Daily Record Financial News &
Friday, April 20, 2018
Vol. 105, No. 110 • One Section
35¢ www.jaxdailyrecord.com
JAGUARS STATE OF THE FRANCHISE
Khan’s new neighborhood Jaguars owner has $2.5 billion vision for the area surrounding TIAA Bank Field.
Provided by the Jacksonville Jaguars
A rendering shown Thursday at the Jaguars State of the Franchise shows TIAA Bank Field surrounded by a mixed-use development including a convention center, marina, hotel, office and residential buildings. The plan is being developed by Baltimore-based The Cordish Cos.
By David Cawton Staff Writer Jacksonville Jaguars owner Shad Khan’s latest vision for the Downtown Northbank is a $2.5 billion, multiphase project that pushes development away from the Shipyards and into the parking lots surrounding TIAA Bank Field. Khan and Jaguars President Mark Lamping presented their latest renderings and development plans Thursday during the team’s sixth annual State of the Franchise presentation. “I think this is absolutely paramount for the Jaguars to be stable in this area,”
“The city has to grow and we have to have energy around the stadium and in the stadium,” Jaguars owner Shad Khan said as he met with reporters Thursday after the State of the Franchise event.
Khan said. “The city has to grow and we have to have energy around the stadium and in the stadium.” Baltimore-based The Cordish Cos. is leading the efforts, which include at least two high-rise office buildings, a hotel and concert venue for what is now the parking lots, including Lot J, on the west side of the stadium next to the Daily’s Place amphitheater. To replace the surface parking, Cordish proposes a 3,000-space parking garage to be developed over the retention pond. According to Lamping, the developKhan
continued on
Photo by Monty Zickuhr
Page 4
City greenlights BMW $30 million regional distribution center 445,000-square-foot center at Westside Industrial Park will be built by The Conlan Co. Public
By Karen Brune Mathis Editor Two years after confirming the project, BMW of North America LLC is starting construction on its estimated $30 million Westside Industrial Park regional parts
legal notices begin on page
10
distribution center. Peter Anderson, senior vice president of park developer Pattillo Industrial Real Estate, said Thursday the project was “off and running” and should be completed in 12 months. The city approved a permit
Wednesday for The Conlan Co. to build the 445,000-squarefoot shell building on almost 28 acres at 5560 Imeson Road at a construction cost of $5.9 million. Previously filed plans show the building at 448,043 square feet that is expandable by 166,730
Published
for
27,430
square feet, totaling 614,773 square feet. The property owner is IM500 LLC, affiliated with Pattillo Industrial Real Estate. Atlantabased Pattillo developed the busiBMW
continued on
Page 2
consecutive business days