With the Jacksonville Jaguars’ annual State of the Franchise coming up next month, fans will likely know the full details on Shad Khan’s Lot J project which looks like it’s going to happen. In the meantime, Cordish Companies executive Zed Smith, who is collaborating with Khan on the project, provided some details and renderings surrounding it to the city.
The Cordish Companies COO Zed Smith told a local business club "we have the land to develop into the future. We could be building here for the next 20 years." https://t.co/sj1FsFLyvA
— Mike Mendenhall (@mimendenhall) March 5, 2020
“The thing that appealed to us about Jacksonville is we have the land to develop into the future,” Smith said this week. “We could be building here for the next 20 years.”
The rendering provided by Cordish and Smith were more detailed than those of the past, though the media was only able to post a few of them. It included visuals of what was to come for Lot J (next to TIAA Bank Field), residential buildings north of the lot (which weren’t previously announced), office buildings and visuals of what’s to come for the Shipyards (which most notably included a convention center). As previously stated, the overall cost could end up being an estimated $2.5 billion, however, if the overall construction will take 20 years that estimation could be more achievable by the city.
Jax Daily Record also made mention of a Jaguars retail store or a “Jags Fit” 24-hour fitness center being a part of Lot J. It was also said that those who are overseeing the project was in preliminary talks with a local grocery operator to build on the property, too.
Smith added that he expects the finished development agreement with Jacksonville to be completed for consideration by the Downtown Investment Authority and City Council in a month or two. However, details of the deal weren’t mentioned.
Jacksonville mayor Lenny Curry and his administration proposed $233.3 million in total Jacksonville investment last year, which could kick start the project. That will go towards the key part of Phase 1 of the project which is a “Live!” venue, which will house restaurants and bars. The details on investments towards Phase 2 weren’t mentioned but info on that could surface down the road.