Author Topic: JEA Selects Downtown For New Corporate Headquarters  (Read 4108 times)

thelakelander

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Re: JEA Selects Downtown For New Corporate Headquarters
« Reply #45 on: May 24, 2019, 11:50:26 AM »
That's JEA's plan now from what I understand.
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thelakelander

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Re: JEA Selects Downtown For New Corporate Headquarters
« Reply #46 on: May 24, 2019, 11:57:36 AM »
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JEA plans to put its current headquarters building, which includes two towers and a parking garage, up for sale. The Jacksonville Historical Society put the building on its list of the city’s “most endangered buildings” that calls attention to structures that are historically significant and are in danger of being lost.

https://www.jacksonville.com/news/20190402/jea-board-selects-new-hq-site-near-courthouse


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JEA anticipates $1 million in operating and maintenance savings by selling the properties, which include 9201 Atlantic Boulevard (five acres), 13601 Normandy Boulevard (305 acres), JEA's downtown office tower and parking space and 4215 Talleyrand Avenue (48 acres).

https://www.bizjournals.com/jacksonville/news/2019/03/26/jea-to-sell-100-million-in-real-estate.html


Quote
Howard said JEA will sell the Church Street headquarters as part of a larger divestment strategy that could result in $100 million of unused or excess JEA real estate being sold.

“If we could sell it tomorrow and lease it for three years while the new office is being built, we’d do it,” Howard said.

The campus includes the 19-story tower and a six-level customer service center built in 1967. JEA has occupied the space since 1988.

https://news.wjct.org/post/business-brief-why-adams-street-prevailed-jeas-choice-new-headquarters
« Last Edit: May 24, 2019, 11:59:31 AM by thelakelander »
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acme54321

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Re: JEA Selects Downtown For New Corporate Headquarters
« Reply #47 on: May 24, 2019, 01:18:36 PM »
I doubt it but I'd bet whatever the number is, it would be cheaper than demolishing the structure and building the same amount of square footage and parking on the site from scratch. As long as this building goes into private hands, reuse will be fully vetted. It's when things fall into COJ's hands, with people making decisions with other's money (ex. tax money) is where politics get into pay at the expense of actual market feasibility.

To confirm, now that Ryan Companies is buying the lot for the new building, the "land swap" thing that was discussed a while back is off right? In other words, JEA could do the right thing and just RFP the existing building right?

They don't have to put out an RFP for anything.  They're just going to sell the building to whoever ponies up the cash.