Deutsche Bank considers Southbank in site search

[edjax]

Addeco. Just states they are looking at potentially leasing two floors for the HQ only.  Again looking, nothing signed. But still good they are considering.

Also. Sorry but the story is on The Daily Record, not JBJ.

[ProjectMaximus]

Thanks for the info. It's better than nothing!

[JayBird]

Not that they aren't looking, but since they've been pretty solid on the fact that it will fill in their available Deerwood space until now, plus the fact that they want place their executives here but will still keep Deerwood as their corporate hq, kind of makes me think they're more shopping to see if they get any incentive offers. Not sure how serious it really is, it's the play I would do just because why leave free money on the table.

[ProjectMaximus]

Sorry for bumping this without solid evidence but I feel like sharing. Also because willing something hard enough makes it so. 

Met a guy tonight...not a necessarily strong source and clearly someone for whose credibility I cannot vouch. That said, after multiple drinks he declared in no uncertain terms that DB will be moving to the southbank site eventually.

My friend and I rejoiced at the thought, then reminded ourselves this guy might be full of it. Oh well, we'll see.

[Bolles_Bull]

Spoke to a friend at UC Booth getting his MBA.  Currently the reputation for MBAs looking for IB jobs at DB, jax is the last place anyone wants to wind up.  I think simms is right, DB needs to step up its game for recrutiment purposes, IB jobs going to a suburban office park is a joke.

[CityLife]

Spoke to a friend at UC Booth getting his MBA.  Currently the reputation for MBAs looking for IB jobs at DB, jax is the last place anyone wants to wind up.  I think simms is right, DB needs to step up its game for recrutiment purposes, IB jobs going to a suburban office park is a joke.

That is a top 5 business school in the country. Its not like we get a ton of Ivy League caliber professionals in other fields here either. Would having a Southbank site make DB more attractive for elite IB's? Sure, probably, but I still don't think we would be on the radar of Harvard, MIT, Wharton type business grads.

[simms3]

^^^This is true.  Which is partially why I'm not as "optimistic" as some folks here are that institutions like DB are happily abandoning NYC for places like lil' ol' Jagsonville...everything about it could be a cost move.  Maybe they are trying to save on office and on salary, because a Gator is a lot less expensive than a Princeton Tiger (we're talking college), and a Nole is a lot less expensive than an HBS grad (MBA).

[edjax]

Well the bids on the property are due tomorrow at noon. Wonder if DB will be a player?

[spuwho]

The bid deadline was pushed out to July by JTA.

Per the Daily Record:

JEA was to announce Tuesday the companies that have submitted proposals to develop the land. However, Monday afternoon, a notice was sent out saying the new deadline for bids was noon July 1. The bids would be opened at 2 p.m. that day.

[edjax]

Hmm. Wonder if this is good or bad? Perhaps better as DB seemed to have been a fairly late entry in showing interest.

[spuwho]

I have no inside information and Simms could probably elaborate better than me, but a couple of thoughts come to mind:

- The publicity of Deutsche showing interest may have caused a late demand in getting a prospectus for the site.

- Usually delays are caused by inadequate number of responses to the original bid request.

[simms3]

^^^I'm not familiar with public RFPs.  Various agencies representing SF in some way shape or form have successfully issued many significant RFPs over the past 2 years, each one resulting in a selection and subsequent private development.  I haven't heard of one being delayed, so I don't know what that might mean.

However, in a public RFP process, I would imagine that legally all parties on the receiving end need to be treated equally and fairly.  DB probably can't get special treatment and it's not necessarily in JEA's or the public's best interest to have one applicant.

[edjax]

Per JBJ, an addendum was added which resulted in the delay. Seems like this has always been known, but either perhaps not included by error or being added to delay it for other reasons unknown.


The addendum provides more information about access to the property, which is only accessible via the adjacent Duval County Public Schools property, JEA spokeswoman Gerri Boyce said.

[ProjectMaximus]

I'm really thinking this is to give DB more time to get its proposal together. The more I hear the more it seems like DB is gonna be developing this site.

[thelakelander]

I hope you're right. DT and the urban core would surely benefit if DB ends up on that site.