Property owner Ladder Capital Finance LLC is moving ahead on plans to build a 1,435-space parking garage for Bank of America on its Gramercy Woods campus along Southside Boulevard.
It is part of Bank of America’s $200 million investment in the campus.
“We are pleased with the progress of our $200 million renovation project underway at our Jacksonville Campus on Southside Boulevard,” said Mark Bennett, president of Bank of America, Jacksonville, in a statement May 9.
“The addition of a covered parking facility will be another welcomed amenity for our employees and again demonstrates our commitment to the Jacksonville community as we make Bank of America a great place to work,” he said.
The St. Johns River Water Management District is reviewing a permit for development of the six-level, almost 470,000-square-foot building on the northernmost parking lot at the campus at 9000 Southside Blvd.
City utility JEA issued a service availability letter March 20 for the project.
Matthews Design Group of St. Augustine is the civil engineer.
North Carolina-based Bank of America has been working on renovating its Jacksonville Operations Center at the campus.
It said in October it will renovate and update the 800,000 square feet of space it leases among five buildings.
The center houses part of the bank’s customer contact operations call center and technology-operations support.
With the new garage and remaining interior renovations on the campus, Bank of America anticipates completion over the next two years.
Bank of America essentially has occupied the space since the structures were built in 1989 for Barnett Banks. Jacksonville-based Barnett merged into Bank of America.
The entire 9000 Southside Blvd. office campus has expanded to almost 1.24 million square feet of space.
Investors bought the property and then sold the five buildings now leased by Bank of America to New York City-based Ladder Capital Corp. in 2017.
The bank consolidated into those buildings – 200, 300, 400, 500 and 600.
The remaining structures are owned and leased to other users.
New York City-based Ladder Capital Finance LLC owns the Bank of America property through LBA Tract E Jacksonville FL LLC, which is the applicant for the project with the water management district.
Bank of America Senior Vice President of Corporate Communications Christopher Feeney said May 8 that when approved and permitted, the plan is to start construction on the garage in the third quarter of 2023 for anticipated completion in the third quarter of 2024.
He said there are several thousand people working at the operations center.
They now park on surface parking at Building 600 and additional parking is available via shuttle from Garage 1002 on the south end of the campus.