The City of Jacksonville is moving forward with significant real estate transactions that could reshape the Riverfront area. During the Committee of the Whole meeting on May 21, 2025, city officials discussed the acquisition of the 801 West Bay property and the exchange of Riverfront Plaza Pad B, both of which are pivotal to future development plans.

The city plans to acquire the 801 West Bay property, a 2.85-acre site currently housing a 36,000 square foot office building, with an appraised value between $6.35 million and $9.5 million. The acquisition is set to close as early as July 2025, aligning with agreements made with the University of Florida, although it can be delayed until December 20, 2025, if necessary.

In exchange, the city will convey Riverfront Plaza Pad B, a 1.21-acre undeveloped site appraised at $3.41 million. This parcel is currently not generating tax revenue and is constrained by the surrounding park. The timing for this exchange mirrors that of the 801 West Bay acquisition, ensuring a synchronized transaction process.

The proposed development for Riverfront Plaza Pad B includes a mixed-use high-rise that features residential units, hotel space, and public outdoor areas. This design aims to enhance the area while preserving views from nearby buildings, such as the Wells Fargo building. The project also includes an open plaza that would provide outdoor seating for restaurants, further integrating the development with the park.

Additionally, the East Landing parking lot, another exchange parcel valued at $1.62 million, was discussed. This site is also developed but constrained by various easements. Notably, the city has shifted the financial responsibility for removing a ramp from the Main Street Bridal to the prospective developer, ensuring no additional costs fall on the city.

These developments signal a strategic effort by the City of Jacksonville to revitalize the Riverfront area, potentially boosting economic activity and enhancing public spaces. As these plans progress, the city aims to create a vibrant community hub that benefits residents and visitors alike.