Florida Power & Light has put its Northwest Florida headquarters, One Energy Place, on the market. The 250,000 sq. ft. building is subject to offer, according to its SVN Southland Commercial listing.
Here is the complete description:
One Energy Place is a premier Class A, five-story office building totaling approximately 250,000 sf on 13+ acres of prime waterfront real estate overlooking Pensacola Bay. Strategically positioned within minutes of Downtown Pensacola, this iconic property represents one of the largest contiguous office assets on the Gulf Coast and offers exceptional potential for corporate headquarters use, mixed-use redevelopment, or institutional investment.
Originally constructed as a flagship corporate facility, One Energy Place features modern architectural lines, expansive glass facades, a grand lobby, structured parking, and sweeping water views from nearly every floor. The property is currently 100% vacant, providing a blank canvas for a wide range of adaptive re-use opportunities.
Location Description
One Energy Place occupies one of Pensacola’s most prestigious waterfront sites—13 acres overlooking Pensacola Bay at the doorstep of the downtown core. The property combines unmatched bayfront views with immediate access to Palafox Street, the Community Maritime Park, and Pensacola’s growing business, tech, and healthcare districts. With Interstate-110 less than a mile away and the Pensacola International Airport minutes from the site, One Energy Place offers exceptional regional connectivity in a secure, private campus environment. Its rare blend of waterfront acreage, Class A infrastructure, and walkable downtown proximity makes it one of the premier corporate or redevelopment opportunities in the Gulf South.
Highlights
- Rare Waterfront Office Campus: Over 13 acres of developable land with direct views of Pensacola Bay.
- Institutional-Quality Construction: Class A systems, concrete structure, and flexible multi-tenant floor plates.
- Redevelopment Potential: Ideal for repositioning as corporate HQ, life sciences campus, technology hub, medical complex, or mixed-use development incorporating hotel, residential, or sports/recreation facilities.
- Market Momentum: Downtown Pensacola and the waterfront corridor continue to experience significant investment, including new hotel, residential, and hospitality projects that enhance the site’s long-term value.
- Accessibility: Immediate proximity to U.S. Highway 98, Pensacola International Airport, and Downtown’s dining, entertainment, and cultural amenities.
The Week’s Podcasts – Longform Audio
My interviews this week:
- State Rep. Alex Andrade accusing AG James Uthmeier of stealing $16M from taxpayers.
- UWF Coach Stephanie Yelton on UNC coaching legend, Sylvia Hatchell.
- Hale Morrissette on what’s wrong with Mayor Reeves’ development advisory recommendation.
- LifeView CEO Allison Hill on a significant gift from the Covenant Care Foundation.
Weekly Roundup: Touting ‘Floridians First’
Recap and analysis of the week in state government and politics
By Jim Turner, The News Service of Florida
TALLAHASSEE — While lawmakers focused this week on issues such as artificial intelligence and property taxes, Gov. Ron DeSantis offered his final budget proposal.
DeSantis on Wednesday rolled out a $117.36 billion plan for the 2026-2027 fiscal year that includes such things as increased money for teachers and law-enforcement officers.
DeSantis, who can’t run for another term next year, said the proposal “builds off the success that we’ve had” during his time as governor.
Among other things, it would boost spending for cancer research spearheaded by First Lady Casey DeSantis and funding for the Florida State Guard. Also, a bill linked to the budget would lead to New College of Florida assuming control of the University of South Florida Sarasota-Manatee campus.
The budget proposal would maintain funding for the Visit Florida tourism-marketing agency at $80 million and increase from $25 million to $50 million the amount going to the state’s Job Growth Grant Fund, which the governor can use for regional infrastructure projects or workforce training.
“This budget’s entitled ‘Floridians First’ because that’s the focus of it. It’s putting our people first and making sure we’re good stewards, but also making sure that folks, that the needs that we have are being addressed,” DeSantis said during an event at the Dr. Phillips Center for the Performing Arts in Orlando.
The proposal is an initial step as lawmakers prepare to negotiate a budget during the 2026 legislative session, which will start Jan. 13. The budget will take effect July 1.
