– An apartment building in Jacksonville is about to become the new home of one of Florida’s most celebrated artists.
Jacksonville Mayor Chris Lehrman announced the decision Tuesday to sell the former The Blue Lagoon for $2.1 million, which he estimates is more than $300,000 above its asking price.
The city is selling the building because the city cannot afford the upkeep and construction of the new apartment building, which is expected to open later this year.
“The Blue Lagoo has a wonderful history,” Lehrmann said in a statement.
“Its an important part of the history of Jacksonville and our city and the city will always be a part of it.
But I am also excited about the possibilities of the future and I look forward to the future of the Blue Lago as well.”
The Blue Lakefront Apartments were built in 1962 on land leased from the city of Jacksonville.
In 2000, the former Blue Lagunas was acquired by the city for $735,000.
The former Blue Lakeview Apartments was built in the early 1980s, but a series of changes to the building’s design have made it less suitable for residential use.
The City of Jacksonville is selling its lease to the owner of the former buildings for $850,000, which means the city would have to pay the full amount of the sale price to keep the apartments.
Lehrman said he has not finalized the terms of the agreement with the seller.
The Blue Lakeside Apartments in Jackson will remain vacant.