bank of America Funds Local Nonprofits
- Jax Daily Record: Bank of America Investment Strategist
- Wikipedia: Jacksonville, Florida
- Jacksonville Free Press: Bank of America Student Leaders
