Skip to main content
Columnists
Jax Daily Record Thursday, Apr. 3, 201412:00 PM EST

First Tennessee moving to Northbank

Share

First Tennessee Bank, which announced in January it had opened a Jacksonville office, is building-out offices on the Downtown Northbank in One Enterprise Center. It has been leasing space on the Southbank.

The city is reviewing a permit application for First Tennessee to renovate 4,402 square feet of space on the 15th floor of One Enterprise Center at 225 Water St. Gresham, Smith and Partners is the architect for the project.

No contractor was listed for the $200,000 renovation.

Plans show First Tennessee’s space will comprise at least eight offices, an open office area, at least two conference rooms, a reception area and other office functions such as the mail room, copy room, break room, storage areas and IT.

First Tennessee Bank said in January that the new Jacksonville office continues the growth of the bank’s Mid-Atlantic Region, which is led by President John Fox and includes the North Carolina, South Carolina, Virginia and now the North Florida markets.

First Tennessee is a subsidiary of Memphis-based First Horizon National Corp.

First Tennessee said the Jacksonville office, which opened in the Aetna Building on the Southbank, will serve the Jacksonville market with private client banking, wealth management through FTB Advisors, commercial banking and commercial real estate.

First Tennessee operates on Aetna’s 12th floor, where Regus has set up a business center to lease flexible office workspaces. First Tennessee said in January that plans call for full-service banking to be offered when the office moves to a Downtown business district location in late spring.

Jacksonville joins existing Mid-Atlantic offices in Winston-Salem, Raleigh and Charlotte, N.C.; Richmond, Va.; and Charleston, S.C.

Fox said Jacksonville shared characteristics with the bank’s other Mid-Atlantic markets. First Tennessee Bank celebrated its 150th anniversary in March.

First Tennessee said Rotcher Watkins, senior vice president and market executive, will lead the Jacksonville office. John R. Schmitt, senior vice president and team leader, manages commercial financial services and private client banking. Patrick Kincaid, vice president, manages commercial and corporate banking relationships.

One Enterprise Center is a 22-story, 318,997-square-foot building connected to the Omni Jacksonville Hotel.

Veterans craft brewery OK’d for renovation

Veterans United Craft Brewery landed city approval Wednesday to build-out space at the Lake Pointe South center in the Baymeadows area.

The city OK’d a permit for Tenant Contractors Inc. to renovate almost 10,000 square feet of space at 8999 Western Way, No. 104, at a project cost of $182,546.

U.S. Navy veteran Ron Gamble told the Daily Record in February he intends to invest about $1 million in the new venture.

He and his investors are converting almost 10,000 square feet of warehouse and office space into a craft brewery and tap room. It will focus on producing high-quality American and European-style ales.

Gamble said in February he expects to open the brewery in May. For information, visit vubrew.com.

Corner Bakery shell OK’d

The city approved a permit for Elkins Constructors Inc. to put up the shell building at the Shoppes on Riverside that will house the area’s first Corner Bakery CafĂ©.

Elkins will build the 4,000-square-foot shell building at 192 Riverside Ave. at a project cost of $240,000. Interior renovations will be separately permitted.

Corner Bakery will occupy the standalone building in front of the structure that will feature The Fresh Market.

The center eventually will comprise almost 50,000 square feet. It is a joint venture of Regency Centers Corp. of Jacksonville and Fuqua Development of Atlanta.

The Corner Bakery, a fast-casual restaurant, is expected to open late this year.

Tax collector remodeling call center

The Duval County Tax Collector’s office plans to remodel call-center space on the fourth-floor of the Yates Building Downtown at 231 E. Forsyth St. The office is based in that structure.

A building permit in review shows a $125,000 remodeling of 2,900 square feet of space by Perry-McCall Construction Inc. Plans show that existing office space will be converted into a call-center area with at least 16 stations, including at least two supervisor stations, along with open office space, a supervisor’s office, a file room, break room and other functions.

Daytona commissioners approve Trader Joe’s

The Daytona Beach News-Journal reported the proposed Trader Joe’s food distribution received four key unanimous votes of support from Daytona Beach city commissioners Wednesday night.

News-journalonline.com reported that commissioners approved property tax exemptions that will save the company nearly $1.6 million, a $400,000 commitment to help create utility infrastructure on the vacant site east of Interstate 95, rezoning for the 76.5-acre property and a plat approval that will allow the land to be legally divided the way the California-based company desires.

In addition to the $2 million from the city, Trader Joe’s will benefit from nearly $3 million from the county and state to build new roads for the project.

Trader Joe’s plans to break ground late this year or early next year and be open for business by late 2015. The distribution center is expected to create 450 permanent jobs at an annual average wage of $40,075 including benefits, according to city reports.

The news site said that over the five-year period that Trader Joe’s will receive a 100 percent property tax exemption from the city, it is projected to generate a capital investment of $88 million.

The new complex just north of Dunn Avenue and west of Williamson Boulevard will include a 523,760-square-foot warehouse, a 101,760-square-foot freezer building, a 178,275-square-foot site for future building expansion and a 6,000-square-foot truck wash.

The undeveloped site near apartment complexes had been zoned multifamily, but commissioners on Wednesday approved a zoning change to planned commercial development.

The news site said that over the past year, the city, county, state and landowner Consolidated-Tomoka Land Co. negotiated with Trader Joe’s to develop an incentive package, according to Deputy City Manager Ron McLemore.

In addition to the $2 million the city is giving in property tax exemption and utility help, those incentives also include access to city right-of-way to extend Mason Avenue and create underground utilities, and nearly $3 million from the county and state to build new roads for the project, said the site.

Daytona Beach had competed for months with other Florida cities for the specialty niche grocer to locate there. Northeast Florida also had been considered a contender for the project.

Retail notes

• Smart Pharmacy intends to build-out an almost 7,000-square-foot location at 14003 Beach Blvd. at a project cost of $500,000. Building Dynamics Inc. is the contractor. The permit is in city review.

• Advance Auto Parts wants to renovate more than 7,000 square feet of space in the Town & Country Shopping Center in Arlington at 965 University Blvd. Ed Carlyon Construction Inc. is the contractor for the $205,000 project. The permit is in city review.

• Collins Crossing in Southwest Jacksonville received a mobility fee estimate of $1.5 million for the proposed Walmart Supercenter-anchored retail project on 43.73 acres off of the Interstate 295 West Beltway. The proposed 250,000-square-foot project comprises the almost 187,000-square-foot Walmart as well as two more retail buildings and several outparcels. Gatlin Development Co. Inc. of Fort Lauderdale proposes to develop the project. Gatlin also has developed four area Walmart Neighborhood Markets and proposes a fifth at the Wilson Square Shopping Center.

[email protected]

@MathisKb

(904) 356-2466

Related Stories

Advertisement