The June, the members-only club being built-out in Downtown Jacksonville, has gained the attention of The Wall Street Journal.
An article published Sept. 30 said there is a growing connection between exclusive venues like those in Los Angeles and New York City and there is a trend for developers to open similar clubs in medium-size markets like Albany, Kentucky, Lexington, New York and Savannah.
The WSJ said the club is expected to open in late fall with more than 450 members, including Jacksonville Jaguars quarterback Trevor Lawrence and Shanna Khan, the daughter of Jaguars’ owner Shad Khan and a part-owner of the team.
Khan is overseeing her family office’s global portfolio of development and investment properties and initiatives, including the Shipyards that includes the Four Seasons Hotel & Residences on the Downtown Northbank.
The Journal also reported what was previously undisclosed – the membership fees.
Members can join The June for an initiation fee starting at $5,000, plus monthly dues of at least $425, depending on membership tier, the WSJ said.
The WSJ said the number of households in Jacksonville earning more than $200,000 annually is up about 15% since 2021, according to the U.S. Census Bureau.
Britt Morgan-Saks, developer and CEO of The June, moved to Jacksonville with her family from Brooklyn, New York, in 2020 and decided her new home needed an exclusive venue similar to what is available in larger cities.
She leased the historic former Federal Reserve Building at 424. N. Hogan St. in the Downtown NorthCore.
“This venue reflects our vision for a premier destination for modern hospitality, elevated dining experiences and dynamic entertainment, contributing to the revitalization of culture, commerce, and community in the area,” Morgan-Saks said in a statement to the Daily Record in October 2024.
The structure is at Hogan and Church streets near City Hall. It is part of the Gateway Jax project that is redeveloping more than 20 blocks Downtown, primarily assembled by Jacksonville-based JWB Real Estate Capital.
JWB paid more than $2.4 million for the Hogan and Church street properties in August 2020, comprising $1.75 million for the Federal Reserve Building and $675,000 for the neighboring Florida Baptist Convention structure at 218 W. Church St.
JWB planned a $18.55 million redevelopment of the buildings and the Jacksonville City Council approved an $8.6 million incentives package in 2021 for their restoration.
The city issued permits in 2021 for Auld & White Constructors LLC to renovate 18,430 square feet of the Federal Reserve Building for a $3.2 million adaptive reuse.
JWB intended to build-out restaurant, business and event space at the three-story building and in its basement.
Morgan-Saks leased the building and the city approved a permit for a $6.4 million renovation of the three-story building, which also has a basement that will be used.
Plans include a lounge area around a piano in the basement, The Grille dining area on the ground floor, seating areas, a bar and private dining on the second floor, a library-style seating area on the mezzanine and a lounge and table seating, a bar and a kitchen on the top floor.