Jacksonville’s largest credit union relocated its headquarters and 1,000 employees Downtown in 2019. VyStar Credit Union purchased the 23-story high-rise at 76 S. Laura Street and adjacent garage for $59 million in July 2018 and purchased the neighboring seven-story 100 W. Bay Building for $5 million in February 2019. The credit union is infusing more than $15 million in renovations into 100 W. Bay, with retailers Bread & Board Provisions and Peterbrooke Chocolatier located on the first floor. In addition, the credit union worked with Art Republic to install public art throughout its parking garage and plans to create pop-up experiences in its alleyway. Vystar was also the successful bidder to acquire a City parcel located at the corner of Forsyth and Main and on which the company plans to build a parking garage with associated retail.
Investment: $100+ million
Ash Properties has begun renovations of the BB&T Tower Downtown.
Work will include lobby renovations that include furniture, flooring and décor, bringing the common areas “up to a more modern and open look to generate the interest in and excitement of new tenants,” Whitfield said.
Minneapolis-based Ryan Companies US Inc. will build a new, 162,000-square-foot headquarters for Jacksonville’s public utility in the Central Core at 325 W. Adams St. Ryan acquired 1.5 acres for $2.6 million in June 2019. Plans call for an adjacent 657-space garage with 10,690 square feet of activated ground floor space. The office tower and parking garage, developed by Ryan Companies US Inc., will sit on one city block, bounded by Adams, Monroe, Pearl and Julia streets adjacent to the Duval County Courthouse. JEA will lease the building from Ryan upon completion.
Investment: $72.2 million
In July 2019, global fin-tech leader, FIS acquired Worldpay, one of the world’s leading global eCommerce and payment technology companies, making FIS a $12 billion company with 55,000 employees. FIS plans to build a new, 12-story, 300,000-square-foot headquarters to support its growth in the Brooklyn District. FIS will consolidate its current headquarters and local offices into the new headquarters and plans to hire an additional 500 employees by 2029, bringing its Jacksonville workforce to approximately 1,800 employees.
FIS is currently under construction and expected to be complete summer 2022.
Investment: $145 million
North Florida Land Trust is a highly skilled and experienced not-for-profit organization focusing on the preservation of land for future generations. We protect private and public lands through land donation, acquisition, and other strategies. Our scope of knowledge and experience combined with our regional footprint give us a deep understanding of how community, people, government and business integrate within the environmental value chain.
Everything old is new again at the historic Barnett Building following a two-year restoration of one of Jacksonville’s most prestigious addresses. The mixed-use building features 107 loft-style residential apartments overlooking downtown Jacksonville and the St. Johns River. It also houses Chase Bank, the University of North Florida’s Center for Entrepreneurship and Innovation and The Jacksonville Business Journal.
SouthEast Group completed the renovation of the historic, 18-story Barnett Building in 2019.
Investment: $53 Million
The Riverplace Tower is a 28-floor office building on the south bank of the St. Johns River in Jacksonville, Florida. At the time of its construction, it was the tallest building in the state of Florida and was the defining landmark in Jacksonville’s skyline.