JACKSONVILLE, Fla. \u2014 Four competing proposals have emerged for the future of the Duval County School Board\u2019s Southbank headquarters property, ranging from luxury apartments to a proposed $2 billion skyscraper that would become the tallest building in Jacksonville.<\/p>\n
The offers come months after the district\u2019s original plan to sell the waterfront property fell apart. In February, Jacksonville developer Chase Properties backed out of a $17.5 million deal, accusing the district of failing to disclose additional fees associated with the site.<\/p>\n
>>> STREAM ACTION NEWS JAX LIVE <<<<\/a><\/p>\n Among the new proposals is an ambitious plan from Jacksonville resident Ade Ogunjobi, who submitted a letter of intent under Petition Scotus and Humanity Publication Corp. The proposal calls for the construction of the \u201c5 World Market Tickets Tower,\u201d a 1,000-foot-tall skyscraper that would feature an online shopping network headquarters, a trading floor lobby, office suites, and 10 luxury penthouses priced at $100 million each.<\/p>\n Petition Scotus and Humanity Publication Corp. <\/a> by ActionNewsJax <\/a> <\/p>\n The proposal would surpass every building in Jacksonville in height. Ogunjobi said the project would be funded through book and gift card sales, stocks, and investment bonds. Payment options include a $20M cash offer, both with and without a ten percent ownership stake in the development, and a $50M corporate note that also includes a ten percent stake.<\/p>\n Questions remain about the proposal\u2019s viability. Public records show Ogunjobi was involved in a 2002 Securities Exchange Commission case in which a judge permanently blocked an attempted multi-trillion-dollar corporate takeover after determining the company behind the effort had no assets or revenue. <\/p>\n When reached by phone, Ogunjobi downplayed the decades-old court order, saying he was young at the time and still hopes to become an entrepreneur. He also said his primary focus is on a planned run for President of the United States in 2028, rather than the skyscraper project.<\/p>\n [DOWNLOAD: Free Action News Jax app for alerts as news breaks<\/a>]<\/p>\n The remaining proposals envision more conventional redevelopment plans.<\/p>\n Central Florida-based developer The Bainbridge Companies is offering $15.5 million to transform the site into a five-story luxury apartment community with at least 350 market-rate units.<\/p>\n Jax Southbank (4.87 Acres) LOI 3-31-26 DS3 <\/a> by ActionNewsJax <\/a> <\/p>\n Jacksonville commercial real estate firm Ashco submitted two separate offers. One would provide the district $16.5 million in cash while dividing the property into two lots. <\/p>\n VX Ashco Letter of Intent – Version a – Duval County School Board – 2026.03.31-2 <\/a> by ActionNewsJax <\/a> <\/p>\n The second would pay $9 million for the main headquarters parcel alone. Neither proposal specifies what would ultimately be built on the site.<\/p>\n VX Ashco Letter of Intent – Version B – Duval County School Board – 2026.03.31-2 <\/a> by ActionNewsJax <\/a> <\/p>\n School board members have not yet publicly indicated whether they view Ogunjobi\u2019s proposal as a serious contender among the four offers submitted for the property. Action News Jax reached out to board members for comment and is awaiting responses.<\/p>\n [SIGN UP: Action News Jax Daily Headlines Newsletter<\/a>] <\/p>\n Click here<\/a> to download the free Action News Jax news and weather apps, click here<\/a> to download the Action News Jax Now app for your smart TV and click here<\/a> to stream Action News Jax live.<\/p>\n","protected":false},"excerpt":{"rendered":"JACKSONVILLE, Fla. \u2014 Four competing proposals have emerged for the future of the Duval County School Board\u2019s Southbank…\n","protected":false},"author":2,"featured_media":303033,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[982,643,127153,12909,18583,639,25176,12771,116,118,117,634,127157,127154,127156,127155,6176],"class_list":["post-303032","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jacksonville","tag-action_news","tag-action_news_jack","tag-ade_oganjovi","tag-deja","tag-deja_mayfield","tag-duval_county","tag-duval_county_school_board","tag-duval_county_school_district","tag-jacksonville","tag-jacksonville-headlines","tag-jacksonville-news","tag-local","tag-oben_jobi","tag-ogan_jobi","tag-oganjobi","tag-securities_exchange_commission","tag-south_bank"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/303032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=303032"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/303032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/303033"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=303032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=303032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=303032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}