The city is reviewing civil engineering plans submitted Oct. 29 for a proposed Bank of America branch in the Regency Park Shopping Center in Arlington.
If approved, the 4,876-square-foot branch office with three drive-thru lanes would be developed on 1.97 acres at 9400 Atlantic Blvd.
CPH Consulting LLC is the civil engineer. Brixmor IA Regency Park SC LLC of New York City owns the shopping center, where Bank of America is envisioned on an outparcel near the main entrance.
The project area is currently developed as parking area, drive aisles and a landscaped area serving the Regency Park shopping center.
The 28.8-acre Regency Park is anchored by American Signature Furniture and Ollie’s Bargain Outlet. The 330,029-square-foot shopping center is south of Atlantic Boulevard, east of Southside Boulevard and west of Monument Road.
City utility JEA has issued two service availability letters and the St. Johns River Water Management District has been reviewing the project.
Some of the applications show a 5,509-square-foot bank.
The outparcel has been identified as at the southeast corner of Atlantic Boulevard and the Regency Park center, near a signalized intersection.
Bank of America has a branch, ATM and drive-thru at Regency Tower at 9550 Regency Square Blvd., north of Regency Square Mall and along the mall’s back parking lot.
The 12-story office building, developed in 1974, is owned by International Management Co. LLC through Regency Tower Holdings Inc.
Brett McKee, vice president of property services with International Management Co., said in November 2024 that the company did not know of any changes.
“At this time, the landlord is unaware of any modifications to Bank of America’s current use of the premises at Regency Tower,” he said.
He said Oct. 30 he still had nothing report.
Regency Park Shopping Center is south of the mall.
New York City-based Brixmor Property Group owns Regency Park, which also is anchored by Bealls Florida, Crunch Fitness, Elevate Life Church, The Potter’s House Soul Food Bistro and Sanitas Medical Center, among its larger tenants.
The inline center was built in 1985-86.
Chick-fil-A operates on an outparcel; Starbucks has recently opened on another outparcel; and Panda Express renovated a former Pollo Tropical on another. Those are separately owned.
Bank of America said in February 2024, after announcing the planned closure of the Downtown branch, that it had invested more than $15 million in its physical office network in Jacksonville over the previous few years, including renovating its financial centers that remain.
The Downtown branch on the ground floor of the Bank of America Tower at 50 N. Laura St. closed June 25, 2024. Clients had their accounts moved to the Regency branch, although they could choose any other office.
Charlotte, North Carolina-based Bank of America continues to maintain offices in the Downtown tower, including Merrill Lynch/BofA Securities and BofA Private Bank offices, and executive offices.
Bank of America also is investing at least $200 million to upgrade its Jacksonville Operations Center in the Gramercy Woods office park at 9000 Southside Blvd. near The Avenues Mall.
Bank of America sold another office park, the Merrill Lynch Deerwood Park North campus, to Intercontinental Exchange Inc.
ICE Mortgage Technology Holdings Inc. paid $42 million for the 52.23-acre property Jan. 13, 2025, to locate the headquarters of its Mortgage Technology division in Jacksonville.