Shad Khan’s office building soon to rise in Downtown Shipyards

Iguana Investments is developing the six-floor office structure next to the Four Seasons Hotel at the riverfront property.


Jacksonville Jaguars owner Shad Khan’s development company is building a six-story office building at the Downtown Shipyards at 1406 E. Bay St.
Jacksonville Jaguars owner Shad Khan’s development company is building a six-story office building at the Downtown Shipyards at 1406 E. Bay St.
  • Columnists
  • Mathis Report
  • Share

With cranes in place and site work well underway, the city issued a permit May 9 for the Jacksonville Jaguars owner Shad Khan’s development company to build its six-story office building at the Downtown Shipyards at a construction cost of almost $39.2 million.

PCL Construction LLC of Orlando is the contractor for the structure at 1406 E. Bay St. Shipyards Office LLC is the developer.

The office building is designed with 132,493 square feet of enclosed space and 10,185 square feet of unenclosed space on 1.49 acres on the Northbank riverfront near EverBank Stadium.

It is designed on the property where Khan’s company applied to the city in September for permits to build the Four Seasons Hotel & Residences at a cost of $215.1 million and the office building. The hotel permit is in review.

The Jacksonville Jaguars office tower, left, is part of a development that includes the larger Four Seasons hotel building and a smaller marina building.

HKS Architects of Coral Gables is the architect.

PCL Construction started site work in November 2022. The city approved foundation permits in June 2023 for a combined $1.4 million.

The combined almost $254.3 million cost for the vertical construction comprises the office building and the 10-story Four Seasons Hotel & Residences consisting of 170 hotel guestrooms and 26 residential units on 5.1 acres. 

The site of the Four Seasons and Jacksonville Jaguars office building development.

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 foundation for the Four Seasons is $1.2 million and $200,000 for the office building.

The permits follow those issued in November and December 2022 to clear the site and demolish a former marine fire station there, remove gantry rails and other work.

In January 2023, Jacksonville City Council approved a redrafted $129.75 million incentives deal for the hotel, condominiums, office building, a city-owned marina support building and a public marina. 

 

×

Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.