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Credit Union

Navy Federal

Pensacola, FL


ASD, Inc.


Hensel Phelps Construction Company

About this Project

Florida has the third largest finance and insurance cluster in the nation. Most of the nation’s leading financial and professional services companies have established large operations in Florida to take advantage of its global connectivity, experienced workforce, and favorable business climate.

This project includes the construction of two buildings that will be home to 5,000 new positions. The two multi-story office buildings that should be complete by 2016 will house 1,500 employees. Navy Federal has created more than 2,100 jobs and invested more than $250 million in capital in Florida as a result of competitive economic development projects. In total, the company plans to employ more than 10,000 and create $1 billion in capital investments in the state.

Phase 1 will include one multi-wing office building, a central energy plant, a parking deck, surface parking areas, and associated connecting bridges, roads, walking paths, stormwater retention and infrastructure.

The office building will be constructed as two wings with a central commons area connecting the two. Each office wing will be approximately 147,153 SF, to accommodate 1,000 occupants per wing. Each wing will have a raised access floor system for air distribution similar to those existing on campus. The 68,316 SF commons building will house a café, a coffee shop, conference rooms, training rooms, a small fitness center, and a 23,864 SF mechanical penthouse. A 347,500 SF parking garage will be constructed adjacent to the office building and is expected to hold approximately 920 +/- parking spaces.

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