Jax Greenlights $215.1M Four Seasons

The City of Jacksonville has approved a building permit for a $215.1 million Four Seasons Hotel & Residences on the town’s Northbank riverfront. Jacksonville Jaguars owner Shad Khan secured the permit for the 170-room hotel, including 26 residential units. The ten-story building will include a spa, four dining and lounge outlets, ballrooms, bars, pools and other amenities. The approved project will be next to Khan’s future six-story office building, which was okayed two weeks ago.

The permit calls for constructing a 225,346-square-foot hotel at the Shipyards, where construction has already begun, mainly underground, at both the hotel and office building.

As Shipyards development permits are issued, The Jacksonville Business Journal reports that the Jaguars have pledged to develop an additional $100 million at the site in their tentative stadium agreement with the city, which is expected to be approved in the next few weeks.