JACKSONVILLE, Fla. – The National Guard Armory Building in Springfield is one step closer to being sold for redevelopment, according to News4JAX news partner the Jacksonville Daily Record.
During meetings on Jan. 5, two Jacksonville City Council committees endorsed legislation to sell the 2.49-acre property in Springfield to Armory Redevelopment Associates LLC for $3.04 million.
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The legislation is now headed to the Finance Committee on Tuesday, and if that committee approves the ordinance without further revisions, it would go before the full council for a vote.
According to the Daily Record, the original proposed sale price for the property at 851 N. Market St. was $2.55 million, but the Neighborhoods, Community Services, Public Health and Safety Committee thought that was too low.
Armory Redevelopment Associates agreed to raise the purchase price by $496,537.10, the amount of a grant it previously received from the city, the Record reported.
Armory Redevelopment Associates, which began leasing the property in 2020, is a subsidiary of REVA Development Corp. of Fort Lauderdale, which was chosen by the city in 2019 to redevelop the Armory into a mixed-use facility with art galleries and studios, co-working spaces, a food hall, performance space and a microbrewery.
REVA has not said they have changed those plans, according to the Record.
For more on the potential sale, go to JaxDailyRecord.com.