Progress takes a higher profile when the construction cranes arrive.
One crane is on-site and more are coming at Jacksonville Jaguars owner Shad Khan’s project to build the team’s headquarters office building and the Four Seasons Hotel and Residences along the Northbank riverfront.
“Following the 600 piles in the ground of below ground vertical construction, we are moving forward with the above ground construction,” said Jaguars Director of Business Communications Lyndsay Rossman.
“We currently have one crane on-site for the office building structure and two more coming in the next few weeks for the hotel and private residences,” Rossman said March 27.
Rossman said the completion date is summer 2026. Building permits for the vertical construction are “in process.”
The development is at 1406 Gator Bowl Blvd. near EverBank Stadium, home of the NFL team.
Iguana Investments Florida LLC, led by Khan, is developing the projects at the Downtown Northbank riverfront where the Jacksonville Shipyards operated.
The six-story, 143,000-square-foot Class A office building will include three floors that the Jaguars will lease, with two of the remaining floors marketed for lease.
The CBRE real estate firm said in a previous news release a Jaguars affiliate will lease a portion of the first floor to be operated as a fitness facility, with the remaining ground-floor retail space to be marketed for lease.
The release said there will be 9,670 square feet of rentable retail space.
CBRE Capital Markets announced Feb. 14 it secured $37.9 million in construction financing for the headquarters office building on behalf of the borrower, Shipyards Office LLC, a subsidiary of Iguana Investments, to secure the 10-year loan from First Horizon Bank.
Work also is underway at the Four Seasons Hotel and Residences.
PCL Construction LLC of Orlando is the contractor and HKS Architects of Coral Gables is the architect for both the office and hotel projects.
PCL Construction started site work in November 2022. The city approved foundation permits June 13 for a combined $1.4 million.
The 10-story Four Seasons Hotel and Residences comprises 170 hotel guestrooms and 26 residential units on 5.1 acres. The project is 542,700 square feet of enclosed space and 123,953 square feet of unenclosed space. There will be a spa, restaurants, ballrooms, bars, pools and other amenities.
The 1stDowntownJacksonville.com site maintained by Iguana Investments says the first phase will include construction of the Four Seasons Hotel and Residences Jacksonville, a restored Metropolitan Park, the six-story office building and a modernized city-owned marina with a park and a multifunctional building that will house a dockmaster’s office, ship store, restrooms with showers and a restaurant.
For the second phase, Iguana has the right of first offer to develop the 5-acre property to the west of the Shipyards office building. It plans a mixed-use development that may feature a medical facility.
The project will include more retail, residential, office space and a parking garage to support the first-phase office building and provide parking for the current development. The website says that while the timeline is still undetermined, work will start “sooner rather than later due to the parking needs of the phase 1 office building.”