A WEEK OF AI
The sixth and final pre-session committee week included House panels looking at the impacts of artificial intelligence in a variety of areas, from insurance and education to the workforce and data centers.
The discussions came as President Donald Trump moved forward with an executive order that seeks to put the federal government — instead of states — in charge of regulating AI.
“There must be only One Rulebook if we are going to continue to lead in AI,” Trump posted Monday on Truth Social, before signing the executive order on Thursday.
DeSantis, who has objected to the possibility of the federal government preempting state AI regulations, said in an online post that a Trump executive order couldn’t preempt state legislative action.
“Congress could, theoretically, preempt states through legislation,” DeSantis posted on X. “The problem is that Congress hasn’t proposed any coherent regulatory scheme but instead just wanted to block states from doing anything for 10 years, which would be an AI amnesty. I doubt Congress has the votes to pass this because it is so unpopular with the public.”
Senate President Ben Albritton, R-Wauchula, told reporters Monday that if “AI can help us defend this country more readily and more efficiently, I’m all in. So globally, I think the president has a great perspective on it.”
Albritton also said, “What I appreciate about where the governor is coming from is he’s got concerns about how it impacts Floridians on a personal or individual basis and making sure that those liberties are protected.”
In a statement, House spokeswoman Amelia Angleton said, “Our intention is to have a thoughtful discussion about AI in various policy areas and look at how current or potential uses align or misalign with Florida’s laws. Any conversation about a larger regulatory framework should be had at the federal level not in the states.”
TAX PROPOSAL TEED UP
Weeks after House Speaker Daniel Perez, R-Miami, announced eight proposals to eliminate or reduce property taxes for homeowners, one of the measures is ready to go to the full House after lawmakers start the 2026 session.
The Republican-controlled House Ways & Means Committee voted 10-5 along party lines Wednesday to approve a measure (HJR 209) that seeks to give a bigger homestead tax exemption to owners of insured homes.
“About 16.9 percent of the population, who has a homestead exemption, does not have a property insurance policy,” Rep. Demi Busatta, R-Coral Gables, said of her proposal that ultimately would require voter approval in November 2026.
Charles Chapman, legislative consultant for the Florida League of Cities, pointed to concerns about how tax revenue lost under the proposal would affect municipal services.
“Without a viable revenue replacement plan, cities will be faced with some very tough choices to fund the services which make our communities special to our residents,” Chapman said. “In truth, reducing homestead property taxes shifts the tax burden to others.”
The state Revenue Estimating Conference projected the proposal would annually cut local government revenue by $8.6 billion.
ABORTION DRUGS TARGETED
Florida and Texas this week filed a federal lawsuit in Wichita Falls, Texas, challenging more than two decades of U.S. Food and Drug Administration decisions that cleared the way for the use of abortion drugs.
The lawsuit focuses on mifepristone, a drug that stops pregnancies. Another drug, misoprostol, is used to induce contractions and cause women’s bodies to expel tissue.
The filing by Florida Attorney General James Uthmeier and Texas Attorney General Ken Paxton contends the availability of drugs that are shipped has interfered with state laws designed to prevent abortions.
“Absent the relief sought in this lawsuit, defendants’ actions will continue to encourage the violation of plaintiffs’ laws and will harm plaintiffs’ sovereign interests in the enforcement and enactment of their laws,” the lawsuit said.
The American Civil Liberties Union blasted the lawsuit, which it said is one of three cases across the country targeting mifepristone. Mifepristone is used in about two-thirds of U.S. abortions, the ACLU said.
“These lawsuits have nothing to do with the safety of this medication and everything to do with making it harder for people to get an abortion,” Julia Kaye, senior staff attorney with the ACLU’s Reproductive Freedom Project, said in a statement.
STORY OF THE WEEK: Gov. Ron DeSantis released a $117.36 billion budget proposal for the 2026-2027 fiscal year, which will start July 1.
QUOTE OF THE WEEK: “We don’t control the outcome of that discussion.” — University of South Florida Board of Trustees Chairman Will Weatherford on Gov. Ron DeSantis’ proposed transfer of the University of South Florida’s Sarasota-Manatee Campus to New College of Florida.
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