The city issued a permit Aug. 17 for Dav-Lin Interior Contractors Inc. to build-out space for financial services firm Cantor Fitzgerald in Capital Plaza in Southside Jacksonville.
Dav-Lin will remodel the 7,846-square-foot space at 10401 Deerwood Park Blvd. at a cost of $502,811.
Plans show the New York City-based firm will lease on the first floor of Building II.
JAX Chamber announced July 7 that Cantor Fitzgerald’s Jacksonville office will employ 80 people.
The operation will handle some of the Cantor Fitzgerald’s international security processing activities.
In May, the Jacksonville City Council approved the project as Project Kodiak and the Florida Department of Economic Opportunity finalized it in June.
Council approved Resolution 2020-226-A for $96,000 as the city’s financial support of a Qualified Target Industry Tax Refund. The state agreed to pay $384,000, for a total rebate of $480,000. That is $6,000 per job.
Cantor Fitzgerald agreed to pay an average annual salary of $74,209 for the jobs to be created by year-end 2021.
The company told the city it would invest about $1.2 million into real estate improvements, information technology equipment, furniture and fixtures for the operation.