Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
First Coast

Business Brief: Cordish Executive Shares New Details, Renderings Of Lot J, Shipyards

288077_standard.jpeg
Jacksonville Daily Record
/
A promenade starts at the St. Johns River and extends past the west side of TIAA Bank Field. To the left is a park, marina and convention center in a future phase.

Jacksonville Jaguars owner Shad Khan's proposed $2.5 billion Lot J and Jacksonville Shipyards development is a starting point for two decades of development in Downtown's Sports and Entertainment District, said The Cordish Companies Chief Operating Officer Zed Smith.

Smith showed updated renderings of the first two phases of development of Lot J near TIAA Bank Stadium, the Shipyards and a previously unannounced residential expansion north of Lot J in a presentation March 2 to the Meninak Club of Jacksonville, according to WJCT News partner the Jacksonville Daily Record.

"The thing that appealed to us about Jacksonville is we have the land to develop into the future. We could be building here for the next 20 years," Smith said of The Cordish Companies and Khan's subsidiary.

Baltimore, Maryland-based Cordish and Jaguars' subsidiary Gecko Investments LLC are equal partners in the Lot J-Shipyards project, operating as Jacksonville I-C Parcel One Holding Company LLC, according to the Lot J development term sheet released by the city July 31.

288076_standard.jpeg
Credit Jacksonville Daily Record
/
A pedestrian courtyard in the middle of the Lot J area west of Daily's Place is planned.

The $450 million to $500 million Phase I of Lot J comprises the Live! Arena entertainment venue, a 200-unit boutique hotel and 700 residential units. Smith said the development would include 400 mid-rise units and 300 high-rise units.

Phase II is west of Lot J at what is a retention pond at North Georgia Street and Gator Bowl Boulevard.

To see additional renderings and read the rest of the story visit JaxDailyRecord.com.