The city issued a building permit July 10 for Pinnacle Financial Partners on the first floor of 501 Riverside Ave. in the Brooklyn area of Downtown at a project cost of almost $1.02 million.
Jacksonville-based Auld & White Constructors LLC is the contractor for to 5,090-square-foot project.
Plans show offices, teller, reception and collaboration areas, training and meeting rooms, a lobby and an ATM.
The city continues to review a permit application for Auld & White to build-out 10,301 square feet of space for Pinnacle Financial Partners on the sixth floor of the 10-story building at a project cost of almost $1.25 million. Plans show the financial services company will lease about half of the floor for executive offices, open office space, a break room and wellness room, conference and meeting rooms and more.
Pinnacle entered North Florida in late 2023 by recruiting local financial services leaders to build a team and open an office in Jacksonville.
Its first office opened in a temporary space in Suite 600 in the building as a loan production office as regulatory approvals are completed to process deposit transactions.
“We have hit the ground running to build the locally focused bank that Jacksonville needs, and this team is ready to deliver on that promise,” said Scott Keith, Pinnacle’s North Florida regional president, in a March 7 news release.
Pinnacle said the permanent space should open in 2024.
Scott Keith and Debbie Buckland lead Pinnacle Financial Partners office in Jacksonville.
Pinnacle’s market is commercial and middle market companies, small businesses and personal financial customers.
Keith retired as Truist Financial Corp.’s regional president of North Florida in September 2021.
Buckland, former Truist Jacksonville market president, is Pinnacle’s leader for commercial banking.
The firm began operations in a single location in downtown Nashville, Tennessee, in October 2000 and had about $48.9 billion in assets as of March 31, 2024.
That is up $934.3 million from December 2023 and $3.8 billion from March 31, 2023.