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Fidelity Investments will renovate two floors of space at the Deerwood north office park for expansion.
Jax Daily Record Tuesday, Mar. 21, 201712:00 PM EST

Fidelity Investments makes space for 300 jobs

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Fidelity Investments is preparing space for the 300 jobs it pledged to the city and state to hire by year-end 2018.

The financial services company wants to renovate the third and fourth floors in Building 100 at 4600 Touchton Road E. for a customer contact center, similar to the workspace it uses in Building 400.

That’s the Deerwood North office campus.

Spokeswoman Kathleen Bentley said the space will accommodate current employees and those that might be needed in the future.

Brasfield & Gorrie LLC is the contractor for the $800,000 project for 58,000 square feet. Plans show offices, open office space, meeting rooms, a café and seating area, learning centers, a lounge area and other functions.

Bentley said the company has about 900 employees in Jacksonville “and continues to grow and hire, making progress toward the multiyear jobs goal we announced in 2015.”

At the time of that announcement, Fidelity had 800 employees, meaning it has added 100 workers since then.

Fidelity also uses space on the third floor of Building 100, she said.

In November 2015, the company said it completed a lease for more than 50,000 square feet of office space in Deerwood North Building 100, which is across from Building 400.

Fidelity leases the majority of Building 400 for the current 800 employees. Bentley said Buildings 100 and 400 will accommodate the current and future employees.

The city and state agreed to $2.6 million in taxpayer incentives to add the financial services, investment banking and IT support jobs.

The city agreed to provide $488,000, including a $128,000 Recapture Enhanced Value grant and up to $360,000 for a Qualified Target Industry tax refund.

The state will pay $2.13 million, including up to $1.44 million for its share of the QTI payments and up to $690,000 for a Quick Response Training Grant.

Fidelity said the jobs would pay an average annual salary of $64,356, and the company will invest at least $13 million in real estate improvements, IT equipment, furniture and other items.

It said it also would renovate its existing space.

Morton’s returning, going to Hyatt

Morton’s The Steakhouse appears to be on tap to open in the Hyatt Regency Jacksonville Riverfront.

The Florida Department of Business and Professional Regulation approved a plan for the restaurant at the hotel’s address at 225 E. Coast Line Drive.

Morton’s is based in Houston and previously operated on the Southbank, where it closed in early 2012 as part of shutdowns after a change in ownership. There is space for a steakhouse at the Hyatt. Plaza III The Steakhouse closed in the downtown hotel in 2009.

Trader Joe’s nearing Mandarin opening

Interior work appears soon to begin for Trader Joe’s at its second Jacksonville location.

The California-based company expects to open that store, in the Claire Lane Center in Mandarin, by year-end but has not specified a date.

Target Contractors Inc. is the contractor for the pending interior work, shown on a building-permit application as a job cost of $850,000 for 13,746 square feet of space at 11112 San Jose Blvd.

In early March, the city approved shell and façade work for Trader Joe’s at a job cost of $387,400, also by Target Contractors.

The Monrovia, Calif.-based chain opened its first area store in October 2014 at the South Beach Regional shopping center in Jacksonville Beach.

Aldi to open in Orange Park

An Aldi grocery store is heading to Bolton Plaza in Orange Park, marking the seventh identified location for the Germany-based discount food chain.

Plans on the Kite Realty Group website show an Aldi store of 18,535 square feet in the shopping center at Blanding Boulevard and Filmore Street.

Aldi is expected to sit between Cato and Marshalls. The center, which has been undergoing redevelopment, also includes an Academy Sports + Outdoors and LA Fitness.

Aldi already operates at 9041 Southside Blvd. in Jacksonville and in St. Augustine and Middleburg.

It plans to open at CB Square in the Regency area and build at Town Center Promenade near St. Johns Town Center and in West Jacksonville along Normandy Boulevard near Interstate 295.

Development notes

• The St. Johns River Water Management District gave notice of its decision to grant a permit for Roosevelt Square LLP, part of Dewberry Capital Corp. in Atlanta. The Environmental Resource Permit allows Dewberry to build a surface-water management system for redevelopment of a 5.2-acre commercial site at Roosevelt Mall, which has been renamed Roosevelt Square.

• Orange Legal Inc. is in review for build-out Downtown at 701 W. Adams St., known as the Elkins Building. River City Contractors is the contractor for the $111,842 project in Unit 1 to create an executive office, two more offices, a conference room, breakroom and lobby.

Food note

• First Watch, The Daytime Café, will soon be at the Shoppes at Bartram Park. Scherer Construction of Northeast Florida LLC is listed as the contractor for the 3,400-square-foot shell building at Old St. Augustine Road and Bartram Park Boulevard. The construction cost is shown at $760,646.

[email protected]

@MathisKb

(904) 356-2466

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