The city issued two more permits for JWB Real Estate Capital’s headquarters space in the Downtown Greenleaf & Crosby Building, which increases the project cost for four of the company’s targeted five floors to almost $2.53 million.
Jacksonville-based JWB Real Estate Capital intends to relocate in phases from 7563 Philips Highway in Deerwood Center in the Southside to the Downtown building, now called The Greenleaf.
The city issued permits June 13 totaling job costs of more than $1.1 million for a $554,000 project to build-out 3,708 square feet of space on the fourth floor and $550,000 for 3,744 square feet of space on the 11th floor of the 12-story structure at 208 N. Laura St.
Jacksonville-based Avant Construction Group is the contractor. Studio 9 Architecture & Interior Design of Jacksonville is the architect. Codes-ABC Inc. of Orange Park is the private provider for code compliance.
The historic building is at northwest Adams and Laura streets. A marketing brochure by The Urban Division at Colliers calls it Greenleaf Tower.
Both permits show conference rooms, open office areas, collaboration space, kitchens and, on the 11th floor, a mother’s room. The fourth floor includes atrium space.
The two follow a couple issued since year-end, also to Avant Construction.
On Jan. 31, the city issued a renovation permit for the fifth floor at a project cost of $552,000. That came after one Dec. 31 for the second floor at $872,350.
The second floor comprises 6,394 square feet to create open office space, conference rooms, a lounge and kitchen, collaboration rooms and other space.
The fifth floor comprises 3,880 square feet of space with conference and collaboration rooms as well as open office space and an atrium.
JWB President Alex Sifakis said May 27 the company will take the second, fourth, fifth, 11th and 12th floors.
That means the last permit for review would be the 12th floor.
Sifakis said occupancy of the building will be 100% when JWB moves in after renovations are completed, likely early next year.
The permits follow one for Regus, which leases space to provide flexible offices, to open on the eighth and ninth floors.
The Oak Steakhouse intends to open on the first floor in the former Jacobs Jewelers space. Indigo Road Hospitality Group announced Nov. 26 the steakhouse will open in late 2025.
Sifakis said May 27 the Oak Steakhouse would open in 2026.
JWB Real Estate Capital bought the building for nearly $7 million in 2022.
The city Downtown Investment Authority approved a $4.97 million forgivable loan package in August 2023 for JWB to finance improvements at the building at an estimated cost of $16.88 million.
The renovated building provided 44,000 square feet of office space for lease as well as the restaurant space on the ground floor.
Colliers Senior Vice President Matthew Clark and the Colliers Urban Division is the listing agent.