City National Bank of Florida Opens New Headquarters in Coral Gables

New Headquarters of City National Bank

News Summary

City National Bank of Florida is relocating to a new headquarters in Coral Gables, marking a significant development in South Florida’s commercial real estate. The bank will occupy the former Bacardi building at 2701 South Le Jeune Road, which is being transformed into the City National Financial Center. This move aims to consolidate operations and foster collaboration among over 800 employees, with an expansion plan to grow the workforce by 20% over the next eighteen months. Modern renovations are underway to enhance the facilities and create a vibrant work environment.

City National Bank of Florida Sets Up Camp in Coral Gables

Exciting news is bubbling in Coral Gables! City National Bank of Florida is all set to open its brand-new headquarters in this beautiful area, marking a significant moment in South Florida’s commercial real estate landscape. This move marks the largest office lease so far for 2025 and is sure to make waves in the business community.

The New Digs

So, where exactly will this grand headquarters be located? The bank has chosen to take up residence in the former Bacardi flagship building, which sits prettily at 2701 South Le Jeune Road. Spanning an impressive 145,000 square feet, the building will be rebranded as the City National Financial Center. Considering its size and significance, this new headquarters is designed to accommodate a large number of employees while fostering growth and collaboration among various teams.

Bringing Teams Together

Presently, the bank operates with around 800 staff members in Miami-Dade County, but that’s about to change! The plan is to consolidate all the operations into the new headquarters by next year. This fresh move aims to enhance teamwork and streamline operations as multiple business lines come together under one roof. And it’s not just about the banking side of things! Internal operations, including human resources and information technology, will also find their new home in this vibrant center.

A Modern Makeover

What’s even more exciting is that the building is currently undergoing a multimillion-dollar renovation. Completed in 2009, this 16-story marvel is getting a modern facelift, featuring a revamped lobby and common areas. Plus, look forward to a state-of-the-art conference center, a fitness center to keep employees healthy, and even a café to grab a quick bite during busy workdays. Don’t forget the new Client Experience Center, designed to welcome clients and serve their needs effectively.

A Bright Future Ahead

City National Bank’s operations are set to flourish in the new Coral Gables headquarters. As the second-largest bank in South Florida with assets totaling around $27 billion, the bank has grand plans. Over the next eighteen months, they’re focused on expanding their workforce by an impressive 20%. This focus on growth comes at a time when many companies are slowing down their expansion in South Florida’s office market.

From Old to New

Prior to this exciting change, City National Bank had its headquarters at Miami Tower and has been leasing that space since 2018. Before that, it was situated at 25 West Flagler Street in downtown Miami. With a history dating back to 1926, the bank has come a long way from its early days focused on small business loans. Recent investments include launching a national capital markets division and expanding its reach across multiple counties in Florida.

What Lies Ahead

With all these changes in the works, City National Bank of Florida is leaping into a promising future. The exciting transition to the new City National Financial Center not only provides a fresh workspace but also emphasizes a commitment to innovation and expansion within the banking sector. Residents of Coral Gables and those in nearby communities can anticipate great things as the bank settles into its new headquarters!