Iguana Investments was awarded the right to develop the Shipyards and Metropolitan Park by the Downtown Investment Authority in April.
The redevelopment of the Shipyards property along the Downtown Northbank won’t begin on the riverfront, Jacksonville Jaguars President Mark Lamping said Thursday.
Lamping told the International Council of Shopping Centers North Florida Idea Exchange at EverBank Field that Jaguars owner Shad Khan’s development company, Iguana Investments of Florida, will likely start construction of an entertainment venue in a stadium parking lot.
“If we’re really going to bring about something that’s transformative, it can’t be limited to the 70 acres along the St. Johns River,” said Lamping, referring to the Shipyards and Metropolitian Park property that Iguana proposes to develop.
He said a 250,000-square-foot entertainment complex could go on Lot J.
The surface parking lot fronts Gator Bowl Boulevard and sits between Daily’s Place and Georgia Street. The team controls the lot, according to its lease with the city.
“We have tremendously underdeveloped property right behind us,” Lamping told more than 300 retail real estate brokers, developers and builders.
Get the full story from the Jax Daily Record