Deutsche Bank considers Southbank in site search

[simms3]

The difference to BOA being that BOA has an exponentially larger presence in Uptown C than DB will ever likely have in DT or SS Jax.  ConAgra's position within DT Omaha, the size of the campus, and employment are likely far better comparisons, though I know the history of that ConAgra campus and I think a DB campus on an empty brownfield is already starting off to a better start. 

Having 2,000+ highly paid (for market) bankers in DT Jax, no matter where in DT Jax, is a huge plus that will have the same basic impact, whether it's in a new or existing high rise on the NB or SB, or a new campus on the edge of the SB.

[edjax]

With AT&T vacating 245k sq ft in the Everbank Center why not try and get them to move there?  Seems like with this space and other vacant space there it would have the space needed and actually bring these positions into the core.

[simms3]

DB would never put an office in such a shitty building.  If this were a larger city with expensive rents and lots of "average" class A towers, and DB held a "regional" office similar to all of the other bank offices in Jax (Wells Fargo for one), then I could see them moving into the Wells building or Riverplace Tower, etc etc, but not the Everbank Building which can't even attempt to call itself class A.  I would imagine that if DB were relocating their presence from the SS to downtown, they would want something flashy, new, and nice (something that doesn't really exist DT).

Furthermore, I thought DB had 2,000+ employees.  At banking employment density (think 1 employee per 250 SF, or more), then 245K square feet with an average 80s tower load factor of ~15% could support just over 800 employees comfortably (at that minimum ratio).  I would imagine that if DB were putting their entire presence in downtown, they would not want to be spread around several buildings on two sides of a river.

[tufsu1]

DB would never put an office in such a shitty building. 

yet AT&T and Everbank were willing to put their name on top of said "shitty" building

[thelakelander]

I work on the 14th floor of EverBank. I feel like a king.  I have six elevators to myself, while all the EverBank people wait in line to catch theirs.  Every other day or so, I have to share my personal elevator ride with one or two people.  I assume the floors in my range must be pretty empty.

[JHAT76]

I work on the 14th floor of EverBank. I feel like a king.  I have six elevators to myself, while all the EverBank people wait in line to catch theirs.  Every other day or so, I have to share my personal elevator ride with one or two people.  I assume the floors in my range must be pretty empty.

I work in this building as well.  Pre Everbank all elevators were free flowing.  These days be prepared to stop at every floor. 

[edjax]

^^well good to know ya all work in a shithole there

[edjax]

All kidding aside I would still try and lure them into the core.  If not the shitty Everbank Center, then maybe on the old City Hall site.  If not there how about build mid rise or more on Riverside in front of the new YMCA.  I think any of these would be better for downtown. 

[simms3]

I work on the 14th floor of EverBank. I feel like a king.  I have six elevators to myself, while all the EverBank people wait in line to catch theirs.  Every other day or so, I have to share my personal elevator ride with one or two people.  I assume the floors in my range must be pretty empty.

Now having the elevators all to yourself is always nice   I'm in the 3rd of 4 different elevator banks and the floors in my bank all have investment banking or real estate tenants, so there's really never a wait (for a 98% occupied building).  We own a 16 floor building filled with tech tenants who sit 1 employee to ~120 SF and they are all young and constantly in and out of the building - waiting for an elevator there sucks, not to mention you hit each floor.

[simms3]

DB would never put an office in such a shitty building. 

yet AT&T and Everbank were willing to put their name on top of said "shitty" building

First of all AT&T always occupies shit office.  Their Mobility campuses in and around Atlanta are no different, and the space they take in other cities is always 1960s-1980s vintage class B that has barely been updated, etc etc.

Second of all, Everbank maintains their HQ at 225 Riverside (if I recall the address), which is leagues beyond Everbank.  I'm guessing the staff they allocate to the two buildings are very different.  Everbank is also a local bank focused on totally different lines of business than DB.  DB is moving bankers from New York to Jax and trying to recruit MBAs.  They're going to want office space that is more similar to Everbank's HQ, not their staffing center.

There is nothing wrong with working in a shithole.  I've certainly worked in a shithole myself and it doesn't necessarily have any reflection on what you do for work.  But realistically, Everbank Center is a shithole of an office tower!


Some DB *regional* offices:

San Francisco (this is also the building I happen to work out of ):

http://stalliacapital.com/?page_id=43

Los Angeles (arguably one of the top 5 most prestigious addresses in LA):

http://www.archphotodesign.com/portfoliolist2-26/NewCommercial

Washington

http://www.nbm.org/media/slideshows/kevin-roche-images.html?page=8

Palm Beach (Royal Palm Way)

http://www.loopnet.com/Listing/17049243/350-Royal-Palm-Way-Palm-Beach-FL/

Miami (tower is comparable to Wells or Riverplace, though considered prestigious in the marketplace there)

http://taylormathisflorida.com/?p=535

Atlanta their various divisions are spread around different buildings in Buckhead, but all average class A towers.

