The mayor's office intends to vacate tenants and demolish the structure.
The city of Jacksonville officially took ownership of The Jacksonville Landing on Wednesday morning from Jacksonville Landing Investments LLC, a subsidiary of Sleiman Enterprises Inc., according to city Director of Public Affairs Nikki Kimbleton.
The action triggers Mayor Lenny Curry's plans for a 90- to 120-day process for current tenants to vacate the property and for the city to plan a path to demolish the structure and redevelop the property.
The Landing acquisition follows a settlement with Sleiman Enterprises that includes a $15 million long-term lease buyout.
In March, City Council earmarked $1.5 million to demolish the Landing.