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March 5-11, 2020
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JACKSONVILLE
Record & Observer
LOT J AND BEYOND Record & Observer JACKSONVILLE
Cordish executive updates plans for development near TIAA Bank Field and the Shipyards. THE PLAN
JACKSONVILLE
Record & Observer Zed Smith, chief operating officer of The Cordish Companies, showed this map of the Lot J, Jacksonville Shipyards and Metropolitan Park areas to the Meninak Club of Jacksonville during a March 2 speech. Cordish is working with the Jaguars to develop the property.
JACKSONVILLE
Record & Observer
Photo by Mike Mendenhall
The Cordish Companies Chief Operating Officer Zed Smith spoke March 2 to the Meninak Club of Jacksonville. Photo by Karen Brune Mathis
BY MIKE MENDENHALL STAFF WRITER
J
acksonville Jaguars owner Shad Khan’s proposed $2.5 billion Lot J and Jacksonville Shipyards development is a starting point for two decades of development in Downtown’s Sports and Entertainment District, said The Cordish Companies Chief Operating Officer Zed Smith. Smith showed updated renderings of
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the first two phases of development of Lot J near TIAA Bank Stadium, the Shipyards and a previously unannounced residential expansion north of Lot J in a presentation March 2 to the Meninak Club of Jacksonville. “The thing that appealed to us about Jacksonville is we have the land to develop into the future. We could be building here for the next 20 years,” Smith said of The Cordish Companies and Khan’s subsidiary. Baltimore, Maryland-based Cordish
and Jaguars’ subsidiary Gecko Investments LLC are equal partners in the Lot J-Shipyards project, operating as Jacksonville I-C Parcel One Holding Company LLC, according to the Lot J development term sheet released by the city July 31. The $450 million to $500 million Phase I of Lot J comprises the Live! Arena entertainment venue, a 200-unit boutique SEE LOT J, PAGE 8
BUSINESS STRATEGY
Haskell’s Dysruptek seeking innovation Design-build firm looks ahead. PAGE 5 VOLUME 2, NO. 40 • ONE SECTION