Developers for Bank of America filed permit applications with the city to renovate almost 50,000 square feet of space at the financial company's Southside campus.
The project will help accommodate the 200 new Bank of America jobs announced in June.
The Angelo Group of Jacksonville is the contractor for the almost $1.3 million renovation project for offices in two buildings at Bank of America's 9000 Southside Blvd. campus.
The city and state approved about $1.04 million in incentives for Bank of America to create the jobs.
Those incentives comprise a Qualified Target Industry grant of $600,000 and a Recaptured Enhanced Value grant of almost $440,000.
The city is responsible for the REV grant and $120,000 of the QTI grant. The state will pay the other $480,000 of the QTI grant. City Council approved the city's part of the deal June 25.
On Thursday, Gov. Rick Scott confirmed the deal that Bank of America will invest $13 million in the project and create the jobs by December 2015. The city deal specified the investment would be made over three years.
As the permit applications indicate, Bank of America plans to expand operations at its two Southside Jacksonville campuses to accommodate Bank of America and Merrill Lynch lines of business.
The city documents said the project would accommodate global technology and operations, consumer banking, home loans, legacy assets servicing and Merrill Edge.
"To make Florida an even better place for families and businesses, we are planning to cut $500 million in taxes and fees for Florida families in this year's proposed budget," Scott said in the release.
A council summary of the legislation said the 200 jobs will pay an average wage of $50,694 plus benefits.
The permit applications call for renovations of $676,528 and $607,780 in two buildings.
GPT GIG BOF Portfolio Owners LLC of Jenkintown, Pa., is the property owner.
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