Tag: shipyards

City of Jacksonville reviewing civil engineering plans for Downtown Shipyards Project

The board is expected to vote on May 12 on the final designs for Khan’s $321 million project.

Iguana Investments Florida LLC submitted civil engineering plans to the city of Jacksonville for the Shipyards Hotel & Residences and the office building it plans to construct near TIAA Bank Field. Iguana is the development affiliate of the Jacksonville Jaguars owner Shad Khan.

This news comes after PLC Construction was named the construction management group earlier this week. When PLC was announced as the construction management group, it was also revealed that the groundbreaking for the project was set for later this year.

In the plan, Iguana proposes a 174-room, 12-story hotel expected to be a Four Seasons with a parking garage below it along with a 25-unit, 12-story residential building, and a six-story office building.

The hotel and residences are planned on 5.1 acres and the office building is on the adjacent 2.97 acres. Both are addressed at 1406 Gator Bowl Boulevard.

The board is expected to vote on May 12 on the final designs for Khan’s $321 million project.

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Jaguars shipyards proposal receives unanimous approval from City Council

Shad Khan received approval for his shipyards project by a 17-0 vote. Now, it’s time for Khan to hold up his end of the bargain.

Shad Khan’s plans to develop the downtown Jacksonville area will continue to proceed, as the Jacksonville City Council approved the plans for the development of the shipyards area 17-0 on Tuesday night.

The project, which is expected to cost $400 million to complete, will feature a Four Seasons Hotel, office space and marina facilities. The city will contribute up to $115 million in taxpayer dollars, with Khan’s company, Iguana Investments, putting in $300 million for the project.

The project is estimated to create 7,500 construction jobs and 1,500 permanent ones.

According to Jaguars president Mark Lamping, construction on the Four Seasons could begin as early as the second quarter next year, and the project is projected to be completed around December 2025.

Khan and the Jaguars recently also received approval to move forward with their $120 million practice facility upgrade near the stadium. With the shipyards project being approved, the downtown area could see even more makeovers in the coming years.

Shad Khan’s shipyard project advances after unanimous DIA Board vote

The proposed Lot J development failed at the City Council level. Now, Shad Khan will have another chance to woo them over.

Jacksonville Jaguars owner Shad Khan’s downtown development plan for the Shipyard took a major step forward on Wednesday, as the Downtown Investment Authority board voted 8-0 to approve $114 million worth of incentives from the city for Khan’s project, which is estimated to cost $441 million in total.

With the successful vote, the project, which will be built at the site of the Kids Kampus at Metropolitan Park near TIAA Bank Field, will advance to Mayor Lenny Curry’s Budget Review Committee and then to the city council for another vote.

A DIA committee voted 5-0 on June 25 to move the plan to this stage, and with the board’s approval, it’s closer to becoming a reality. Khan first announced the project early last month, and it includes a Four Seasons hotel within walking distance of the stadium, an office building for both team and wider commercial use as well as a nearby marina.

This proposal came on the heels of the failure of the Lot J development, the incentives deal for which did not pass the city council vote. That plan, which was supposed to be built in a parking lot west of the stadium, also included a hotel. Now, Khan will have a second chance to woo over the city council.