Construction for the garage will begin by June 1, 2021.
City Council approved a land agreement March 10 with Fidelity National Information Services Inc. for a parking garage to serve the company’s proposed world headquarters in Brooklyn.
Ordinance 2020-0116, which passed Council 17-0, sells 0.39 acres of city-owned property to FIS for $10 in exchange for public parking access.
The eight-story, 1,603-space parking structure is part of the $145 million FIS headquarters planned at 323 Riverside Ave.
FIS CEO Gary Norcross said in November the headquarters is targeted for completion by June 2022.
Council approved an amendment to the bill that edits the deal’s quitclaim deed, changing the construction commencement deadline for the parking structure to June 1, 2021.
The redevelopment agreement states FIS cannot build a garage with fewer than 1,380 spaces and that 130 ground-floor spots will be available to the public after 6 p.m. weeknights and all day Saturday, Sunday and on national holidays.
The DIA board approved the terms of the redevelopment agreement Nov. 3 and issued a 30-day notice of disposition for the property.
City crews completed demolition of the vacant 110-year-old Fire Station No. 5 on Jan. 25 at 347 Riverside Ave. The station was in the path of a road realignment for access to the FIS campus and the Downtown Riverwalk.
The Downtown Development Review Board approved the final design Feb. 13 for the FIS headquarters and parking garage.
The 570,000-square-foot garage will have 6,000 square feet of ground-floor office and retail space.
The FIS development is on 5.71 acres. The majority of the project will be built on a 4½-acre parking lot now owned and used by insurer Florida Blue. Florida Blue is building a 869-space, four-level garage on 2.3 acres at 800 Forest St.
FIS, a Jacksonville-based Fortune 500 company, provides technology for financial institutions. It acquired Cincinnati-based Worldpay in July for $43 billion and needs more space.
The combined company will have more than $12 billion in annual revenue and 55,000 employees worldwide in 40 countries. It has clients in 110 countries.
As part of a $29.9 million incentives deal with the city and state, FIS will retain its 1,216 Jacksonville employees. Norcross said its three Jacksonville facilities will be consolidated into the new headquarters.
Norcross and Gov. Ron DeSantis said Nov. 1 the new Downtown headquarters will create 500 jobs.