Jaguars owner Shad Khan’s development team, Iguana Investments, refined the plan that won concept approval last October by doubling the path for walkers and cyclists.
JACKSONVILLE, Fla. — The planned Four Seasons hotel easily won final approval Thursday from the Downtown Development Review Board for a design that features contemporary, curving architecture for its buildings and wide paths for walking and biking.
“It’s beautiful,” said DDRB board member Linzee Ott. “I can not wait to see it.”
Jaguars owner Shad Khan’s development team, Iguana Investments, made some changes to the plan that won concept approval last October by doubling the width of the paths for walkers and cyclists.
The path along the Gator Bowl Boulevard side of the development will be 16 feet wide, which will meet state Department of Transportation standards for being a bicycle-pedestrian path.
Walkers and cyclists will also have a 16-foot-wide path from Gator Bowl Boulevard through the development to the boardwalk that will be in front of the planned Four Seasons Hotel and luxury residences. Iguana will also build a six-story office building that will have the curved and rounded design of the hotel and residences.
CLICK HERE to read more The Florida Times Union
“Truly outstanding work,” said board member Gary Monahan.
Board member Matt Brockelman said the development will expand the range of experiences people can have downtown.
“Very soon we will have a group of collective experiences that will include high quality affordable housing all the way up to extremely high end offerings like what a Four Seasons would do here, and I think that says a lot about our center. -town if we can get there,” he said. “There’s still a lot of work to do, but I’m confident that Iguana and the rest of the team are up to the challenge.”
The Jacksonville City Council approved a development agreement last October, but the design still needed to get final approval from the Downtown Development Review Board to check that box.
The development deal required Iguana to spend at least $301 million in private funding, but the cost has since risen to $370 million, the Jaguars and Iguana said this week.
Iguana plans to request a higher cap on the property tax refunds it would receive from the property taxes generated by the new development and also request an additional six months to complete the project, setting that deadline for June 2026.