Ordinance 2025-723, filed on October 24, 2023, proposes a land swap between the City of Jacksonville and Regency Centers, Inc. Under this proposal, the City of Jacksonville would acquire approximately 1.76 acres at 9510 Regency Square Blvd N from Regency Centers, designated for the construction of a future fire station. In return, the City would convey approximately 3 acres of its property on Atlantic Boulevard, situated south of Regency Square Mall, to Regency Centers. Regency Centers intends to develop this conveyed parcel into an expansion of its existing retail site. The transaction is valued at an estimated $2.6 million. The City Council Finance Committee recommended approval of this ordinance with a 6-1 vote.