A former Red Lobster restaurant in St. Augustine will be demolished seven months after closing and be replaced by a Chase Bank branch.
St. Johns County issued a permit June 20 for Marand Builders Inc. of Jacksonville Beach to demolish the restaurant at 100 Florida 312 W.
The county is reviewing a permit application for Marand Builders to construct a Chase Bank branch on the site. Marand filed the application Feb. 3.
Coltrane Real Estate Investments LLC of Winter Park owns the restaurant property.
The completion date for the demolition of the 8,517-square-foot building is July 31.
A start date is not determined and Marand Builders declined to comment on the project cost.
The Chase Bank branch is estimated to be 3,432 square feet and will have a drive-thru lane, according to the permit application.
The start of bank branch construction is not determined.
Red Lobster said May 19 it filed for Chapter 11 bankruptcy protection.
USA Today reports the chain closed 99 restaurants in 28 states in May, about 15% of its 641 restaurants open at the start of the year.
All three Jacksonville Red Lobster restaurants are closed. They are at 416 Commerce Center Drive; 8720 Baymeadows Road; and 13090 City Station Drive.
The Red Lobster in at 32 Blanding Blvd. in Orange Park remains open.
JPMorgan Chase & Co. announced in January it was planning to expand its presence in the region.
The New York City-based company said Jan. 31 its Chase Bank subsidiary will open 10 more branches in North Florida and hire more than 100 people over the next three years for those offices and other needs.