Newspaper article The Florida Times Union

American Heritage Making Plans for Another Building

Newspaper article The Florida Times Union

American Heritage Making Plans for Another Building

Article excerpt

American Heritage Life Insurance Co. is a step closer to construction of a major office expansion that will add another five-story building to its Southside campus.

The company, recently bought by Allstate Corp., is making plans for an expansion that would exceed 50,000 square feet, according to plans filed with the city Concurrency Management System Office and the St. Johns River Water Management District.

Such growth would fulfill predictions by American Heritage and Allstate executives who said at the July merger announcement that expected job growth would spark construction of another building at the San Pablo Road and Butler Boulevard campus.

"We are continuing to evaluate that, and we'll pull the trigger when we need to, but most likely that is going to be after the first of the year, sometime in 2000," said Richard Morehead, president and chief executive officer of American Heritage.

The concurrency filing estimates the 52,900-square-foot project at $4.75 million, and also indicates the expansion could generate 200 jobs.

That's in line with what executives said in July when they predicted potential job growth of 225 to 250 positions through the next year.

Morehead said yesterday he expects it would take a year to complete the new building. "As we continue to grow, [we would] be filling those additional positions," he said.

The Stellar Group is the project agent.

American Heritage employs 632 people in its home office -- the eight-story, 140,000-squarefoot main building and a 40,000-square-foot nearby structure in Southside.

Including subsidiaries, American Heritage employs 814.

Allstate Life Insurance Co. President Tom Wilson said in July the company hoped to "add lots more jobs, lots more buildings" at the site.

At the same time, Allstate Life Chairman Louis Lower hinted at adding a building the size of the main offices, based on demand. …

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