Jacksonville Jaguars owner Shad Khan’s development company applied to the city for a permit to build the foundation for the proposed Four Seasons Hotel & Residences along East Bay Street Downtown.
Iguana Investments Florida LLC and contractor PCL Construction LLC want to build the foundation at a construction cost of $1.2 million at 1406 E. Bay St. along the St. Johns River near TIAA Bank Field.
The building-permit application follows permits issued in November and December to clear the site and demolish a former marine fire station there, remove gantry rails and other work.
On Jan. 10, Jacksonville City Council approved a redrafted $129.75 million incentives deal for Khan’s $387 million project comprising a 176-room Four Seasons with 25 for-sale luxury condominiums, a full-service spa and restaurant; a 157,027-square-foot, six-story, Class A office building; a city-owned marina support building; and a public marina.
Construction manager PCL Construction started site work in November 2022.
Iguana is required to complete the project by June 30, 2026. Khan’s company must start vertical construction by Sept. 1, 2023.
