Citizens Property Insurance Corp., which is considered one of downtown Jacksonville’s largest employers, is contemplating a transfer to the Southside suburbs.
Residents moved greater than 1,000 staff into EverBank Center in 2015 in a serious win for bringing extra exercise into downtown. The group’s time within the downtown workplace tower may finish in 2026.
The federal government-created property insurance coverage supplier is seeking proposals for 225,000 sq. ft of house, and the solicitation is proscribed to workplace buildings in a portion of the Southside that does not embody downtown.
“Residents is looking for to barter with distributors for Jacksonville workplace house that gives higher entry in dangerous native climate circumstances and enhances its emergency response capabilities by housing tools and different response property at a single website,” stated Michael Peltier, spokesman for the company. “Residents can also be looking for a extra centralized location for its staff residing within the Jacksonville space.”
Primarily based on the solicitation, Residents would maintain Jacksonville as considered one of its two workplace areas together with Tallahassee. Residents informed potential bidders it’s looking for a 10-year lease of space for about 1,240 employees with renewal choices for one more 10 years.
Residents started promoting the solicitation on July 26 and the deadline for submissions is Sept. 10. Residents anticipates that after negotiating with constructing house owners, it can publish a choice on Nov. 4.
Residents needs to begin transferring to its new facility in January 2026 and begin graduation of the lease time period on June 1, 2026.
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Residents has been within the suburbs earlier than. When it picked EverBank Tower, Residents consolidated a number of websites by leasing 232,000 sq. ft within the workplace tower.
The COVID-19 pandemic introduced a drop in downtown workplace employees as a result of corporations allowed many staff to work remotely. Whereas corporations have been bringing employees again to the workplace because the pandemic, distant work continues to have an effect on downtown Jacksonville. Like many different downtowns, Jacksonville has seen a sharp increase in vacant office space.
The state created Residents Property Insurance coverage Corp. in 2004 as a non-profit authorities entity that acts as an insurer of final resort for property-owners unable to get insurance coverage within the personal market.