Boston (also 2 buildings)

http://nerej.com/51088

http://www.1saze.com/support/pro/233-philip-johnson.html

Charlotte:

http://www.emporis.com/building/carillontower-charlotte-nc-usa

New York (lots of buildings)
120 W 45th (standard class A lobby with old school elevator turnstiles, which are generally needed for buildings with sensitive law/finance/insurance tenants)

http://slgreen.com/properties/view/120-west-45th-street/
1251 Sixth

http://www.greenbuildingsnyc.com/2013/06/27/x-y-and-z-1251-avenue-of-the-americas-completes-trio-of-leed-eb-ratings-on-sixth-avenue/
345 *Park* Ave

http://www.google.com/imgres?safe=off&sa=X&espvd=210&es_sm=93&biw=1680&bih=949&tbm=isch&tbnid=PdOFCvWIvcvxmM%3A&imgrefurl=http%3A%2F%2Fwww.glassdoor.com%2FPhotos%2FKPMG-Office-Photos-E2867_P4.htm&docid=5F-ZydTi79pHrM&imgurl=http%3A%2F%2Fmedia.glassdoor.com%2Fm%2F09%2F16%2F8d%2F15%2Fheadquarters-of-kpmg-on-345-park-avenue-in-new-york-ny-photo.jpg&w=273&h=500&ei=DaQrU7WVOIuEkQfB14CwBQ&zoom=1&ved=0CGYQhBwwBg&iact=rc&dur=820&page=1&start=0&ndsp=42
60 Wall St (corporate Americas)

https://www.db.com/medien/en/content/buildings_db_worldwide.htm
885 Third Ave (Lipstick Building)

http://cityscapenyc.photoshelter.com/image/I00006G2xhng99LA

Philadelphia
BNY Mellon Center, the banking building of Philly

http://www.panoramio.com/photo/30642705

Houston

http://www.thesquarefoot.com/listings/tx/houston/77002/downtown/700-louisiana-street/90382



Jacksonville (currently):

http://www.loopnet.com/Listing/18100496/8657-Baypine-Rd-Jacksonville-FL/


Everbank Center?  ::

http://www.beonespark.com/past_venues/21

Lobby:

http://www.metrojacksonville.com/article/2011-dec-everbank-coming-downtown-now-what

http://www.google.com/imgres?safe=off&espvd=210&es_sm=93&biw=1680&bih=616&tbm=isch&tbnid=MKx7XW8nzGDptM%3A&imgrefurl=http%3A%2F%2Fwww.eladnational.com%2Frentals%2Fatt_tower%2F&docid=dEQq4gxnrnf9tM&imgurl=http%3A%2F%2Fwww.eladnational.com%2Frentals%2Fatt_tower%2Fimages%2Fslide-3.jpg&w=940&h=511&ei=sqYrU7fRNYu7kQeh8IGQCA&zoom=1&ved=0CIsBEIQcMBM&iact=rc&dur=1457&page=1&start=0&ndsp=38



I think DB would go for something flashy, probably new and catered just to them, if they were serious both about recruiting and retaining talent (especially considering they need to attract 25-30 year old talent away from NYC, SF, Boston, etc and they don't have the university base or the traditional city with which to do that), and about making making Jax their #2 office in north america (let alone a move downtown).

[thelakelander]

^^well good to know ya all work in a shithole there

LOL, I split time between Jax and Central Florida, so I only have to suffer 2 days a week.

[thelakelander]

All kidding aside I would still try and lure them into the core.  If not the shitty Everbank Center, then maybe on the old City Hall site.  If not there how about build mid rise or more on Riverside in front of the new YMCA.  I think any of these would be better for downtown. 

I doubt DB wants to be in a DT highrise.  They'll end up off SR 9B before they head to the Northbank. A year ago, I was a part of a panel discussion that included a DB executive. One of the things they like about Jax is its lack of density.

Drexler of Deutsche Bank shared his views about "The Migration of Business from High Cost Urban Centers."

He said Deutsche Bank in 2010 moved 10 investment traders to Jacksonville and the move worked out so well that there are 220 investment bankers here now and that number "should double in the next 18 months."

"We realized we needed to reorient ... to a broader group of people," he said.

Drexler said Jacksonville was attractive because Florida does not impose a state income tax, it is a two-hour flight to New York and offers a quality of life.

"I've been here 18 months. I think from a business perspective the advantages of Jacksonville are quite profound," he said.

Comparing the area's attractiveness of the ease of transit to Davis's support of urban development, Drexler said the Deutsche Bank investment bankers like the quality of life in a more open setting.

"I like to be able to drive where I want and park in front," he said.

http://www.jaxdailyrecord.com/showstory.php?Story_id=538565

[edjax]

^^yea I really think this is all about nothing and they will not opt for flashy and stay in the burbs.  Maybe they are moving away from the expensive flashy addresses.  One of their stated reasons for expanding in Jax is because of the lower costs.  Maybe finally those frugal German ways are kicking in.

[tufsu1]

they can easily move to the southbank and still have a suburban style campus with convenient access and parking

[Stephen]

It would be nice if they would build a signature tower like the one in Frankfurt but no matter where they go 2000 jobs is a game changer...2000 houses or apartments etc ....could be very good for Jacksonville...an October Fest in Metropolitan Park...St.John the Divine Greek Orthodox Church is planning to have a GreekFest this year and hopefully every year..We are planning a new Church building.