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 infused 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
The new 162,000 square-foot JEA headquarters includes a 657-space garage with 10,690 square feet of activated ground floor space. The office tower and parking garage, developed by Minneapolis-based Ryan Companies US Inc., sits on one city block, bounded by Adams, Monroe, Pearl and Julia streets adjacent to the Duval County Courthouse. JEA leases the building from Ryan Companies.
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 has recently opened 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.
Investment: $145 million
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