City reviewing permits for $254 million Four Seasons Hotel & Residences, office building Downtown

Shad Khan’s Iguana Investments is developing the 170-room, 10-story hotel, 26 residential units and six-floor office structure at the riverfront Jacksonville Shipyards property.

The Four Seasons Hotel & Residences is under construction Downtown south of EverBank Stadium along the St. Johns River.
The Four Seasons Hotel & Residences is under construction Downtown south of EverBank Stadium along the St. Johns River.
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Jacksonville Jaguars owner Shad Khan’s development company has applied to the city for permits to build the Four Seasons Hotel & Residences at a cost of $215.1 million and an office building at almost $39.2 million at the Downtown Shipyards.

Work is underway at the riverfront site at 1406 E. Bay St. near EverBank Stadium.

PCL Construction LLC of Orlando is the contractor and HKS Architects of Coral Gables is the architect.

PCL Construction started site work in November 2022. The city approved foundation permits June 13 for a combined $1.4 million.

The pool area at the Four Seasons Hotel & Residences.

The combined almost $254.3 million cost for the vertical construction comprises:

• The 10-story Four Seasons Hotel & Residences consisting of 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 six-floor office building with 132,493 square feet of enclosed space and 10,185 square feet of unenclosed space on 1.49 acres.

Jaguars owner Shad Khan’s development company intends to develop the structures at the Downtown Northbank riverfront where the Jacksonville Shipyards operated.

A six-floor office building is part of the Shipyards development adjacent to the Four Seasons hotel.

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 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. 

The grand ballroom of the Four Seasons sits above what is called in plans the family pool deck.

The number of for-sale units and the square footage differ in the permit applications.

PCL Construction started site work in November 2022.

Khan’s Iguana Investments Florida LLC iguana is required to complete the project by June 30, 2026. 

Shipyards Office LLC, managed by Iguana, paid $3.2 million to the city March 31 for the 1.05-acre office property.

The Northbank Riverwalk will be extended pas the Four Seasons hote.

Ownership of the hotel parcel was part of the original incentives agreement passed in October 2021 and it carried over as an incentive in the new agreement approved in January. 

Through Shipyards Hotel Jacksonville LLC, Iguana took ownership of the 4.77-acre property for the hotel and residences from the city for $100. The quit claim deed was made June 10, 2022.

The work comes as Mayor Donna Deegan and Council prepare to negotiate with the Jaguars of a proposed $1 billion renovation of EverBank Stadium,

The Four Seasons Hotel and Residences, office building (left) and the Marina Support Building (front right)



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