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Major development planned next to Jacksonville football stadium
The NFL franchise is working with The Cordish Companies on a $2.5 billion project near Everbank Field
The Cordish Companies plans to work with the Jacksonville Jaguars to develop a $2.5 billion mix of property developments near the home stadium of the National Football League franchise.
Jaguars owner Shad Kahn told the Florida Times-Union that the NFL franchise needs “energy around the stadium and in the stadium.”
The development would measure 4.25 million square feet and would include high-rise buildings with residential units, hotel rooms, offices and convention space.
It would begin on an asphalt-covered parking lot near Everbank Field, the home stadium of the Jaguars, and could extend to the St. Johns River.
Baltimore-based Cordish Companies, founded in 1910, has experience in developments designed to enliven drab downtowns.
Blake Cordish, vice president of the company, told the Jacksonville Times-Union that Cordish Companies plans to invest a substantial amount of its own capital in the project.
The Baltimore company’s ambitious project in Jacksonville hinges on an undetermined amount of financial support from the city government.
It also would require a cleanup of petroleum contamination of soil beneath the asphalt at Lot J, the parking lot where the Cornish-Jaguars development would start. [Jacksonville Times-Union] – Mike Seemuth