As Bank of America continues toward the $200 million upgrade of its Jacksonville Operations Center near The Avenues Mall, the city issued a permit Nov. 19 for an almost $1.7 million renovation of Building 600 at its Southside campus in Gramercy Woods office park.
Auld & White Constructors LLC of Jacksonville is the contractor for the project.
Gramercy Woods is at 9000 Southside Blvd.
North Carolina-based Bank of America has been working on renovations at its five-building Jacksonville Operations Center that it leases from owner New York City-based Ladder Capital Finance LLC.
In 2017, investors bought the property and then sold the five buildings leased by Bank of America to Ladder Capital Corp.
The bank consolidated into those buildings – 200, 300, 400, 500 and 600.
The Building 600 project encompasses almost 49,000 square feet on the first floor and about 95,770 square feet on the second level of the two-story building.
It is called Phase 5 on the plans.
The city also recently issued a permit for the $4.7 million renovation of two floors in Building 100, which is an expansion from the five buildings that Bank of America already leases and has been renovating.
Building 100 is the primary building visible at the Southside Boulevard entrance.
The permits issued Oct. 21 and Oct. 22 for Auld & White Constructors to renovate the seventh and eighth floors at more than $2.35 million each in the 10-story Building 100. The space totals about 44,750 square feet.
That building is owned by Glen Southside LLC, part of Atlanta-based Glenfield Capital LLC that bought that building and other property there in April 2019.
Bank of America said in October 2021 it will renovate and update 800,000 square feet of space it leases among the five buildings in phases over several years.
Marand Builders Inc. and Auld & White Constructors LLC are handling renovations.
The operations center houses part of the bank’s customer contact operations call center and technology-operations support.
Bank of America’s $200 million investment includes construction of a six-tier, 1,447-space parking garage that is being built at a job cost of $24.66 million on the northernmost parking lot in Gramercy Woods.
Bank of America Senior Vice President of Corporate Communications Christopher Feeney said previously that construction is anticipated to be completed in 2024.
As of year-end 2023, Bank of America anticipated completion of the projects over the next two years.
Bank of America essentially has occupied the space since the park structures were built in 1989 for Barnett Banks Inc. Jacksonville-based Barnett merged into Bank of America.
The entire 9000 Southside Blvd. office campus has expanded to about 1.3 million square feet of space.