701 San Marco Blvd. is an office tower in Jacksonville.
701 San Marco is a Jacksonville office property.
The plans represent a substantial investment in the property.
A New Look for a 1985 Landmark
701 San Marco was constructed in 1985 as Two Prudential Plaza and designed by local architectural firm KBJ Architects, according to The Jaxson. The publication lists it as the fourth-largest office building in Downtown Jacksonville by floor area, with 742,713 square feet divided between a 19-story east tower and a seven-story west wing connected by a pedestrian walkway.
Chicago-based landlord Bradford Allen has planned improvements for the property.
The plans are intended to modernize the office tower and its shared facilities.
Planned Improvements at 701 San Marco
The planned work would update the building as Bradford Allen oversees the property.
CoStar reported that Bradford Allen acquired the 706,746-square-foot property for $70 million when it was 60% leased. The reported anchor tenants included Prudential and Interline Brands.
The CoStar report also identified the U.S. Army Corps of Engineers as an anchor tenant.
Property Modernization Plans
Bradford Allen’s plans focus on updating the 701 San Marco property.
The building has an adjacent garage and surface parking with more than 2,200 spaces.
The planned improvements come as Downtown Jacksonville’s office market continues to contend with elevated vacancy.
Jacksonville Office and Public-Realm Context
According to Jacksonville Today, citing Downtown Vision Inc.’s annual State of Downtown Report, offices in Jacksonville’s urban core had a 27.4% vacancy rate, compared with a national average of 18.5%. As a local renovation precedent, the publication reported that owners of the then-Wells Fargo Center completed a $12.5 million renovation of that building’s lobby, cafe and common amenity area in 2021. The City of Jacksonville’s I Dig Jax initiative lists the Southbank Riverwalk Eastern Extension as scheduled to open by mid-December 2025, providing nearby public-infrastructure context for 701 San Marco.
