The Duval Schools headquaters building on Prudential Drive. | Megan Mallicoat, Jacksonville Today
Published on February 12, 2026 at 11:52 am
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The deal to sell Duval Schools’ headquarters building to local developer Chase Properties has fallen through.
Chase CEO Mike Balanky tells Jacksonville Today that his company made the decision “after discovering the existence of a substantial Community Development District encumbrance that was not disclosed during the solicitation, appraisal or negotiation process.”
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Because the sale agreement was terminated, Duval Schools also has chosen to back out of its deal to purchase a new headquarters building on Prominence Parkway in Baymeadows.
A Duval Schools spokesperson says “no new timeline has been established for future proposals or decisions.” The district’s administrative offices will stay on Prudential Drive for the time being.
The School Board voted in November to sell the building to Chase Properties, after deciding against a deal to sell it to retirement community developer Fleet Landing.
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Balanky says Chase Properties does not believe individual School Board members were aware of the CDD issue. “Based on our understanding, the failure appears to have occurred at the administrative, broker, and consultant level during prior land transactions and entitlement processes,” he said.
