Wells Fargo signage to be removed by helicopter from Downtown high-rise

Tenants are notified that 1 Independent Drive and surrounding streets will be closed for about four hours July 14.

  • By Max Marbut
  • | 11:40 a.m. July 8, 2024
  • | 4 Free Articles Remaining!
Wells Fargo has had its name on the Northbank tower at 1 Independent Drive in Jacksonville since 2011.
Wells Fargo has had its name on the Northbank tower at 1 Independent Drive in Jacksonville since 2011.
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A helicopter is coming to take down the signs at 1 Independent, the former Wells Fargo Center in Downtown Jacksonville.

Tenants received an email July 8 that the building at 1 Independent Drive will be temporarily closed Sunday, July 14, to remove the signage atop the building.

In the email, property manager Banyan Street Capital said access to the building will be restricted from 7 a.m.-11 a.m.

“This is due to the removal of the Wells Fargo sign, which will involve a helicopter removing each letter individually and transporting them to a designated area near the stadium,” the email said.

The Wells Fargo sign will be removed from what is now called 1 Independent in Downtown Jacksonville.

Banyan Street Capital also said that for safety reasons, the Jacksonville Sheriff’s Office will close the streets around the building and traffic over the Main Street Bridge will be subject to periodic closures during the removal because of the helicopter’s flight path.

In May, the bank announced it would not replace burned-out lights in the signs and that it was relinquishing signage rights on the building as it plans to reduce its Downtown presence.

Wells Fargo put its name on the tower in 2011 and has been leasing more than 100,000 square feet of space among seven floors. It is expected to downsize to two floors.

A helicopter was used to remove the signage from the former Ameris Bank building in 2019. The building is now called Riverplace Tower.

An entity managed by Argentic Investment Management LLC of New York City acquired Wells Fargo Center in April and retained Banyan Capital, the building’s former owner, as the exclusive owner’s agent.

Argentic said there could be a new name on the tower, which would be the fifth name since the high-rise was built in 1975 for Jacksonville-based insurance company Independent Life.



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