JACKSONVILLE, Fla. – In a JEA board meeting Tuesday, the old 19-story tower electric authority building was declared as surplus, which allows it to be put on the market for sale, according to the Jacksonville Business Journal (JBJ).
The provision for the sale must come back to the JEA board for approval.
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JEA public information officer Karen McAllister said the property’s future development will likely be residential.
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The JBJ said, “Office to residential conversions are rare in Jacksonville due to large floor plates that leave dead space in the middle. But in this case, the floorplates lend themselves to redevelopment, similar to other adaptive reuses downtown.”
The main goal is to ensure the buildings do not remain vacant for a long period of time and to support economic development downtown.
There is not a current price tag set on the property yet.