The city is considering a building permit application for the Florida Mechanical Systems Inc. Administration Building for WW Gay Mechanical Contractor Inc. at 524 Stockton St. at a construction cost of $11 million.
Jacksonville-based Auld & White Constructors LLC is the contractor for the 49,665-square-foot, 3.95-acre, two-story office building.
Kasper Architects + Associates Inc., also based in Jacksonville, is the architect.
WGI Inc. of Fleming Island is the civil engineer.
Plans show the developer to be Ronald W. Fussell Inc. of Jacksonville.
The new structure will be next to the existing buildings.
The city council approved $1.2 million in public incentives for Florida Mechanical Systems to help fund a new headquarters for affiliated company WW Gay at its current site in northwest Jacksonville.
On April 26, Council voted to approve a $500,000 grant and property tax refund capped at $700,000 for what the company said was a $15.31 million office and administrative building and of 49,200 square feet at 524 Stockton St.
WW Gay will lease the structure that will replace its fire-damaged headquarters in August 2020.
Resolution 2022-0277 authorizes the City’s Office of Economic Development to enter into a redevelopment agreement with Florida Mechanical for the Large Scale Economic Development Fund cash grant.
The bill also approved the Recapture Enhanced Value Grant property tax relief at 50% over 10 years.
A summary of the city’s project indicates that WW Gay would be the main tenant of the office building.
WW Gay President and CEO Paul Jones is also President of Florida Mechanical Systems, described as a private property and rental management, crane and mechanical equipment rental, and fleet management company founded in 1968.
He owns the property where WW Gay is located.
The Stockton Street property is in a city-designated Tier 2 Economic Distressed Area in the Yard District, and the summary says the incentives would keep WW Gay based in Jacksonville.
The summary states that WW Gay wishes to remain a tenant of Florida Mechanical Systems’ 20-acre campus.
A breakdown says it will cost $10.46 million to build the two-story headquarters, $1.44 million to renovate the site’s existing infrastructure and $622,700 to develop the site.
WW Gay will invest approximately $2.37 million in the purchase of furniture and accessories. The summary shows $420,836 in the development budget as a contingency.
The contractor told the city he would create 60 jobs with an average salary of $83,700 plus benefits by Dec. 31, 2028, in exchange for the incentives, adding $5 million to the city’s payroll. business per year.
The commercial, industrial and engineering contractor was founded in 1962 and has more than 600 employees in Jacksonville.
WW Gay said in March 2021 that it had 1,200 full-time employees across the company and had a gross income in 2020 of $243 million.
Be the first to know about the latest news and information that business leaders rely on in this rapidly changing Northeast Florida economy. Regional business news, trends and statistics needed to grow your business. The main upcoming events you won’t want to miss and much more.