The city of Jacksonville is considering the sale of the former National Guard Armory building in Springfield to its lessee, according to a memo from the Office of Economic Development to the Mayor’s Budget Review Committee.
The memo, set for consideration by the MBRC on Oct. 27, requests authorization to file Council legislation for a purchase and sale agreement for the 2.02-acre property with Armory Redevelopment Associates, LLC, which began leasing the property at 851 N. Market St. in 2020.
The memo states that Armory Redevelopment Associates wants to purchase the property at a price listed in a 2022 amended lease with the redeveloper’s parent organization, REVA Development Corp. of Fort Lauderdale,…