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Florida Scoop · Jul 18, 2026

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The city of Miami could sell the historic office of Dr. James Jackson, the first physician in the city, to a company led by billionaire Kenneth C. Griffin, who is building an office tower with Citadel’s headquarters next door. However, the Dade Heritage Trust would keep its land lease for the site and the Dr. Jackson building, which was built in 1905. On July 23, the City Commission will consider selling the 6,000-square-foot Dr. Jackson site at 190 S.E. 12th Terrace for $2.98 million to 1250 BB Asset Co LLC, a company led by Griffin that owns a neighboring property. The buyer agreed to keep the existing lease with the Dade Heritage Trust in place. According to a staff memo, the city obtained two appraisals from state-certified appraisers to arrive at the price. The city would use the funds toward making needed repairs to the Brickell Key Bridge. The city manager would draft the final terms of the sales contract. The memo also said competitive bidding is not required when the city decides to sell a non-waterfront property to an adjacent property when the subject property is less than 7,500 square feet and is non-buildable. "We are in active discussions with the DHT and city of Miami about a long-term preservation plan," a Citadel spokesperson said.

The city of Miami could sell the historic office of Dr. James Jackson, the first physician in the city, to a company led by billionaire Kenneth C. Griffin, who is building an office tower with Citadel’s headquarters next door. However, the Dade Heritage Trust would keep its land lease for the site and the Dr. Jackson building, which was built in 1905. On July 23, the City Commission will consider selling the 6,000-square-foot Dr. Jackson site at 190 S.E. 12th Terrace for $2.98 million to 1250 BB Asset Co LLC, a company led by Griffin that owns a neighboring property. The buyer agreed to keep the existing lease with the Dade Heritage Trust in place. According to a staff memo, the city obtained two appraisals from state-certified appraisers to arrive at the price. The city would use the funds toward making needed repairs to the Brickell Key Bridge. The city manager would draft the final terms of the sales contract. The memo also said competitive bidding is not required when the city decides to sell a non-waterfront property to an adjacent property when the subject property is less than 7,500 square feet and is non-buildable. "We are in active discussions with the DHT and city of Miami about a long-term preservation plan," a Citadel spokesperson said.

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