City of Jacksonville Finance Committee Agenda 2026-06-02
JEA Headquarters Sold To Jewel at 21 West For $1M
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Description
JEA received City approval to sell its former headquarters buildings at 21 W. Church Street and 421 Laura Street to Jewel at 21 West, LLC for $1 million, significantly below the appraised value of $14.975 million. The purchaser plans to seek downtown incentives from the DIA and the City as part of the property’s redevelopment.
Contract Details
Contract Amount
$1,000,000 purchase price; appraised value of property is $14,975,000
Vendor
JEWEL AT 21 WEST LLC
Agency
City of Jacksonville, FL
Contract Type
FACILITIES
Document Date
June 2, 2026
Renewal Info
One-time property disposition; no renewal provisions.
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