Bank of America applied for another permit toward the $200 million upgrade it plans of its Jacksonville Operations Center at 9000 Southside Blvd. near The Avenues mall.
The center is within the Gramercy Woods office park.
The city is reviewing an application for an estimated $4.55 million renovation of the fifth floor in Building 200 for office space, presentation and video room work and other operations.
Marand Builders Inc. of Jacksonville Beach is the contractor for 26,090 square feet of the 28,484-square-foot floor.
Property records indicate that the five-story Building 200 – also called Unit 200 in the records and on the permit application -– was built in 1989.
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.
Auld & White Constructors LLC of Jacksonville and Marand Builders are the contractors for the renovations.
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.
It is now leasing more space in Gramercy Woods.
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.
That building is owned by Glen Southside LLC, part of Atlanta-based Glenfield Capital LLC, which 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.
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.
As of year-end 2023, Bank of America anticipated completion of the projects over the following 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.