As Bank of America continues toward the $200 million upgrade of its Jacksonville Operations Center near The Avenues Mall, the city also has issued permits for the $4.7 million renovation of two floors in Building 100 at the Gramercy Woods office park.
That is an expansion from the five buildings that Bank of America already leases and has been renovating.
Gramercy Woods is at 9000 Southside Blvd. Building 100 is the primary building visible at the Southside Boulevard entrance that has been anchored by Aetna.
The permits issued Oct. 21 and Oct. 22 were for Jacksonville-based Auld & White Constructors LLC to renovate the seventh and eighth floors for Bank of America at more than $2.35 million each in the 10-story Building 100. The space totals about 44,750 square feet.
Aetna Inc. previously leased that space and continues to lease space on the fourth floor.
The health insurer left the Downtown Aetna Building on the Southbank for the Southside office park in 2017.
Gilbane Building Co. renovated space among six floors of the building at a project cost of $5.9 million on the first floor and the fourth through eighth floors.
Building permits show that other tenants have since remodeled space on the first, fifth and sixth floors.
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.
The North Carolina-based Bank of America already has been working on a $200 million upgrade of the 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.
Renovations continue there. The city also is reviewing a permit application for an estimated $1.697 million renovation for Bank of America in Building 600.
The 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.
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.