Jacksonville Daily Record 3/5/20

Page 1

THURSDAY March 5, 2020

Basch Report: Stein Mart board feared for company’s future PAGE 12

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Public

legal notices begin on page 1B

Daily Record LOT J AND BEYOND Daily Record JACKSONVILLE

JACKSONVILLE

Cordish executive updates plans for development near TIAA Bank Field and the Shipyards. THE PLAN

Daily Record Daily Record JACKSONVILLE

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

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

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 107, NO. 77 • TWO SECTIONS


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