Bank of America is exploring construction of a branch in the Regency Park Shopping Center in Arlington.
City utility JEA is reviewing a service availability request for the project at 9400 Atlantic Blvd., on land in the shopping center anchored by American Signature Furniture and Ollie’s Bargain Outlet.
The project is described as a 4,800-square-foot Bank of America with three drive-thru lanes attached to the building and a detached stand-alone ATM with a drive-thru.
Kimley-Horn and Associates Inc. of Jacksonville is the civil engineer.
The project has been in review for several months, but not previously identified as Bank of America.
On May 31, JEA issued a service availability determination letter to civil engineering firm BGE Inc. for an unidentified 4,800-square-foot bank or credit union with three teller lanes to be built on Regency Park property facing Atlantic Boulevard.
JEA’s letter outlined the utility service connection points and other improvements that would be needed.
Those plans showed the building would be developed on an outparcel in Regency Park near a signalized intersection to Atlantic Boulevard. The address is that of the full center, 9400 Atlantic Blvd.
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. It’s not clear how that will be affected by a new branch.
The 12-story office building, developed in 1974, is owned by International Management Co. LLC through Regency Tower Holdings Inc.
Regency Park Shopping Center is south of the mall.
The 330,029-square-foot shopping center site is south of Atlantic Boulevard east of Southside Boulevard and west of Monument Road.
New York City-based Brixmor Property Group owns the 28.8-acre 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 is renovating a former Pollo Tropical on another. Those are separately owned.
Bank of America said in February, 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 past few years, including renovating its financial centers that remain.
The branch, on the ground floor of the Bank of America Tower at 50 N. Laura St., closed June 25. Downtown clients had their accounts moved to the Regency branch, although they could choose any other office.
The bank had 23 remaining branch offices and 81 ATMs in the Jacksonville market.
Charlotte, North Carolina-based Bank of America continues to maintain offices in the Downtown Bank of America 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.