BNY Mellon Announces Major Expansion in Orlando’s Lake Mary

Growing its presence in the Orlando region, BNY Mellon (NYSE:BK) announces a substantial expansion of its real estate footprint in Lake Mary. The company plans to make considerable investments in the creation of a unified campus across two locations, creating a significant number of new jobs for the region.

“Lake Mary is an important location for us globally, and we believe in the local community and its top talent,” said Alejandro Pérez, chief administrative officer at BNY Mellon. “We’re excited to continue expanding our presence in Florida and remain committed to serving our clients across the state.”

The project expands BNY Mellon’s Lake Mary location by 200,000 square feet, which includes cutting-edge office space at 600 Colonial Center Parkway and the renovation of an additional 100,000 square feet at 300 Colonial Center Parkway.

Complementing the physical expansion, BNY Mellon aims to transform the working environment for its staff with collaborative workspaces, a full-service cafeteria, a state-of-the-art conference center, a premium coffee bar, and wellness facilities that include a gym and dedicated spaces for nursing mothers. The comprehensive renovation project is set to be completed by 2024.

“BNY Mellon’s vision for growth in Lake Mary marks a significant milestone for Seminole County, once again confirming our position as a prime location for global businesses seeking to thrive,” said District 5 Commissioner Vice-Chair Andria Herr. “This expansion not only enhances the county’s business ecosystem but also reinforces our commitment to providing a robust environment for job creation and prosperity. Seminole County looks forward to the positive impact this endeavor will have on our community and welcomes BNY Mellon’s continued presence and contributions to our vibrant and growing community.”

Florida Commerce played a pivotal role in facilitating this expansion, emphasizing our region’s commitment to supporting business growth. The move not only creates job opportunities but also injects economic vitality into the state.

BNY Mellon established its presence in Lake Mary in 2001 and has since increased its presence in the region to approximately 1,200 employees. The company also has several Wealth Management branches throughout Florida.

The Orlando Economic Partnership (OEP) first engaged with BNY Mellon senior bank officials during a 2022 economic development mission to New York. Following discussions centered on opportunities for BNY Mellon to expand its existing facility in Lake Mary, the OEP’s economic development team provided comprehensive research, market analysis and incentives counsel to make the business case for the region.

“The Orlando Economic Partnership is thrilled to see BNY Mellon’s expansion in Lake Mary, a move that underscores the region’s economic vibrancy as a global business hub,” said Tim Giuliani, OEP president and CEO. “This strategic partnership aligns with our mission of advancing Broad-based Prosperity® to foster inclusive economic development and stimulate job opportunities for all while solidifying the region’s reputation as a dynamic and thriving business destination.”