Plans filed for at least 5 area Chase banking offices
Plans have been filed for at least five JPMorgan Chase & Co. banking offices in Northeast Florida, comprising at least four in Jacksonville and one in St. Johns County.
Those are in addition to the one Chase office with an ATM at 7301 Baymeadows Way, near Cypress Plaza Drive, and a Chase ATM in Neptune Beach at 233 Atlantic Blvd.
The Baymeadows Way address is the site of JPMorgan Chase's mortgage banking operations center in Jacksonville, which it acquired from the failed Washington Mutual Inc.
While Chase has not filed an application for any new branch with the Office of the Comptroller of the Currency in the past year, plans indicate it intends to open offices in the area.
Plans filed with the City and the St. Johns River Water Management District show plans for Chase banks at:
• 13520 Beach Blvd., at southwest Beach and Hodges boulevards in Hodges Pointe Plaza. Proposed construction plans show a 5,278-square-foot, one-story building for Chase with three drive-thru lanes on 1.4 acres of vacant land. LAI Engineering of Marietta, Ga., is the agent. Plans were prepared for BDG Architects. The property owner is Property Management Support Inc. Plans were filed with the St. Johns River Water Management District and the City.
• 4372 Southside Blvd., No. 200, at Touchton Road. Plans show a 2,693-square-foot JPMorgan Chase Retail Banking Center. The owner of the project is listed as Chase Bank of Tampa. The construction contract is out to bid for the $600,000 build-out. BDG Architects of Tampa is the design firm. An application for a building permit was filed with the City.
• 1661 Riverside Ave., No. 125, at Margaret Street. The proposed interior build-out plans show a 1,252-square-foot retail banking branch. The owner is Chase Bank of Tampa and the architect is BDG Architects of Tampa. The construction contract is out to bid for the $450,000 project. An application for a building permit was filed with the City.
• 6012 San Jose Blvd., at University Boulevard West. The proposed interior build-out shows a 2,693-square-foot JPMorgan Chase retail banking center. The owner is JPMorgan Chase Bank in New York. No contractor was listed for the $225,000 project. An application for a building permit was filed with the City.
• Bartram West Village, 332 N. Florida 13, at Race Track Road, St. Johns County. Plans show proposed construction of a 3,456-square-foot building with three drive-thru lanes on about 1 acre. The developer is shown as Chase in Boca Raton. The engineer is LAI Engineering of St. Augustine. Plans were filed with the water management district.
The jpmorganchase.com website reports the bank has more than 17,000 employees in 300 locations throughout Florida.
As of Dec. 31, JPMorgan Chase had 5,614 branches, up 106 from the year before and up 18 over the quarter. The branches operate in 23 states.
The company reported 2012 net income of a record $21.3 billion, up from $19 billion from 2011. Revenue was flat at $99.9 billion.
Fourth-quarter net income was $5.7 billion, up from $3.7 billion in the fourth quarter of 2011. Revenue was up 10 percent to $34.4 billion.
JPMorgan Chase & Co. reported assets of $2.4 trillion worldwide. It provides investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity.
Nordstrom Rack makes it official
Seattle-based Nordstrom announced Friday it would open a Nordstrom Rack at The Markets at Town Center. The 35,000-square-foot store is scheduled to open in mid- to late fall.
The Daily Record reported Jan. 22 that the City was reviewing a building permit application for construction of the shell structure to house Nordstrom Rack.
Contractor James C. Hudson Jr. Construction Co. of Chattanooga, Tenn., is shown as the contractor for the $1.5 million, 34,934-square-foot building at 4924 Big Island Drive. The interior build-out would be approved under a separate permit.
As reported, Nordstrom Rack is the off-price retail division of Nordstrom Inc. and reports that it carries on-trend merchandise from Nordstrom stores and Nordstrom.com at 50 to 60 percent off original Nordstrom prices.
It also sells clothing, accessories and shoes from many of the brands carried in Nordstrom stores bought specifically for Nordstrom Rack, with most at savings of 30 to 70 percent off.
Nordstrom plans to open a full-line store at St. Johns Town Center in fall 2014.
Nordstrom currently operates nine full-line stores and eight Rack stores throughout Florida.
"We're fortunate to have lots of customers living throughout the First Coast region and hope this new Rack store will make it more convenient for our Jacksonville customers to shop both our Rack location and the neighboring full-line store opening across the street next year," said Geevy Thomas, president of Nordstrom Rack, in a news release.
The release said the principals of Arris Realty Partners and Genesis Realty Advisers, together with other former executives of Ben Carter Properties, are completing the final phase of development of The Markets at Town Center on behalf of its owner, Pinehill Markets Operating LLC.
The two firms are based in Atlanta and specialize in retail development, acquisitions, asset management, leasing and property management.
Winn-Dixie changing store management
Asked about reports Friday that Jacksonville-based Winn-Dixie is laying off store managers and asking many to re-apply for jobs, spokeswoman Tiffany Hutto at the St. John & Partners advertising and public relations agency did not provide specifics.
"The changes to our store leadership will include some new positions and some eliminated positions," said Hutto, a public relations account manager at St. John & Partners, in an emailed response.
"Associates in eliminated positions are encouraged to apply for other open positions and we will likely have more new, open leadership positions than we have current store leaders," she said.
The Florida Times-Union reported that the changes affect only managerial positions in Winn-Dixie grocery stores, not cashiers, baggers and hourly workers. The newspaper said no managers are affected at the Bi-Lo stores of Winn-Dixie's parent company, Bi-Lo Holding.
According to the Times-Union, the company's public relations director said the personnel moves are in progress. The statement did not include how many employees, or what stores, are affected.
Asked why the company was making the personnel changes, a representative said in an email to the Times-Union that "the leadership changes are being implemented to improve the customers' shopping experience while providing clearer career paths and development opportunities for future store leaders."
Winn-Dixie did not elaborate to the Times-Union.
A year ago, on March 9, 2012, Bi-Lo Holding, based in Greenville, S.C., completed its $560 million acquisition of Jacksonville-based Winn-Dixie Stores Inc.
Mayor Alvin Brown and other officials soon announced that the combined headquarters would be based in Jacksonville, pending economic incentives.
The deal, code-named "Project Opal," called for $6.64 million in City and state incentives for the merged Bi-Lo Winn-Dixie headquarters to remain in Jacksonville, retain 891 jobs, create 100 new jobs and make a taxable investment of $79.8 million at Winn-Dixie's Westside headquarters and Baldwin distribution center.
The incentives were approved.
Winn-Dixie told the Times-Union the leadership shuffling is not related to the merger and the changes are not affecting the headquarters in Jacksonville.