Permits were issued earlier this month to Valdosta-based Rise: A Real Estate Company for the construction of the seven-story mixed-use project in the Sports and Entertainment District. The 177,200-square-foot project includes 247 luxury apartments, seven-level, 284-space parking garage. The historic George Doro Fixtures Company manufacturing complex will be razed to clear the 1.77-acre site for the new $46 million development. Construction is anticipated to take 22 months.
Fidelity National Information Systems
Construction continues on a new $145 million world headquarters complex for Fidelity National Information Services, Inc. (FIS) in Brooklyn at 323 Riverside Avenue. Bounded to the north and south by Northwestern Mutual and the TIAA Bank Building, the 12-story, 300,000 square foot office tower would include an 8-story parking garage with 1,603 parking spaces and ground floor retail space. The office tower would be constructed between the garage and the St. Johns River, with a main entrance along Forest Street. A result of a $43 billion 2019 acquisition of Cincinnati-based Worldpay, Inc. by FIS, when completed in June 2022, all FIS’s offices in Jacksonville will be consolidated into the structure, along with the creation of 500 additional high paying jobs.
First Baptist Convention & Old Federal Reserve Buildings
JWB Real Estate Capital recently applied for permits to begin on the renovation of the Federal Reserve and Baptist Convention buildings. The adaptive reuse of the Federal Reserve Building will include a restaurant, office and banquet space. 24 apartments, two retail suites and a restaurant will be the new uses included in the adaptive reuse of the First Baptist Convention building. An exterior courtyard for outdoor dining will connect the two buildings with Sweet Pete’s and the Seminole Club building nearby. The developer anticipates starting work in the third quarter of 2021.
Independent Life Building
The City of Jacksonville is in the process of reviewing permit applications for the adaptive reuse of the Independent Life Building at 233 West Duval Street. Proposed by Augustine Development Group, the 165,000 square foot office tower will be converted into a $28 million mixed-use project that will include 140 market rate apartments, a grocery store, food hall and rooftop lounge and restaurant.
JEA Corporate Headquarters
Construction is underway on a proposed $68 million headquarters for JEA. The 162,000-square-foot building and adjacent 657-space parking with 10,690 square feet of retail is being developed on a former surface parking lot bounded by Adams, Julia, Monroe and Pearl Streets.