Skip to main content
Government
Jax Daily Record Thursday, Feb. 6, 202004:40 PM EST

Council to consider land sale to FIS for new Brooklyn HQ parking garage

Share
City will sell the property for $10 in exchange for public parking on nights, weekends and holidays.
by: Mike Mendenhall Staff Writer

City Council will consider a land agreement with Fidelity National Information Services Inc. for a parking garage to serve the company’s proposed world headquarters in Brooklyn.

Council President Scott Wilson filed legislation Feb. 5 at the request of the Downtown Investment Authority that would sell 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 planned $145 million FIS headquarters at 323 Riverside Ave.

 FIS CEO Gary Norcross said in November the headquarters is targeted for completion by June 2022. 

The redevelopment agreement states FIS cannot build a garage with less than 1,380 spaces and that 130 ground-floor spots will be available to the public after 6 p.m. weeknights and 24-hours-per-day on weekends and national holidays. 

The parking structure is part of the planned $145 million FIS headquarters at 323 Riverside Ave.

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 Downtown Riverwalk.

The Downtown Development Review Board gave conceptual design approval Jan. 9 to the FIS headquarters and parking garage.

Lane Gardner, senior managing director of the project’s real estate management firm, Hines, said the 570,000-square-foot garage will have 3,600 square feet of office and retail space. 

The FIS development is on 5.71 acres. The majority 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. 

Ordinance 2020-0116 is scheduled for a first reading at the Feb. 11 Council meeting before being vetted by three Council committees. 

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.

 

Related Stories

Advertisement