City of Jacksonville Finance Committee Meeting Minutes 2026-06-02
JEA Sells HQ Downtown to Jewel at 21 West LLC
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Description
JEA, with City approval, will sell its former headquarters in downtown Jacksonville to Jewel at 21 West, LLC for $1 million, substantially below the appraised value of $14.975 million. The developer plans to pursue further incentives for redevelopment.
Contract Details
Contract Amount
$1,000,000 purchase price for property (appraised value $14,975,000)
Vendor
JEWEL AT 21 WEST LLC
Agency
City of Jacksonville, FL
Contract Type
OTHER
Document Date
June 2, 2026
Renewal Info
One-time property sale at below-market value under unique City Charter authority. Transfer contingent upon City and utility approvals.
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