A third new Chase Bank branch is in development in Northeast Florida now that St. Johns County issued a permit Aug. 6 in St. Augustine.
The $2.3 million project is a 3,436-square-foot Chase Bank branch and ATM at 100 Florida 312 W. in St. Augustine.
The branch will have a drive-thru lane, according to the permit application.
The site was a former Red Lobster. St. Johns County issued a permit June 20 for Marand Builders LLC of Jacksonville Beach to demolish the closed restaurant.
Marand Builders was identified on the construction permit application as well.
Coltrane Real Estate Investments LLC of Winter Park owns the restaurant property.
Two other Chase Bank branches are planned in Jacksonville in College Park in Arlington and in the Atlantic North shopping center in East Arlington.
The three new locations emerged after New York City-based JPMorgan Chase & Co. Chairman and CEO Jamie Dimon said Jan. 31 that the bank plans to add 10 more branches in the Jacksonville metropolitan area.
He told news reporters that Jacksonville, with 20 offices, is an expanding market.
In Atlantic North at northwest Kernan and Atlantic boulevards, Chase intends to build on Outparcel D at 11937 Atlantic Blvd.
Chase intends to build a 3,450-square-foot bank with one drive-thru ATM lane on 1.42 acres. It will lease the land from Sleiman Enterprises.
City utility JEA received a July 24 service availability determination request for the project, including associated site work includes parking, landscaping, stormwater infrastructure and lighting.
Chase Bank also is working on a 3,430-square-foot space in College Park, the former Town & Country Shopping Center, at northeast University Boulevard and the Arlington Expressway in Arlington near Downtown.
The city issued a permit July 16 for iConstructors LLC of Jacksonville to renovate the space for Chase at a project cost of $1 million.
Chase will lease space at 917 University Blvd. N., in the middle of the strip of storefronts comprising College Park.
After starting to build a branch network for its Chase business in 2013, Chase Bank now has 20 offices in the Jacksonville market.
Dimon said Jan. 31 the next expansion will include offices in low-to-moderate-income neighborhoods in Jacksonville and St. Augustine.
Dimon said banks have an obligation under the federal Community Reinvestment Act to serve all parts of the community but he said JPMorgan would provide those services anyway.