Intercontinental Exchange Inc. appears to be preparing the new Jacksonville headquarters for its Mortgage Technology Division.
The city issued a permit Sept. 5 for Jacksonville-based Auld & White Constructors LLC to demolish interior space in Building 1 at ICE Mortgage Technology Inc.’s campus in Deerwood Park North. Build-out would be separately permitted.
That campus is south of Gate Parkway east of Southside Boulevard near the commercial area known commonly as Tinseltown.
The $825,000 project calls for partial interior demolition of the three-story Building 1 at 4800 Deer Lake Drive E. Plans show that 107,000 square feet of the 170,098-square-foot building is involved in the permit.
Auld & White created the permit Aug. 8 with the city.
Legacy Engineering Inc. of Jacksonville provided private plan review. Hoefer Welker in Jacksonville is the architect.
Plans indicate work on all three floors in the north and south wings and the central hub.
An atrium connects those areas.
The project consists of interior architectural demolition of selected partitions, floor and ceiling finishes throughout the building in preparation for the separately permitted interior build-out, plans show.
The demolition procedure says the buildings will not be occupied during demolition. Debris will be loaded and hauled to an approved landfill or concrete recycling facility.
Work will take place from 7 a.m. to 5 p.m. Monday to Saturday as necessary.
Atlanta-based Intercontinental Exchange Inc. announced in December 2024 it will spend at least $173 million to locate the headquarters of its Mortgage Technology division in Jacksonville.
Through ICE Mortgage Technology Holdings Inc. of Atlanta, ICE bought the 52.23-acre Merrill Lynch Deerwood Park North campus Jan. 13, 2025, from Bank of America for $42 million.
ICE came to Jacksonville through an earlier purchase.
ICE, the operator of the New York Stock Exchange, bought Jacksonville-based Black Knight, a software, data and analytics company that serves the housing finance market, for $11.9 billion in 2023.
The Jacksonville City Council agreed Nov. 26, 2024, to $21 million in property tax refunds and cash grants for the ICE deal to create the campus.
Code-named Project Paper Company, the deal retains more than 1,500 jobs and adds 500 over seven years.
The ICE campus comprises two properties divided by a lake.
The 32.98-acre parcel at 4800 Deer Lake Drive E. comprises three office buildings totaling 464,645 square feet and a 186,500-square-foot parking garage.
The 19.25-acre parcel at 4803 Deer Lake Drive W. has a 125,918-square-foot office building and a 166,132-square-foot parking garage.
There appears to be land available for future buildings on the smaller parcel.
The Daily Record previously reported that amount of office space could accommodate at least 2,600 workers, which is more than ICE’s pledge to retain the existing 1,500 Black Knight jobs in Jacksonville and create 500 more.
Merrill Lynch developed the structures in 1992, 1993, 1994 and 1998, adding the garages in 1998 and 2007, according to the Duval County Property Appraiser.
Bank of America has owned Merrill Lynch, the former Merrill Lynch & Co. Wall Street investment firm, for 16 years.
Since the 2009 acquisition, Merrill operates as the bank’s wealth management division.
The bank has been relocating functions from the Merrill Lynch site to its Bank of America campus 6 miles south at 9000 Southside Blvd.
The January deed said there was unrecorded office lease between ICE and Bank of America for Building 1 at 4800 Deer Lake Drive E. and Building 4 at 4803 W. Deer Lake Drive W., although Building 1 now is review for interior demolition for ICE.
The deed said there was no right of first refusal or purchase option for Bank of America in those buildings, indicating ICE controls who will rent or use the space.